With Over 5,000 Delegates, BRICS Summit Sends a Message to the Dollar’s Dominance

With 5,255 delegates attending, the 16th BRICS Summit in Kazan focused on building a “multipolar world order” and reducing reliance on dollar-based systems.

The 16th BRICS Summit, held in Kazan, was attended by over 5,000 delegates from 36 countries, including 24 heads of state and representatives from six international organizations. The summit aimed to strengthen economic cooperation and explore alternatives to Western financial systems.

According to Tatarstan Deputy Prime Minister Shamil Gafarov, the total number of participants included 42 delegations, officials from 36 countries, and members of official delegations from 24 heads of state, six international organizations, and the BRICS Business Council.

The summit, which took place from Oct. 22-24, was significant as it marked the first meeting since BRICS expanded to include Egypt, Iran, Ethiopia, and the United Arab Emirates (UAE).

Among the attendees were Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, highlighting the summit's importance in fostering cooperation among emerging economies.

The summit aimed to deepen economic cooperation and explore alternatives to Western financial systems, a topic that has gained increasing attention amid geopolitical shifts and concerns over the dollar's dominance.

While discussing the creation of alternative financial mechanisms, President Vladimir Putin emphasized that the bloc is not pursuing a separate SWIFT replacement.

The summit also addressed global challenges, including regional conflicts and the COVID-19 pandemic. In the Kazan Declaration, BRICS leaders underscored their commitment to sovereign development and highlighted the importance of respecting each member's right to choose its path.

Despite general consensus on key issues, discussions regarding further BRICS expansion revealed some members' concerns about admitting additional countries. This reflects the logistical and ideological complexities involved in such a move.

However, the summit showcased BRICS' intent to play a more substantial role on the global stage, as evident in the addition of new members and the踏み込んだ議論 over further enlargement.

Following the summit, Russia's Deputy Foreign Minister Sergey Ryabkov stated that BRICS is not conceived as an anti-Western bloc and remains open to cooperation.

Speaking at a press conference after the summit, Ryabkov emphasized that the alliance is transparent about its goals and open to engagement. He noted that Putin reiterated this stance, highlighting BRICS’ commitment to cooperation while defending its members’ interests.

The above is the detailed content of With Over 5,000 Delegates, BRICS Summit Sends a Message to the Dollar’s Dominance. For more information, please follow other related articles on the PHP Chinese website!