Putin: Russia committed to BRICS cooperation

STORY: Putin, speaking to the leaders of the other four BRICS countries, said the nations could promote global stability.

"The current crisis in the global economy, which is due to the ill-conceived and selfish actions of some countries who use financial mechanisms to blame others the world over for their own macroeconomic policy faults, can be solved only through honest and mutually-beneficial cooperation," the Russian president said.

He said important issues such as "conflict resolution, the fight against terrorism and organized crime... climate change and dangerous infections" could "only be solved by working together".

The BRICS summit is taking place against a background of Russia's military action in Ukraine, which Moscow calls its "special military operation".