Russia hosted the 16th BRICS Summit in Kazan, marking the largest such event since the Ukraine war began.
Leaders from nine BRICS countries and about 30 leaders from the Global South attended, signaling broad support.
Russian President Vladimir Putin emphasized that Russia is not isolated internationally despite the Ukraine conflict.
The summit highlighted the importance of strengthening economic ties among member countries, which together account for one-third of global GDP.
The Kazan Declaration indicated that unilateral sanctions against members, like Russia and Iran, are not accepted by all.
Key agreements included creating mechanisms for interbank cooperation, a grain exchange, and a cross-border payment system, aiming to challenge existing global financial structures.
New Members Inducted: Iran, Egypt, Ethiopia, the UAE, and Saudi Arabia joined, reinforcing BRICS as a counterbalance to Western influence.
Indian Prime Minister Narendra Modi stressed that BRICS is inclusive and aims to work for humanity, not division.
Modi's statements emphasized dialogue over conflict, showing that member nations have differing geopolitical views.
The summit also provided a venue for members to address bilateral issues, such as tensions between Iran-UAE and Egypt-Ethiopia.
Meetings between Modi and Chinese President Xi Jinping during the summit helped ease tensions over border disputes.
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