Vladimir Putin meets President El-Sisi on sidelines of BRICS Summit, says "we take Egypt's stance into account"

Russian President Vladimir Putin met with his Egyptian counterpart Abdel Fattah elSisi on the sidelines of the BRICS Summit in New Delhi underscoring the steady expansion of bilateral trade and key joint initiatives despite ongoing global challengesDuring their bilateral discussion as stated by the Russian Ministry of Foreign Affairs President Putin expressed satisfaction over the continued progress in bilateral relations pointing to consistent growth and structural improvements in trade between the two nationsHe also praised Egypt as a longstanding and reliable friend and invited President elSisi to Moscow this October for the upcoming Russia Africa SummitIt has been a long time since we last met I am very pleased to see you again Putin said Indeed these are turbulent times and a great many events are unfolding We remain in contact as do our colleagues and our key initiatives are pressing ahead with plans being implementedThe Russian President emphasised that major joint projects are progressing strictly on schedule reaffirming Moscows commitment to its partnership with CairoBilateral trade is growing and its structure is steadily improving I would like to reiterate that major projects are being carried out acirceuroldquo strictly according to plan acirceuroldquo despite any challenges Putin statedHighlighting Egypts strategic role in the region and its leadership Putin praised the countrys trajectory under President ElSisi and said We are in constant contact on the international agenda And we are very pleased to see Egypt our longstanding and reliable friend in the region growing stronger under your leadershipAddressing the broader international climate the Russian leader noted the critical value Moscow places on Egypts diplomatic assessments when formulating its own foreign policyMany developments are unfolding both in the region and across the globe For me it is not merely interesting but of great importance to know your position on all these issues Putin noted You know that we take Egypts stance into account in our practical policymaking todays meeting is therefore highly valuable I am very pleased that we can hold consultations today on the sidelines of the BRICS summit on both bilateral issues and the international agendaRecalling the launch of the RussiaacirceuroldquoAfrica partnership framework in Sochi President Putin formally invited President elSisi to visit Moscow later this autumn for the upcoming summitI recall how under your leadership acirceuroldquo back in Sochi acirceuroldquo we established the new RussiaacirceuroldquoAfrica format The next summit in this format is being held this year and we would be delighted to welcome you to Moscow this autumn in October for these events Putin saidEarlier in the day Putin took potshots at the G7 and said the BRICS countries account for more than half of the worlds population and have dynamic vibrant domestic markets hailing the contribution of BRICS member states to the world economyPresident Putin who was addressing the BRICS Business Forum here described G7 which includes the richest industrialised countries Canada France Germany Italy Japan the United Kingdom and the United States as socalled G7Over the last five years more than 40 of the worlds GDP has been produced by the BRICS countries where the contribution of the socalled G7 the Great 7 I dont know why they call that stands at only 29 Speaking about the growth of the world economy over the same period we see that more than half of that growth has been accounted for by BRICS whereas the G7 has only accounted for 18 Why is that he saidThe answer is simple BRICS countries account for more than half of the worlds population and that is why they have a great dynamic vibrant domestic markets he added President Putin had a bilateral meeting with Prime Minister Narendra Modi on Friday ahead of the formal opening of the 18th BRICS Summit on SaturdayThis story has been sourced from a third party syndicated feed agencies Midday accepts no responsibility or liability for its dependability trustworthiness reliability and data of the text Midday managementmiddaycom reserves the sole right to alter delete or remove without notice the content in its absolute discretion for any reason whatsoever