from Sputnik News:
President Vladimir Putin outlined his vision for Russia’s future development and emphasized its growth potential together with BRICS during his State of the Nation speech on Thursday. He stressed that a lasting world order is impossible without a strong Russia.
Russian President Vladimir Putin emphasized the strategic objectives and matters that are instrumental in ensuring steady long-term development for Russia on Thursday as he delivered his address to the Federal Assembly in Gostiny Dvor, Moscow.
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“It was a very powerful speech,” Adriel Kasonta, a London-based foreign affairs analyst and former chairman of the International Affairs Committee at the Bow Group think tank, told Sputnik.
“It is related to the foreign policy that Russia is pivoting away from the West, that it’s putting a strong emphasis on having closer ties with its BRICs partners and allies and also puts a strong emphasis on national rejuvenation,” the analyst continued.
During his speech, Putin pointed out that Russia is on track to becoming one of the world’s four largest economies in the near future. He drew attention to the fact that last year, the Russian economy grew faster than the global average and outpaced any growth seen in the G7 states.
The Russian president pointed out that by 2028, BRICS’ share of the global economy at purchasing power parity will increase to 36.6%, whereas that of the G7 will drop to 27.8%.
