Russia hosts BRICS summit to strengthen ties and challenge Western influence

cnbc.com October 22, 2024, 09:00 AM UTC

Summary: Russia is hosting the BRICS summit, aiming to strengthen ties with its allies and promote a "new world order" that challenges Western influence. The group, which includes Brazil, Russia, India, China, and South Africa, has expanded to include Egypt, Ethiopia, Iran, and the UAE.

President Vladimir Putin emphasized the group's growing importance in global affairs and its potential to drive economic growth. He stated that BRICS members will increasingly rely on their own resources, reducing external influence. Discussions will focus on political, economic, and cultural cooperation.

The summit will also address the possibility of expanding BRICS membership and enhancing ties with the "Global South." While the ongoing war in Ukraine is not officially on the agenda, it remains a significant backdrop as Putin meets with various leaders, including those from India and China.

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