Russia is hosting the annual BRICS summit in Kazan, marking the largest event in the country in years. With leaders from over 20 nations in attendance, including Indian PM Narendra Modi, Chinese President Xi Jinping, and South African President Cyril Ramaphosa, the summit comes at a critical time for Russian President Vladimir Putin. Amid ongoing sanctions and isolation due to the Ukraine conflict, the BRICS alliance (Brazil, Russia, India, China, South Africa) seeks to counterbalance Western influence on global governance and economic systems.
A central focus of the summit is the exploration of alternatives to the US dollar for trade and finance, as BRICS nations push for greater independence from Western-controlled financial networks. The event underscores Russia’s bid to showcase its global influence despite mounting international pressure. Analysts suggest Putin is using the summit to signal defiance to the West while maintaining strategic partnerships with emerging economies.
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