brics expansion, brics enlargement, brics countries, brics members, brics states, brics development, brics power, multipolar world, world order, multipolarity, us hegemony, western world order, western dominance, western hegemony, western demise, russian economy, brics economy, western world, global majority, global south
brics expansion, brics enlargement, brics countries, brics members, brics states, brics development, brics power, multipolar world, world order, multipolarity, us hegemony, western world order, western dominance, western hegemony, western demise, russian economy, brics economy, western world, global majority, global south
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The Russian city of Kazan is hosting a top-level BRICS Summit on October 22-24 as part of Russia's 2024 chairmanship of the bloc.
Strengthening multilateralism, integrating new members of the bloc, and addressing regional challenges will be discussed at the summit.
Russian President Vladimir Putin is hosting the summit and holding bilateral meetings on the sidelines, including with the leaders of India, China, South Africa, Egypt, and Brazil.
The BRICS Summit is being held in the Russian city of Kazan from October 22 to 24, with the participation of heads of state, as well as representatives of several international organizations. BRICS is an intergovernmental association created in 2006, and Russia assumed the bloc’s rotating presidency on January 1, 2024. The year began with the accession of new members to the association.
Debt Continues to Grow in Developed States, Global Trade Becoming More Fragmented - Putin
The debt burden in developed countries continues to grow, and global trade is fragmenting, Russian President Vladimir Putin said on Wednesday.
"The chronic debt burden continues to grow in developed countries, the practice of unilateral sanctions, protectionism and unfair competition is expanding and, as a direct result, there is fragmentation of international trade, the market for foreign direct investment, especially in developing countries, and volatility is at a high level," Putin said at an expanded BRICS meeting.
At the same time, BRICS economies show resilience thanks to balanced policies, the president said, adding that the BRICS countries' share in the global economy in terms of purchasing power parity will confidently exceed that of the G7 countries in the end of 2024.
The world trade and global economy are changing significantly, and the centers of activity are shifting towards the emerging markets, Putin said.
10:18 GMT 23.10.2024
Implementation of UN Sustainable Development Agenda Currently Stalled - Putin
Russian President Vladimir Putin said on Wednesday that the implementation of the UN Sustainable Development agenda is now "stalled".
"Commodity price volatility is at a high level, and due to increased inflation, citizens' incomes and corporate profits are falling in many countries. The implementation of the tasks of the UN Sustainable Development agenda for the period up to 2030 is also stalling," Putin said during an expanded meeting of the BRICS summit.
08:29 GMT 23.10.2024
Putin Says Multipolar World Fundamentally Changed
Multipolar world has fundamentally changed, Russian President Vladimir Putin said.
The BRICS countries have a positive influence on the state of affairs in the sphere of global stability and security, and make a significant contribution to solving acute regional problems, the president said.
"This is the essence of the strategy of the BRICS course in the international arena, which meets the aspirations of the main part of the international community — the so-called global majority. And it is precisely this course that is especially in demand in the current conditions, when truly significant changes are taking place in the world," Putin said during a meeting of the BRICS summit in a narrow format.
08:22 GMT 23.10.2024
BRICS States Have Enormous Economic, Demographic, Political Potential - Putin
The BRICS member countries have an enormous political, economic, scientific and demographic potential, Russian President Vladimir Putin said.
"The member states of our association have truly enormous political, economic, scientific, technological and human potential," Putin said at a meeting of the BRICS summit in a narrow format.
08:21 GMT 23.10.2024
Russia Seeks to Strengthen Authority of BRICS in World - Putin
Russia seeks to strengthen role of BRICS in the world and focus on solving global and local problems, Russian President Vladimir Putin said.
"We sought to strengthen the authority of BRICS, to increase its role in world affairs, in solving pressing global and regional problems," Putin said at a narrow-format meeting of the BRICS summit.
08:17 GMT 23.10.2024
Putin Proposes to Draw List of BRICS Partner States, Add It to Final Declaration of Summit
Russian President Vladimir Putin said that he proposed to form a list of BRICS partner countries and record it in the final declaration of the summit in Kazan.
"In Johannesburg, we agreed to develop modalities and categories of partner states of our association and to form a list of countries to receive such status. It is important to reflect the decision in this regard in the final Kazan declaration," Putin said during a meeting of the BRICS summit in a narrow format.
08:15 GMT 23.10.2024
Putin on BRICS Expansion: Would Be Wrong to Ignore Interest From Global South States
It would be wrong for BRICS to ignore the unprecedented interest of the countries of the Global South and East in joining the association, Russian President Vladimir Putin said on Wednesday.
"Of course, it would be wrong to ignore the unprecedented interest of the countries of the Global South and East in strengthening contacts with the BRICS. More than 30 states have already expressed this desire in one form or another. At the same time, it is necessary to maintain a balance and prevent a decrease in the effectiveness of the BRICS," Putin said at a meeting of the BRICS summit in a narrow format.
08:11 GMT 23.10.2024
Putin Notes Authority, Influence of BRICS in International Arena
BRICS is developing dynamically, and its authority and influence in world affairs are strengthening, Russian President Vladimir Putin said on Wednesday.
"We are all witnessing the dynamic development of the BRICS, strengthening its authority and influence in world affairs," Putin said, opening a meeting of the BRICS summit in a narrow format.
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