Russian President Vladimir Putin floated a proposal that BRICS could at some point have its parliament.
“Thus far, BRICS does not have its own institutionalised parliamentary structure. But I believe that in the future this idea will definitely be realised,” he said while speaking at the bloc's tenth parliamentary forum, RT reported.
According to Putin, events such as the parliamentary forum are a testimony to the strengthening influence of BRICS in international affairs and a contribution to the construction of a safer and more harmonious world.
He underscored that cooperation opened up great opportunities for the enlarged BRICS group in the realization of its potential for economic, investment, and technological collaboration.
According to Putin, the group tries to bring "positive changes" in the world economy by developing robust financial instruments for transactions within BRICS.
He added that this year saw more participants compared to last year and that Russia, as the current chair, would quicken efforts meant to integrate the four new members that joined the bloc earlier this year.
Founded in 2006 by Brazil, Russia, India, and China, BRICS invited South Africa to join in 2011. This year saw full members including Egypt, Ethiopia, Iran, and the United Arab Emirates.
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