Solnechnodolsk (Stavropol Territory) - Sputnik.

Putin explained during a meeting with representatives of the Russian agro-industrial complex, “As for the stock market, of course, you are absolutely right. All stock indices are either in the states or in Europe, in Paris itself. I don’t know, how much wheat do the French produce? Less than us.” I think, but the stock indices there are according to what is usual, and of course, this is unfair because this affects the prices. Your idea is very good.” Putin indicated that the “BRICS” countries may be interested in the matter given the presence of countries that produce and buy grains in the group. He stressed: “These things are speculative, they certainly affect consumers in the end, and these are the problems that all governments are trying to solve, and based on your suggestion, we will certainly work with partners.” The Russian Federal Customs Service reported, in early last February, that the country Exports of raw food and agricultural materials increased by 4.3 percent to $43.1 billion in 2023, compared to the previous year, while imports decreased by 1.7 percent, to $35.1 billion. By the end of 2022, Russia exported agricultural products worth $41.6 billion, and before that, The Ministry of Agriculture expected another historic record in 2023, reaching more than $45 billion. According to a presentation made by the Russian President earlier, the gross domestic product of the BRICS countries according to the purchasing power factor in 1992 was at the level of 19.3 percent of global index;

While in the G7 countries, it was at the level of 45.7 percent. By the end of 2022, the difference was in favor of BRICS, at 34.4 percent.

Compared to 30.3 percent in the “G7”. The “BRICS” group was formed from Brazil, Russia, India, China and South Africa.

But recently, 23 countries have already expressed their desire to join the economic alliance, including Argentina, Iran, Algeria, Tunisia, Turkey, Saudi Arabia and Egypt. Following the group’s summit, which was held in Johannesburg, South Africa, during the period from 22 to 24 August. The United Arab Emirates, Saudi Arabia, Iran, Argentina, Egypt and Ethiopia have been officially invited to join BRICS starting January 1, 2024.