Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent in Gaza: Four fetuses and three premature babies died at Nasser Medical Complex due to malnutrition
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected

BRICS authority, influence in global affairs continually rising: Putin

  • By Al Mayadeen English
  • Source: Agencies
  • 23 Oct 2024 16:24
  • 1 Shares
4 Min Read

During the BRICS summit in Kazan, the Russian President says Moscow seeks to strengthen the role of BRICS in the world and focus on solving global and local problems.

Listen
  • x
  • Russia seeks to strengthen authority of BRICS in world: Putin
    Russian President Vladimir Putin speaks at BRICS Summit extended format session in Kazan, Russia, October 23, 2024 (AP)

During a closed-door session at the 16th BRICS summit in Kazan on Wednesday, Russian President Vladimir Putin indicated that the multipolar world is evolving.

He emphasized that the BRICS nations play a vital role in promoting global stability and security, significantly contributing to the resolution of pressing regional issues.

"This is the essence of the strategy of the BRICS course in the international arena, which meets the aspirations of the main part of the international community — the so-called global majority. And it is precisely this course that is especially in demand in the current conditions when truly significant changes are taking place in the world," Putin said.

He said that Russia seeks to strengthen the role of BRICS in the world and focus on solving global and local problems, adding, "We sought to strengthen the authority of BRICS, to increase its role in world affairs, in solving pressing global and regional problems."

In this context, the Russian leader expressed his belief that all interested nations should be afforded the opportunity to join BRICS. He asserted that it would be a mistake for BRICS to overlook the unprecedented interest from countries in the Global South and East seeking to become part of the association, highlighting the importance of inclusivity in fostering global collaboration.

"More than 30 states have already expressed this desire in one form or another. At the same time, it is necessary to maintain a balance and prevent a decrease in the effectiveness of the BRICS," Putin said.

Authority, influence of BRICS in international arena

Related News

Iran urges BRICS sanctions shield as Brazil backs fairer global system

Expert: too early for single BRICS currency, more action needed

"BRICS is undergoing significant growth, with its authority and influence in global affairs continually rising," Putin highlighted during the closed-door session, adding, "We are all witnessing this remarkable evolution."

He highlighted that the new BRICS investment platform will strengthen national economies and promote investment opportunities. Furthermore, member countries will create mechanisms to effectively resolve trade disputes.

"We propose to create a new BRICS investment platform that would become a powerful tool to support our national economies, as well as provide financial resources to the countries of the Global South and East," Putin said.

Global trade becoming more fragmented: Putin

Putin stressed that the debt burden in developed countries continues to grow, and global trade is fragmenting, adding that "the practice of unilateral sanctions, protectionism, and unfair competition is expanding and, as a direct result, there is fragmentation of international trade."

He also emphasized that BRICS economies demonstrate resilience due to their balanced policies. The president projected that by the end of 2024, the share of BRICS countries in the global economy, measured by purchasing power parity, will confidently surpass that of the G7 nations.

Putin stated that world trade and the global economy are undergoing significant transformations, with activity increasingly shifting toward emerging markets.

BRICS countries should step up cooperation

In this context, the Russian President emphasized the need for BRICS countries to enhance cooperation in technology, education, and finance. He noted that the establishment of the BRICS consultation mechanism on World Trade Organization (WTO) issues will facilitate the development of a unified stance on creating fairer rules for the global economy.

In this regard, Putin proposed the establishment of a dedicated BRICS platform for precious metals and diamonds. He argued that "this sector is heavily regulated by various trade barriers that circumvent the universal Kimberley Process certification scheme."

He also proposed the initiative to establish a BRICS "grain exchange," which he believes will safeguard national markets from external interference and speculation. He emphasized that this exchange would contribute to the development of fair indicators for global grain prices.

"The implementation of this initiative will help [BRICS] protect national markets from negative external interference, speculation, and attempts to create artificial food shortages," Putin said.

  • BRICS
  • Russia
  • Vladimir Putin

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

American far-right activist Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Australia warned of deadly climate risks in landmark report
Environment

Millions at risk from rising seas, extreme heat in Australia: Report

DPRK leader Kim Jong Un inspects a new weapons factory in undisclosed location, Democratic People's Republic of Korea, August 31, 2025 (AP)
Politics

DPRK defies US, says nuclear state status 'permanently enshrined'

Soldier F faces trial over bloody Sunday killings after 53 years
Miscellaneous

British Soldier F faces trial over Bloody Sunday killings after 53 yrs

Pro-Palestinian protesters demonstrate at the University of Sydney to protest the Israel Hamas war, Wednesday, April 24, 2024 (AP)
Politics

Protest outside ABC decries media silence on Gaza journalist killings

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS