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Putin's allies hold a summit in Russia

2024. October 22. – 09:04

Nicolette Halasz

The BRICS summit is scheduled to be held in Russia, including in Kazan, which will be attended by more than 20 heads of state. Leaders such as Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and Iranian President Masoud Peshkian were invited to attend the meeting organized by the Russian president, the British newspaper The Guardian wrote. BBC. According to the Kremlin, this is one of the biggest foreign policy events to date.

The name BRICS comes from the abbreviation for Brazil, Russia, India, China and South Africa. The participating countries created Brest because they wanted to show a real alternative to the West. Last August, the group was expanded to include several new countries, including Egypt, Ethiopia, Iran, and the United Arab Emirates. According to Russia, 30 other countries want to join the alliance.

BRICS is already a big force. With this expansion, it covers 47% of the world's population and 29% (37 in terms of purchase value) of the global economy. In fact, China and India are behind these large numbers.

At the meeting in Kazan, for example, Vladimir Putin wants to convince members to create a cross-border settlement system that does not include the dollar, the euro, or any of the G7 currencies, so that Western sanctions against Russia have no effect. impact. . In addition, Vladimir Putin wants to project an image of unity so that his country does not appear isolated.

The Russian president's task will not be easy, because the BRICS countries do not agree on almost everything. For example, China and India usually cannot agree on anything. But they are not the only ones who have disagreements. There is also tension between the two newest BRICS members, Egypt and Ethiopia, as well as between Iran and Saudi Arabia.

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