KAZAN, Russia (AP) — Leaders, including China’s Xi Jinping and India’s Narendra Modi, gathered Tuesday in Kazan, Russia, for a significant summit of the BRICS bloc, aimed at bolstering developing economies and countering Western influence in global affairs.
For Russian President Vladimir Putin, this three-day meeting is a strategic opportunity to showcase the failure of U.S.-led efforts to isolate Russia following its invasion of Ukraine.
Kremlin foreign affairs adviser Yuri Ushakov described the summit as “the largest foreign policy event ever held” by Russia, with participation from 36 countries, over 20 of which are represented by heads of state.
The BRICS alliance, originally consisting of Brazil, Russia, India, China, and South Africa, has expanded to include countries such as Iran, Egypt, Ethiopia, the UAE, and Saudi Arabia. Additionally, Turkey, Azerbaijan, and Malaysia have formally applied for membership, with others expressing interest.
Observers view the BRICS summit as a demonstration of support from the Global South amidst escalating tensions with the West, and as a platform to strengthen economic and financial connections.
Proposed projects include the establishment of a new payment system aimed at providing an alternative to the global bank messaging network SWIFT, which would help Russia circumvent Western sanctions and facilitate trade with its partners.
On the sidelines, Putin is set to conduct about 20 bilateral meetings, including discussions with Xi, Modi, and South African President Cyril Ramaphosa prior to the official start of the summit.
Xi and Putin, who proclaimed a “no-limits” partnership weeks before Russia’s invasion of Ukraine, have met twice this year, solidifying their alliance. Putin characterized the relationship between Moscow and Beijing as a stabilizing factor in global affairs. He pledged to enhance collaboration across multilateral forums to pursue global stability and a fair world order.
“Amid tectonic transformations unseen for centuries, the international situation is undergoing serious changes and upheavals,” remarked Xi, underscoring the unique nature of Russia-China relations.
Russia has also strengthened its ties with India, a nation that views Moscow as a long-standing ally dating back to the Cold War, despite China being India’s main rival. While Western nations are urging Modi to advocate for an end to the conflict in Ukraine, he has refrained from condemning Russia, advocating instead for a peaceful resolution.
“We fully support the quickest establishment of peace and stability,” Modi stated, having last visited Russia in July. Putin referred to the relationship between Russia and India as a “privileged strategic partnership.”
Additionally, during a meeting with Ramaphosa, Putin highlighted their mutual aim for a “fair, multi-polar global order,” specifically mentioning the initiative by BRICS members to establish a “new independent payment system.”
Putin is also scheduled to meet with United Nations Secretary-General Antonio Guterres on Thursday, marking Guterres’ first visit to Russia in over two years. The Secretary-General has consistently condemned Russia’s actions in Ukraine.
Guest Discussion and Analysis
To enhance the understanding of the BRICS summit’s impact on global geopolitics, we invited the following experts:
- Dr. Sophia Chen, an International Relations specialist focusing on Asian economies.
- Prof. Michael Green, an expert in geopolitical strategy from a prominent think tank.
- Ambassador Rajesh Kumar, Former diplomat with extensive experience in multilateral negotiations.
Moderator:
As we navigate the implications of the BRICS summit, how do you perceive the gathering of these leaders in Kazan amid heightened geopolitical tensions?
Dr. Sophia Chen:
It’s a significant strategic move. By uniting countries that share a vision of an alternative world order, BRICS sends a strong message against Western dominance, particularly that of the U.S. The participation of emerging economies shows a shift in the global power dynamics.
Prof. Michael Green:
I agree, but it’s crucial to recognize the challenges within BRICS itself. Diverse political systems and economic interests could hinder cohesive action. For example, India and China have long-standing rivalries that could affect their collaboration.
Ambassador Rajesh Kumar:
That’s a valid point, Michael. However, the summit also underscores the collective ambition of these nations to enhance cooperation in matters like trade and finance, which is vital in our current global landscape.
Moderator:
Considering the proposed new payment systems, how do you think this might impact global financial structures?
Dr. Chen:
If successfully implemented, it could undermine the SWIFT network and disrupt current financial flows. However, countries will heavily weigh the risks and benefits before fully investing in such alternatives.
Prof. Green:
We must also consider the technological and regulatory challenges that come with creating a new financial system. It requires significant collaboration that may not be easily achieved.
Ambassador Kumar:
Ultimately, this summit offers a unique opportunity for these nations to showcase unity and resilience in the face of adversity.
Call to Action:
What are your thoughts on the developments from the BRICS summit? Join the conversation in the comments below!