Vladimir Putin, President of Russia, has proposed a plan to establish a BRICS-based grain exchange.
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| Leaders from 36 countries attended the BRICS Summit 2024 in Kazan, Russia. Photo: @BRICSinfo |
The Russian Leader said, the move “would facilitate the formation of fair and predictable price indicators for products and raw materials.”
He made the statement at the BRICS Summit 2024 in Kazan, Russia.
Putin added, “A number of BRICS countries are among the world’s largest producers of grain, vegetables, and oilseeds.
We propose opening a BRICS grain exchange, which would facilitate the formation of fair and predictable price indicators for products and raw materials, taking into account their special role in ensuring food security.”
