President Vladimir Putin said June 22 that Russia is rerouting trade to "reliable international partners" such as Brazil, Russia, India, China and South Africa as the West attempts to sever economic ties. Chine Nouvelle/SIPA/Shutterstock
CNN: Putin says Russia is rerouting trade to China and India
President Vladimir Putin said Wednesday that Russia is rerouting trade to “reliable international partners” such as Brazil, India, China and South Africa as the West attempts to sever economic ties.
“We are actively engaged in reorienting our trade flows and foreign economic contacts towards reliable international partners, primarily the BRICS countries,” Putin said in his opening video address to the participants of the virtual BRICS Summit. The “BRICS” acronym refers to an informal grouping of the five developing economies.
According to Putin, trade between Russia and the BRICS countries increased by 38% and reached $45 billion in the first three months of the year.
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Russian President Putin Says Russia Is Rerouting Trade From Europe To China, India, And Other BRICS Nations
Putin Pushes for Stronger Ties with BRICS Nations -- Moscow Times/AFP
Putin Sees Russia Oil Flows to China, India 'Growing Noticeably' -- Bloomberg
Russia's trade with China, India, Brazil, and S. Africa has jumped 38% -- Market Insider
Putin vows to reroute Russian exports to BRICS nations -- DW
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