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Putin’s Message to the West at SPIEF: Your Dominance is Over – BRICS+ is the Future

17:35 GMT, 20 June 2025
© Sputnik / Ivan Sekretarev
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In his speech at the St Petersburg International Economic Forum on Friday, Vladimir Putin touched on array of issues, from Western neocolonialism and emerging global power centers to Russia's economic prospects and defense exports potential. Sputnik asked experts in each of these areas to share their thoughts.
Sputnik
The Russian president’s remarks at SPIEF about the need for a new model of development free of “golden billion” neocolonialism “is based on the observation of the world balances of power that have unfolded since the US financial crisis of 2008,” veteran Brussels-based geopolitical analyst Paolo Raffone told Sputnik.

“Today the emerging countries have emerged to the extent of being comparable individually (China) or collectively (BRICS+) to overcome Western countries. [Putin’s] remarks are addressed to the US, but are also a warning to the European former powers that still have not abandoned the outdated path of eurocentrism,” Raffone explained.

Putin’s comments are geopolitical realism boiled down to its essence, “calling to rethink the national and international policies for the economy as well as security,” Raffone said.
The Russian president isn’t alone in his thinking, the observer pointed out, highlighting Italian Defense Minister Guido Crosetto’s bombshell remarks this week about the EU and NATO’s loss of relevance, total dependence on China, and failure to engage diplomatically with the Global South.
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Russia's Resilience Exposes Western Policymakers' 'Shocking' Incompetence

Western leaders became the “victims of their [own] stilted paradigm” about Russia and its economy, retired Jawaharlal Nehru University professor and Russia expert Dr. Anuradha Chenoy told Sputnik, commenting on Putin’s remarks relating to Russia's emergence as the 4th largest economy globally, and the largest in Europe.
Treating Russia as a glorified “gas station” with no prospects for development, and slapping it with a severe, unilateral sanctions regime in 2022, the West expected the Russian economy and ruble to collapse.
Instead, “the opposite happened,” Chenoy said, with the state, banks and industry leveraging finances generated from oil wealth to ramp up domestic production and generate growth. The West’s theories failed, as have their attempts to isolate Russia.

"In fact, Russia now has turned to China, BRICS countries and the Global South, which will be their long-term partner. The West and its policies of unfair terms if trade, use of threat and force” ended up isolating them, not Russia, the veteran academic emphasized.

“I am shocked at the great lack of collective knowledge and information [on the part] of the West, and their institutions,” Chenoy said, highlighting that Russia’s immense natural resources, the rebuilding of industry and infrastructure have been obvious to Russia watchers for decades.
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The Future of Russian Defense Exports

“Russia will surely reestablish itself as one of the foremost exporters of arms in the world in the coming years,” former Swedish Armed Forces officer and military analyst Mikael Valtersson told Sputnik, commenting on Putin’s mention of Russian plans to expand defense cooperation with friendly countries.

“The fast Russian adaptation to the needs at the battlefield and a strong Russian comeback in Ukraine has put an end to western dreams of the elimination of Russia as a strong competitor in the global arms market,” Valtersson said, highlighting the competitive edge Russia has honed from its experiences, including:

battle-proven, upgraded weaponry. “This is especially important when it comes to air, missile, drone and EW-technology,” according to the observer.
a “very large capacity to produce weapons quickly for the global military market…a capability the Western countries lack.”
readiness to allow buyers to freely use the advanced weapons they purchase, without secret kill switches or other restrictions
Valtersson expects these factors to strengthen Russia’s position in the Global South, and in turn to threaten Western arms exports, especially Europe’s.
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“Europe will probably be forced to focus more on domestic sales within Europe, while the US must reduce restrictions and political demands in conjunction with arms exports. This might become even more acute in light of a growing hesitation to see the US as a reliable strategic partner by many countries,” Valtersson predicts.

NATO might try to preserve markets by pressuring countries against buying Russian arms, “but this strategy will quickly lose power since Western economic power is diminishing,” the observer said, emphasizing that economic power translates into political power. While BRICS accounted for 12% of GDP in 2000, it’s over 40% today.
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