Discussions at the Eastern Economic Forum in Vladivostok highlighted the end of dollar hegemony and the expansion of the BRICS

The Russian President, Vladimir Putin, delivered a speech in favor of multipolarity during the plenary session of the Eastern Economic Forum (EEF) in Vladivostok on Friday (5). This year, the Prime Minister of Laos, Sonexay Siphandone, emphasized the importance of cooperation among BRICS countries, highlighting the need to strengthen economic ties. ‘We are witnessing the end of the dominance of the dollar in the global economy and the rise of new centers of influence,’ said Putin. He envisions a future where the world is multipolar, with power distributed among several countries. Putin also emphasized the strategic partnership within the BRICS group as a key driver of global economic growth. The discussions at the forum underscored the shifting dynamics in the global economy, with a focus on reducing dependence on the US dollar. The participants highlighted the need for increased cooperation among emerging economies to promote sustainable development.