06.07.2025, Moscow.
The global economic order is changing more and more, and the Western liberal model of globalization is becoming obsolete, Russian President Vladimir Putin said in a video address at the plenary session of the BRICS summit on July 6.
“The change in the global economic order continues to gain momentum. Everything indicates that the model of liberal globalization is becoming obsolete,” the Russian leader said.
At the same time, the role of the center of business activity is shifting to developing markets, and this is triggering a powerful wave of growth that also affects the BRICS countries, he added.
Source: Rossa Primavera News Agency
