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Putin-BRICS Influence Is Strengthening

EMERGING MARKETS

Wires reporting comments from Russian President Vladimir Putin, who has just finished speaking virtually to the BRICS summit in Johannesburg, South Africa. States that the BRICS' "influence is strengthening....We are against any hegemony, propagated by some countries." Says that "Russia's actions in Ukraine mean only to end the war which the West started there...We seek justifiable settlement be peaceful means."

  • Putin calls for expanding intra-BRICS trade in national currencies. Given its position as an adversary of the US, Russia is one of the BRICS nations most in favour of de-dollarization of financial interactions between nations in the 'Global South'. With Russia set to host the BRICS summit in 2024, Putin states that the city of Kazan will host the meeting in October 2024.
  • Link to livestream here: https://www.youtube.com/watch?v=ISEmB3uTYn4
  • Indian Prime Minister Narendra Modi now delivering his address.

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