Oreshkin said there was a lack of infrastructural development in the economies of Europe and the United States.

Infrastructural development in Europe and the United States has almost stopped, unlike in the BRICS countries and the global South as a whole. This was stated on April 29 by Maxim Oreshkin, Deputy Head of the Presidential Administration of the Russian Federation, during the open dialogue "The Future of the World. A new platform for global growth."

"In fact, if you look at it that way, infrastructure development has practically stopped in the so-called economies of Europe or the United States. The number of new projects that are being implemented is minimal," he stressed.

The deputy head of the Presidential Administration noted that Russia, on the contrary, is implementing major projects, including the Northern Sea Route and the Transarctic Transport Corridor. He added that China is developing the "One Belt, One Road" initiative, which involves the implementation of a significant number of infrastructure projects around the world. Oreshkin expressed confidence that the economies of both countries will continue to grow at a steady pace.

According to the deputy head of the Presidential Administration, it is in the BRICS member states that the largest projects are being implemented and new cities are emerging. According to him, the countries of the global South have the maximum potential for economic development and urbanization.

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The day before, Oreshkin said that the influence of the BRICS countries on the global economy continues to increase. He clarified that at the beginning of the 21st century, the union states accounted for less than 25% of the global economy, however, according to the latest data, this figure has increased to a third.