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Russia Hosts BRICS Summit to Strengthen Global Economic Cooperation

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The upcoming BRICS summit in Kazan, Russia, aims to enhance cooperation among member states and address global challenges amidst rising unipolarity.

Russia Prepares for BRICS Summit Amidst Global Unipolarity

Moscow is gearing up for the upcoming BRICS summit scheduled for October 22 in Kazan, Tatarstan, where it will host representatives from 32 countries, including 24 leaders. This summit marks a significant gathering as it will be the first time such a diverse array of world leaders convenes in Russia simultaneously. According to Russian Deputy Foreign Minister Sergei Ryabkov, the summit has attracted interest from 38 nations, showcasing Russia's commitment to expanding its influence within the BRICS framework.

As the current president of BRICS, Russia aims to promote a shift from unipolarity to a more balanced global order, a theme articulated by President Vladimir Putin in previous statements. The summit will focus on enhancing cooperation among member states and addressing pressing global issues, particularly in the face of rising unilateralism. The BRICS group, originally comprising Brazil, Russia, India, China, and South Africa, has expanded to include nations like Egypt, Iran, and Saudi Arabia, with several others expressing a desire to join.

BRICS: A Platform for Economic Growth and Cooperation

The BRICS alliance, formed in 2006, was established to foster collaboration in economic, political, and security matters among emerging markets. The group collectively represents about one-third of the world's land area, houses over 45% of the global population, and holds a significant share of the world's oil and gold reserves. Its members produce approximately 30% of the world’s GDP, reflecting their growing economic clout.

Russia's leadership in BRICS is seen as a strategic move to counter Western dominance in global governance structures established post-World War II. The group aims to create a multipolar world by enhancing trade, investment, and economic stability among its members. The upcoming summit is expected to address the need for high-tech production and economic resilience, moving away from raw material dependence. As BRICS continues to gain momentum, its member states are committed to presenting a united front on international issues, emphasizing cooperation in healthcare, education, and social protection.

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Refs: | Aljazeera |

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