Leaders from around the world gathered in Kazan, Russia for a summit of the BRICS bloc of developing economies, hosted by President Vladimir Putin. The agenda focused on deepening financial cooperation, developing alternatives to Western payment systems, settling regional conflicts, and expanding the BRICS group of countries.
Putin emphasized that the BRICS strategy aligns with the global majority's aspirations, especially in the current era of significant global changes towards a multipolar world. The alliance, which initially included Brazil, Russia, India, China, and South Africa, has expanded to include countries like Iran, Egypt, and Saudi Arabia, with more nations expressing interest in joining.
The summit, attended by 36 countries, showcased Russia's efforts to counter Western dominance and strengthen ties with the Global South. Putin criticized the U.S. for weaponizing the dollar and proposed creating a new payment system to bypass Western sanctions.
Participants at the summit expressed concerns about unilateral coercive measures and reiterated their commitment to enhancing financial cooperation within BRICS. They highlighted the importance of efficient cross-border payment instruments to minimize trade barriers.
Xi Jinping emphasized BRICS' role in global security and called for solidarity among Global South nations. China and Brazil proposed a peace plan for Ukraine, emphasizing the need for de-escalation and dialogue.
India's cooperation with Russia has deepened, with Prime Minister Narendra Modi advocating for dialogue and diplomacy in resolving conflicts. Modi's visit marked his second trip to Russia in three months, underscoring the significance of BRICS as a platform for positive engagement.
Putin also met with Iranian President Masoud Pezeshkian to strengthen ties and prepare for a comprehensive strategic partnership treaty. The summit will culminate in a meeting between Putin and U.N. Secretary-General Antonio Guterres, despite criticism from Ukraine.
Guterres will reaffirm his stance on the Ukraine conflict and advocate for a just peace based on international law. The meeting underscores the importance of engaging with BRICS countries, representing half the world's population, in addressing global challenges.
