Putin questions G7's relevance, touts rising BRICS economic clout

Speaking at the BRICS Business Summit 2026, Putin underscored the shifting balance of global economic power, arguing that the traditional Western grouping has lost its historical preeminence on the world stage. The Russian leader's remarks represented a direct challenge to the G7's relevance in contemporary international affairs.

Putin's statement highlighted BRICS's growing economic footprint, positioning the bloc—comprising Brazil, Russia, India, China, and South Africa—as an increasingly influential counterweight to Western-dominated multilateral institutions. His comparative assessment suggested that the G7's share of global economic activity has substantially diminished relative to emerging economies represented in the BRICS framework.

The Russian president went further by accusing Western nations of attempting to undermine BRICS cohesion and limit its expanding influence in global affairs. Putin's criticism reflected long-standing tensions between Russia and Western powers over institutional dominance in international economic governance and decision-making processes.

The remarks underscore deepening divisions between the Russia-led bloc and traditional Western economic powers, with implications for multilateral cooperation on trade, investment, and development issues across Asia and beyond.