OREANDA-NEWS  The G7's share in the global economy is decreasing from year to year, but it is growing for the united countries within the framework of the BRICS, this is an objective process, Russian President Vladimir Putin said.

"Look at how the share of the so-called G7 in the global economy has decreased in recent years. It is decreasing from year to year. And how the share of those countries that have joined together within the framework of BRICS is growing. This is an objective process," he said at the SPIEF plenary session.

The St. Petersburg International Economic Forum is taking place on June 18-21. The main theme of SPIEF in 2025 is "Shared values - the basis for growth in a multipolar world." RIA Novosti is the information partner of the forum.