The president noted that he had stopped attending meetings of the group even before the Ukraine conflict began in 2014
Russia has no plans to return to the Western-dominated G7 group, President Vladimir Putin has said, noting that its significance continues to dwindle.
In an interview with India Today on Thursday, published ahead of Putin’s visit to the country, the Russian leader noted that many G7 economies now lag behind emerging economies in purchasing-power parity (PPP) terms, and that the group’s share in the global economy has been steadily shrinking.
Still, he conceded the G7 – which includes the US, the UK, France, Germany, Italy, Canada and Japan – remains “an important platform.” “People work there, make decisions, discuss things, and God bless them.”
According to Putin, he is not seeking to rejoin the group, and did not discuss the issue with US presidential envoy Steve Witkoff and President Donald Trump’s son-in-law Jared Kushner during talks in the Kremlin about Ukraine earlier this week.
Putin noted that he had stopped attending the group’s summits even before the Western-backed coup in Kiev in 2014. Moscow was excluded from the then-G8 after Crimea seceded from Ukraine and voted to join Russia in a public referendum.
In June, Trump suggested that kicking Russia out of the group was “a big mistake,” arguing that keeping Moscow on the inside might have prevented the escalation of the Ukraine conflict in 2022. At the time, Kremlin spokesman Dmitry Peskov agreed “it was a big mistake then to exclude Russia” but noted that the club had “lost practical significance.”
Since its exclusion, Russia has focused on strengthening cooperation on other international platforms, in particular BRICS, which currently accounts for about 46% of the world’s population and over 36% of global GDP, according to estimates by global financial institutions.
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