In a key address at the Future Technologies Forum in Moscow, Russian President Vladimir Putin emphasized the potential for collaboration among BRICS nations in the bioeconomy sector. He referred to bioeconomy as a 'new phenomenon' that can drive global growth, which includes innovations in genetics, biotechnologies, and materials science that mimic living systems. Putin's remarks come as he seeks to position Russia as a leader within this economic bloc and in the realm of innovative technologies.

Putin described the bioeconomy as not only vital for advancing economic interests but also crucial for enhancing the quality of global growth. He urged BRICS countries to engage in joint projects that could leverage their collective strengths in research and development within this sector. This approach is likely aimed at fostering greater cooperation both economically and technologically among the BRICS nations, which includes Brazil, Russia, India, China, and South Africa.

The call for collaboration on bioeconomy projects underscores Russia's strategic vision to align itself with BRICS to counterbalance Western dominance in global economics and politics. By positioning itself at the forefront of bioeconomic innovation, Putin hopes to create a new platform for collaboration, which could significantly impact future global economic structures, while promoting Russia's role as a leading force in developing sustainable and technologically advanced economies.