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Tag: BRICS Summit

  • BRICS 2024: Russian Prez Putin Calls For De-Escalation In Middle East, Opens Up On Ties With US | world news

    BRICS Summit 2024: In his statements during the 16th BRICS Summit in Kazan, Russian President Vladimir Putin spoke about various issues ranging from Russia’s role as a moderator in the Middle East to the country’s relationship with North Korea and Donald Trump, amongst other issues.

    Speaking about the payment mechanism between the BRICS member countries, Putin said, “BRICS does not aim to create a separate payment system. The BRICS countries realize that the payments problem is one of the main obstacles to cooperation within the bloc, but member states will use existing systems to circumvent it.”

    Earlier during the Summit, President Putin had proposed to create a new investment platform for BRICS countries, amongst other measures announced during the Summit. Commenting upon the United States, he said that investigations have shown that Donald Trump has had no ties with Russia and he noted, “If the United States is open to normal relations with Russia, we will do the same.”

    While Putin welcomed the statements from President Trump to end the conflict in Ukraine, he denied the allegations of Russia ‘planning to sow chaos in Europe; and called it “complete garbage.” Speaking about Russia’s relationship with North Korea, he said, “It is our business how we implement the North Korea partnership.”

    The Kazan Declaration had seen the member countries show grave concern at the deterioration of the situation and humanitarian crisis in the Middle East and had called for “urgent measures in accordance with international law to ensure the protection of lives” in the affected areas.

    President Putin, in his speech, reiterated the sentiment and said, “We are concerned by the events in the Middle East and do not want the conflict to worsen”. He said that Russia has “a role in the settlement of conflict in the Middle East”.

    BRICS, as a formal grouping, started after the meeting of the Leaders of Russia, India and China in St. Petersburg on the margins of the G8 Outreach Summit in 2006. The grouping was formalized during the first meeting of BRIC Foreign Ministers on the margins of UNGA in New York in 2006. The first BRIC Summit was held in Russia’s Yekaterinburg in 2009.

    It was agreed to expand BRIC into BRICS with the inclusion of South Africa at the BRIC Foreign Ministers’ meeting in New York in 2010. South Africa attended the 3rd BRICS Summit in Sanya in 2011. A further expansion of BRICS took place in 2024 with five new members – Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates.

  • ‘Widespread Anxiety’: Jaishankar Warns Of Middle East Conflict Spilling Into Other Countries At BRICS Address | world news

    India’s External Affairs Minister (EAM) S. Jaishankar on Thursday raised serious concerns about the ongoing conflict in the Middle East, also known as West Asia, during his address at the BRICS Outreach session in Kazan on Thursday. Representing Prime Minister Narendra Modi at the event, Jaishankar said that the widespread anxiety that the conflict could escalate further across the region, affecting global stability.

    “The situation in the Middle East, West Asia for us, is an understandable concern. There is a widespread anxiety that the conflict would spread further in the region,” he said. He highlighted the impact on maritime trade and warned of the severe human and material consequences if the situation worsens. Stressing the need for a fair and lasting resolution, he underlined the importance of a two-state solution to bring peace to the region.

    Jaishankar echoed Prime Minister Modi’s stance that “this is not an era of war” and called for disputes to be resolved through dialogue and diplomacy. “Agreements, once reached, must be scrupulously respected. International law should be adhered to, without exception. And there should be zero tolerance for terrorism,” he added, pointing to India’s firm stance on conflict resolution and international cooperation.

    During his speech, Jaishankar outlined five key areas where global reforms are needed to create a more equitable world order. His points included: 1. Strengthening and expanding independent platforms to increase global choices and prevent leverage by powerful entities. 2. Reforming global institutions, particularly the United Nations Security Council, both in permanent and non-permanent categories. 3. Democratizing the global economy by creating more production hubs, reducing supply chain vulnerabilities. 4. Correcting infrastructure distortions by improving connectivity and logistics to mitigate risks. 5. Sharing experiences and initiatives that are of common global interest, including India’s Digital Public Infrastructure and the Unified Payments Interface (UPI).

    Jaishankar highlighted India’s leadership in global initiatives such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Global Biofuel Alliance. He stressed that India, as a “First Responder” to global crises, whether natural, health, or economic, is committed to doing its fair share in addressing global challenges.

    The plenary session, part of the 16th BRICS Summit in the BRICS-plus format, was attended by leaders from the Commonwealth of Independent States (CIS), as well as delegations from Asia, Africa, the Middle East, Latin America, and international organizations. .