Russia hosts BRICS summit in Kazan under shadow of war in Ukraine
22/10/2024 6:45
Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow's partners from China, India, Brazil and the Arab world are urging President Vladimir Putin to find a way to end the war in Ukraine. The BRICS group now accounts for 45% of the world's population and 35% of its economy, based on purchasing power parity, though China accounts for over half of its economic might. Putin, who is cast by the West as a war criminal, told reporters from BRICS nations that "BRICS does not put itself into opposition to anyone", and that the shift in the drivers of global growth was simply a fact. "This is an association of states that work together based on common values, a common vision of development and, most importantly, the principle of taking into account each other's interests," he said The BRICS summit takes place as global finance chiefs gather in Washington amid war in the Middle East as well as Ukraine, a flagging Chinese economy and worries that the U.S. presidential election could ignite new trade battles.
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