“Today BRICS is a powerful, serious association, a magnet that attracts many countries of the world,” he said during the closing ceremony of the youth festival in Sirius.

According to him, now the global GDP of the BRICS countries is greater than the GDP of the G7 countries.

“And it will continue to increase.

This is already a medical fact, nothing can be done about it, it is no longer possible,” Putin said.

The President noted that BRICS was born in Russia, and other countries gradually joined.

The World Youth Festival takes place from March 1 to 7 in the federal territory of Sirius by presidential decree.

The organizer of the festival is Rosmolodezh.