A major fire broke out at a US Army supply warehouse in Busan, South Korea.
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As the 16th BRICS Summit in Kazan comes to a close, numbers tell a story about what was accomplished.
Leaders and meetings
XVI BRICS Summit Kazan Declaration
Cultural program
The Summit was also jampacked with cultural events, from an informal dinner and gala concert by BRICS artists to multiple photo and cultural exhibitions, a ballet performance, and a dazzling light show on the walls of the Kazan Kremlin.
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“The BRICS Summit in Kazan is undoubtedly one of the most important global political and diplomatic events of this year as it brought together the leaders of the expanded BRICS family for the first time,” Professor Alexis Habiyaremye, a senior researcher at the University of Johannesburg’s School of Economics, told Sputnik, summarizing the summit’s key results as it reached its final day.
“The grouping has now become the global growth engine and its economic muscle is by any measure stronger than that of the old hegemonic grouping. One can say that it's the official launch of the multilateral world order, the twilight of the US hegemony,” Habiyaremye emphasized.
“The most important outcomes are not simply the initiatives contained in the declaration, but above all, the strategic alignment of a such diverse group, and the gleam of the power it radiates by attracting new candidates such as Turkiye. Given the strategic role of Turkiye in the old hegemonic order, the presence of its leader at the Summit reflects the measure of BRICS' future in leading the global affairs,” the observer said.
Unlike that ‘old hegemonic order,’ the new one represented by BRICS highlights “the rejection of dominance and unilateralism,” and initiatives that “reflect a more balanced distribution of power and responsibilities.”
“Western international structures have used hidden tools such as ISDS (investor-state dispute settlement mechanism) and technology secrecy to keep colonial exploitation in place and loot the most vulnerable countries. The proposed new institutional structures [by BRICS] are hopefully going to contribute to dismantling this unfair old arrangement,” Habiyaremye summed up.
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Vladimir Putin sums up the results of the 16th BRICS Summit in Kazan, Russia.
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Putin's statements during the press conference following the BRICS summit in Kazan:
🔸 BRICS is not a closed format; it is open to all who share its values.
🔸 Participants in the BRICS summit discussed key international issues with a focus on the situation in the Middle East.
🔸 All new BRICS members are taking the most active part in working forums, putting forward ideas and initiatives.
🔸 Russia is successfully doing everything possible to ensure that new BRICS members organically join the family.
🔸 Russia approaches the duties of BRICS chairmanship responsibly.
🔸 BRICS is not a closed format; it is open to all who share its values.
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Putin's statements on BRICS financial policy during the press conference following the BRICS summit in Kazan:
🔸 BRICS states are committed to strengthening partnerships in the financial sector.
🔸 BRICS countries will develop communication between banks and create conditions for settlements in national currencies.
🔸 Russia proposes to extend Brazil's chairmanship in the New BRICS Development Bank.
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Putin's statements on BRICS financial policy during the press conference following the BRICS summit in Kazan: 🔸 BRICS states are committed to strengthening partnerships in the financial sector. 🔸 BRICS countries will develop communication between banks and…
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Putin on the conflict in Ukraine:
🔸 It was not Russia's actions that led to the escalation in Ukraine.
🔸 Western countries actively armed the Kiev regime, leading to direct involvement of military personnel from NATO countries in the conflict.
🔸 Ukrainian forces cannot use Western missiles without the direct participation of NATO officers.
🔸 Many BRICS countries support the peace initiatives of China and Brazil on resolving the Ukrainian issue.
🔸 All BRICS countries are committed to ending the conflict in Ukraine peacefully, as soon as possible.
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Putin on an alternative to the SWIFT system:
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We are not creating any alternatives; we are pursuing the track of using national currencies.
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⚡️ "A group of 2,000 Ukrainian soldiers have been surrounded in the Kursk region, and the Russian army has started eliminating this group," Putin said.
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Putin on the situation in the Kursk region:
🔸 Russian military is actively working in the Kursk area.
🔸 Russian army is acting confidently in all directions, moving forward across the entire battle line.
🔸 Russian military is eliminating Ukrainian sabotage groups in the Kursk region.
🔸 Some units of Ukraine's army in the Kursk region are blocked, with about 2,000 people surrounded.
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There are a host of issues which need to be ironed out to turn BRICS into a genuine driver for global change, according to the professor, who cited ongoing disputes over new members – some of which face bilateral disagreements – like Egypt and Ethiopia’s dispute over water security.
On dedollarization too, a lot of work remains to be done, according to the professor. “I think that the essential dilemma is that many of the BRICS – South Africa, India, Brazil, have financial sectors that are tied to the dollar in a way that obviously Russia and Iran no longer are because of sanctions. And new members including Saudi Arabia potentially, the UAE and Egypt, which are also very tied to the United States."
Dedollarization is critical, Dr. Bond believes, emphasizing that as things are, the US Federal Reserve “prints money and then raises the interest rate and creates havoc in both cases across the world. I would attribute a great deal of the inequality [globally] to the US Fed’s loose money, its bailouts of its own banks. So we really need to see something different.”
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Putin on relations with the US and the West:
▪️On contacts with Trump: There was nothing like this before, and there is nothing like this now.
▪️On how relations between Russia and the United States will be built after elections: It depends on Washington.
▪️Putin called the claims that he allegedly refuses contacts with Western partners a lie.
▪️Russia receives various signals from Western partners about possible contacts.
▪️On reports about Trump's "threats" to strike the center of Moscow: I do not recall holding such a conversation with him.
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▪️On contacts with Trump: There was nothing like this before, and there is nothing like this now.
▪️On how relations between Russia and the United States will be built after elections: It depends on Washington.
▪️Putin called the claims that he allegedly refuses contacts with Western partners a lie.
▪️Russia receives various signals from Western partners about possible contacts.
▪️On reports about Trump's "threats" to strike the center of Moscow: I do not recall holding such a conversation with him.
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Putin on Western countries:
▪️Leading world economies abused their position by printing money during COVID and causing global inflation.
▪️The West disregarded the principles of international law by funding Ukraine.
▪️There is no justice from the West in its approach towards Russia.
▪️On reports that Russia will wreak havoc on UK streets: Complete nonsense.
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▪️Leading world economies abused their position by printing money during COVID and causing global inflation.
▪️The West disregarded the principles of international law by funding Ukraine.
▪️There is no justice from the West in its approach towards Russia.
▪️On reports that Russia will wreak havoc on UK streets: Complete nonsense.
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