“And of course, we are actively reorienting our trade flows and foreign economic contacts.
On reliable international partners, and first of all on the BRICS countries, ”RIA Novosti quotes his words in greeting to the participants of the BRICS business forum.
Putin added that Russia focuses on stimulating private initiative.
“We are striving to expand entrepreneurial freedoms, for which the administrative burden is being reduced, new preferential lending programs are being launched, and tax and customs concessions are being introduced,” the president said.
Earlier, the head of the Ministry of Economic Development Maxim Reshetnikov said that the trade turnover between Russia and the BRICS countries in the first quarter of 2022 increased by 38% compared to the same period last year.
In May, Russian Finance Minister Anton Siluanov said that the New Development Bank, created by the BRICS countries, could play an important role in mitigating the consequences of the growing crisis for member countries.