Russia is rolling out the red carpet to its allies on Tuesday as it hosts the latest BRICS summit in a show of strength to the West.
Russia is rolling out the red carpet to its allies on Tuesday, as it hosts the latest BRICS summit in a show of strength to the West.
The BRICS now have additional clout after Egypt, Ethiopia, Iran and the United Arab Emirates joined the group in January, with membership to the bloc becoming an attractive prospect for countries looking to boost trade, investment and economic development.
Earlier in October, Putin said Moscow was open to using the summit for discussions with its allies on the"the parameters of interaction in the emerging multipolar world, and is open to discussing the issues of building a new world order with all our friends, partners and like-minded people," he said,
"It is indicative of a collective movement away from the West, a demonstration of a fundamental shift within the world order that is seeking to challenge Western economic hegemony," Callum Fraser, a research fellow in Russian and Eurasian security at the Royal United Services Institute think tank, told CNBC Monday.
Russia's chairing of the summit would be"utilized to maximum effect to demonstrate Russia's strong position within this emerging order," Fraser added.
The Kremlin appears eager to avoid mention of what it calls its"special military operation" in Ukraine, stating that the BRICS+ discussions would concern "pressing international issues, with a particular focus on the escalating situation in the Middle East and interactions between the BRICS countries and the Global South in the interests of sustainable development."
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