Putin calls for expanded UN Security Council at BRICS summit in New Delhi

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Russian President Vladimir Putin called for expanding the UN Security Council to include more countries from Asia, Africa, and Latin America at the 18th BRICS summit in New Delhi on September 12. He also urged reform of global economic institutions such as the IMF, World Bank, and WTO to reflect the growing role of developing markets.
Key Facts
- Putin made the remarks at the 18th BRICS summit in New Delhi on September 12.
- He proposed increasing representation of Asia, Africa, and Latin America in the UN Security Council.
- Putin said the IMF, World Bank, and WTO were created under different political and economic conditions and must adapt to the growing role of developing markets.
- He recalled BRICS initiatives for a payment and settlement-depository infrastructure, investment platform, reinsurance mechanism, and grain exchange.
UN Security Council Expansion
Putin stated that Russia attaches special importance to preserving and strengthening the central role of the UN in world affairs. He said the UN Charter is the key source of international law, despite attempts by some countries to replace it with rules drawn up by unknown parties. Putin called for expanding the Security Council's representation of Asia, Africa, and Latin America.
Global Economic Governance Reform
Putin said global economic governance institutions, including the IMF, World Bank, and WTO, need improvement. He argued these institutions were created under different political and economic conditions and must adapt to the growing role of developing markets. Putin also recalled BRICS initiatives for a payment and settlement-depository infrastructure, investment platform, reinsurance mechanism, and grain exchange.