The upcoming BRICS Summit in Kazan, scheduled for October 22-24, is expected to signal the arrival of a multipolar world order, replacing the dominance of Western nations. This assessment was provided by the Nicaraguan news portal 19Digital.
According to the portal, the summit in Kazan holds “strategic significance” for strengthening a new democratic global order. It will also “highlight the failure of the Western sanctions system” due to the participation of numerous countries beyond BRICS members. The portal emphasizes that the strength of BRICS lies in the fact that none of its members question the national sovereignty of other states, while respecting their political and legal models.
Additionally, 19Digital suggests that BRICS members may soon establish a new international financial system, which will gain broad support from many countries eager to “escape the suffocating grip of the collective West.” Such a system would be “economically dangerous” for the US, which is already struggling with a national debt of $35 trillion.
In September, Russian Foreign Minister Sergey Lavrov mentioned that a report on options for creating alternative payment platforms for transactions among BRICS countries would be prepared for the Kazan summit. In October, Brazilian Foreign Minister Mauro Vieira also noted the growing interest from countries seeking to join BRICS, with about 30 nations expressing their desire to become members at some stage.
BRICS was founded in 2006, with South Africa joining the original members (Brazil, Russia, India, and China) in 2011. As of January 1, 2024, Egypt, Iran, the United Arab Emirates, Saudi Arabia, and Ethiopia became full members of BRICS.
From January 1, 2024, the BRICS presidency passed to Russia. It will continue until the end of the year and include more than 200 events covering a wide range of topics. The BRICS Summit in Kazan is set to be the most significant event during Russia's presidency.
GSV "Russia - Islamic World"
Photo: brics-russia2020.ru/Creative Commons 4.0
Based on materials from TASS