In this episode, Professor Jacques Sapir from the EHESS University in Paris provides an in-depth analysis of the ongoing BRICS summit in Kazan, the integration of new member countries, and the development of alternative financial systems within the BRICS. He discusses the economic impact of these developments and shares insights on the Russian economy's current state and future trajectory. The conversation also addresses the reliability of economic data and the merits of using PPP versus nominal GDP for economic comparisons.