Bangladesh, June 22 -- In a striking display of growing geopolitical momentum, Russian President Vladimir Putin announced that the BRICS economic alliance is launching an expansive series of joint development projects in cutting-edge sectors including nuclear energy, aerospace, artificial intelligence, and information technology. The announcement came during his address at the St. Petersburg International Economic Forum (SPIEF) on June 20, positioning BRICS as a central driver of future global economic transformation.

According to Putin, the bloc-comprising Brazil, Russia, India, China, South Africa, and, most recently, new members such as Iran, Egypt, Ethiopia, the United Arab Emirates, and Indonesia-is actively rolling out what he term...