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BRICS worried about markets, oil price volatility: Putin

The BRICS emerging nations are worried about the volatility of financial markets and oil prices, Russian President Vladimir Putin said on Thursday.

PHOTO: EPA

JUL 9, 20158:52 PM

[UFA, Russia] The BRICS emerging nations are worried about the volatility of financial markets and oil prices, Russian President Vladimir Putin said on Thursday.

"We are concerned about the instability of the markets, the high volatility of energy and commodity prices, and the accumulation of sovereign debt by a number of countries," Mr Putin said during a BRICS summit in the Russian city of Ufa.

"These imbalances affect the growth rate and our economies."

REUTERS