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BRICS Summit: A Shift Towards Multipolarity
2024-10-23 23:55:08
Politics
Economy

BRICS Summit: A Shift Towards Multipolarity

Image courtesy of : AFP (MAXIM SHIPENKOV)

At the recent BRICS summit in Russia, Vladimir Putin showcased a vision of a new global order, aiming to diminish Western dominance. Leaders from nations like China and India gathered to discuss strategies that promote trade among themselves and challenge the prevailing influence of the US dollar.

The establishment of their own development bank signifies a commitment to reforming the current economic landscape. Notably, while Russia seeks to continue its military efforts in Ukraine, Brazil and China are advocating for peace initiatives.

Turkey's interest in joining BRICS highlights a broader trend of nations seeking strategic autonomy, balancing relationships with both the West and BRICS. This shift reflects an emerging multipolar world, where economic ties and political strategies are increasingly complex.

As the European Central Bank warns against alternatives to the euro, the geopolitical dynamics are evolving, marking a significant moment in international relations.

Related news on that topic:

BRICS Summit: A Push for a Multipolar World

The recent BRICS summit in Russia marked a significant geopolitical gathering amid global tensions. Russian President Vladimir Putin used the platform to promote the vision of a multipolar world order, aiming to reduce Western influence. This summit was attended by leaders from the BRICS nations—Brazil, Russia, India, China, and South Africa—along with representatives from other countries, including Iran, Venezuela, and Turkey. Putin's agenda was clear: to showcase Russia's diplomatic reach and counter its perceived isolation following its actions in Ukraine. Notably absent from discussions was the International Criminal Court's arrest warrant for Putin over the deportation of Ukrainian children. Instead, the focus was on alliances and expanding BRICS' influence. In a move to bolster the bloc's weight, BRICS announced the inclusion of new members like Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. This expansion is intended to solidify BRICS as a counterbalance to Western-led institutions such as the G7 and NATO. The summit also provided a stage for bilateral discussions, with China and India calling for peace in Ukraine, while highlighting their desire for increased collaboration. The presence of UN Secretary-General António Guterres sparked debates, given the ongoing conflicts. As BRICS looks to integrate more countries from the Global South, Putin emphasized the bloc's shared values and its role in fostering global stability. However, critics, particularly from the EU, accused Putin of leveraging the summit for political ends. Despite these criticisms, the summit underscored a growing interest in a diversified global power structure, reflecting shifts in international alliances.

Strengthening Ties at BRICS: Modi and Xi's Diplomatic Engagement

At the recent BRICS summit, Indian Prime Minister Narendra Modi and Chinese President Xi Jinping engaged in pivotal discussions following a new border agreement aimed at easing long-standing tensions. This agreement, reached after a 2020 military standoff, emphasizes mutual trust and respect as essential elements for stabilizing bilateral relations. Both leaders acknowledged the importance of cooperation for regional and global peace. The summit also highlighted BRICS' role in promoting local currency trading and enhancing cross-border payments, reflecting Modi's vision for a multipolar world. Additionally, Xi called for comprehensive reforms in international finance, urging BRICS nations to strengthen their economic ties and expand the New Development Bank. As BRICS welcomes new members, the focus remains on fostering unity and addressing internal rivalries while navigating the complex landscape of global finance and geopolitical dynamics.

Read 9 more recent news on this topic

The press radar on this topic:

t-online
22. Oktober 2024 um 15:36

BRICS Summit in Russia: Putin Blows the Trumpet for an Attack Against the West

Politics
Economy
Kremlin chief Vladimir Putin is welcoming the heads of state and government of the BRICS countries such as China's Xi Jinping and India's Narendra Modi to the summit in Russia. Russia wants to stage BRICS as a countermodel to the West, break the influence of the US dollar and drive forward the BRICS strategy to strengthen trade among themselves as well as to reform the global economic order dominated by Western institutions like the World Bank and IMF. In addition, the BRICS countries have fou..
zeit
23. Oktober 2024 um 15:17

Turkey and Brics countries: Between the West and Brics

Politics
Economy
Turkey, a Nato member and EU candidate, has reportedly applied to join the Brics group, reflecting a shift towards multipolarity as middle powers seek strategic autonomy. Turkey aims to hedge, remaining in Nato while cultivating closer Brics ties, doubling trade. It has a customs union with the EU but also attracts Chinese investment, supporting Ukraine while fostering Russia ties. Turkey's pursuit of autonomy and global justice is linked to domestic politics, used to discredit opposition since..
stern
23. Oktober 2024 um 15:47

Expert on the BRICS Summit: Putin Stages a New World Order - "Guterres' Gift is Absolutely Pitiful"

Politics
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Russia hopes to gain strength against the West from its BRICS partners. But despite warm welcomes, it becomes clear: not all guests are pursuing the same course.
zeit
23. Oktober 2024 um 15:17

Turkey and BRICS Countries: Between the West and BRICS

Politics
Economy
Turkey has officially applied to join South Africa's genocide lawsuit against Israel, which brings it closer to the BRICS group on a geopolitically important issue for its region. Furthermore, the discourse on autonomy from the West serves the Turkish government as an instrument to discredit the domestic opposition and consolidate its own support base.
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