Putin for BRICs

Big Rising Industrializing Countries and for Developing Countries.

Stations of economic development.

clipped from news.yahoo.com Russia - Russian President Vladimir Putin called Sunday for creating an alternative to the World Trade Organization that would favor developing economies and suggested giving a greater role to regional currencies. Speaking at an economic forum in Russia's second-largest city of St. Petersburg, Putin lamented that today's international economic organizations "look archaic, undemocratic and awkward" by protecting the interests mainly of developed economies.