Putin hosts global south leaders at Brics summit to counter western clout

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China's Xi Jinping, Prime Minister Narendra Modi and other world leaders arrived on Tuesday in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying Western influence in global affairs.

Kremlin foreign affairs adviser Yuri Ushakov called it the largest foreign policy event ever held by Russia, with 36 countries attending and more than 20 of them represented by heads of state.

The alliance that initially included Brazil, Russia, India, China and South Africa has expanded rapidly to embrace Iran, Egypt, Ethiopia, the United Arab Emirates and Saudi Arabia.

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Category: BusinessFinance

Markets: IndiaAzerbaijanBrazilChinaEgyptEthiopiaKazakhstanMalaysiaSaudi ArabiaSouth AfricaUkraineUnited Arab Emirates

Topics: Modi brics Brics counter western influence Brics summit russia Xi jinping brics Global south leaders Russia sanctions Brics new payment system Russia global south relations Putin brics summit

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 08:29:02 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23210756

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