[LISTEN] Who runs the real powerhouse within the Brics nations?

The 10th annual Brics summit will get underway in Johannesburg on Wednesday.

The event will be attended by five heads of state and their respective ministers.

China has already committed to investing $14.7 billion in South Africa following talks between President Cyril Ramaphosa and President Xi Jinping.

Russia's president Vladimir Putin is poised to steal the show but former economics advisor to Russian President Gorbachev, Yuri N. Maltsev does not think so.

We should put in the perspective that Russia's economy is $1.3 trillion dollars while the Chinese economy is $10 trillion.

Yuri N. Maltsev, Soviet defector and former economics advisor to Russian President Gorbachev

READ: SA and China sign multi-billion rand deals ahead of BRICS summit

So, Russia is like an overinflated dragon.

Yuri N. Maltsev, Soviet defector and former economics advisor to Russian President Gorbachev

Maltsev says Putin is a nationalist and he has been working n how to make Russia great again.

ALSO READ: China might ask South Africa to condemn Donald Trump's trade policies - analyst

There is not much resources there. If you look at Russian economy it's really limping.

Yuri N. Maltsev, Soviet defector and former economics advisor to Russian President Gorbachev

You will see during the summit that the likes of President Xi and Prime Minister Modi run real powerhouses, not Putin.

Yuri N. Maltsev, Soviet defector and former economics advisor to Russian President Gorbachev

Listen to how BRICS serves the interest of Russia...


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