On October 22, the BRICS 2024 summit in Russia begins. Vladimir Putin – despite trying to isolate him internationally – is the host of global confederate leaders. Indian media indicate that for the Russian President, a three-day gathering is to show the failure of US efforts to isolate Russia.
The president of the PRC, Xi Jinping, as well as Prime Minister of India, Narendra Modi, has already arrived in Kazan. The Kremlin's abroad Affairs Advisor Yuri Uszakov praised the summit as "the largest abroad policy event Russia has always organised". It is attended by representatives of 36 countries, of which more than 20 are represented by Heads of State.
The BRICS Alliance, which initially included Brazil, Russia, India, China and South Africa, expanded and now includes Iran, Egypt, Ethiopia, the United arabian Emirates and Saudi Arabia. Turkey, Azerbaijan and Malaysia formally applied for membership, as did respective another smaller countries.
The three-day gathering is intended to strengthen economical and financial cooperation between countries and to challenge the liberal global order led by the United States.
The BRICS group is reasoning about creating a fresh payment strategy that would offer an alternate to the SWIFT global banking messaging network and would let Moscow or another BRICS countries to avoid western sanctions and trade with different partners.
The Russian leader is scheduled to hold over 20 bilateral summit margins meetings, including Xi Jinping from China, Modi and South Africa president Cyril Ramaphosa. On Thursday Putin will meet with UN Secretary General Antonio Guterres, who will visit Russia for the first time in 2 years.
The Chinese before the 16th BRICS Summit presented their imagination for the improvement of the alliance, stressing the importance of "the 3 main pillars of cooperation": policy and security, economy and finance, cultural and humanitarian exchange. At the same time, they support the improvement of the BRICS Plus model.
Beijing pointed out the request to respect the principles of "openness, inclusiveness and common benefit" in the common relationship. Meetings at various BRICS summits are to be a "key mechanics for political cooperation and security". These meetings are intended to aid respond collectively to global challenges, but besides to "contribute to maintaining peace and stableness both regionally and globally".
Beijing points out that the BRICS countries, which have achieved awesome results in areas specified as the digital economy, "green development", and the stableness and safety of the supply chain, represent "nearly 50% of the world's population and 1 5th of global trade". The BRICS countries were already expected to exceed the full GDP of G7 in terms of the purchasing power parity.
According to China, crucial advancement has besides been made in "reforming the global monetary system, monetary cooperation and improvement financing", in peculiar through the creation of the fresh improvement Bank (NDB) and the BRICS Conditional Reserves Agreement. This facilitated the usage of local currencies in transactions between associate States, helping to "decrease dependence on 3rd country currencies or single currency". BRICS is to advance global economical stableness and growth.
The Chinese called for "to strengthen cultural and humanitarian exchanges", a concept repeatedly promoted by Xi Jinping, which stresses that "civilisations and improvement paths are diverse". China advocates continuing initiatives specified as BRICS People-to-People Forum, global Youth poesy Festival for BRICS countries, BRICS Young Leaders dialog and akin events.
Beijing confirmed its commitment to supporting Xi Jinping's Global Civilization Initiative, working with partners to “respect the diversity of civilizations, advance common values for all mankind and encourage common learning and collective advancement between civilizations”.
The "BRICS Plus" task aimed at emerging and developing countries is to be developed to support South-South cooperation and to prosecute "collective self-improvement".
Meetings in this area are to be strengthened within the UN and G20 to advance a "fair, well-organised, multipolar world", bringing "stability and affirmative energy" to the global stage.
Sources: outlookindia.com / caliber.az
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