10/30/24 Results of the BRICS summit in Kazan: main topics and documents

BRICS participants met in such an expanded format for the first time. The round table at Kazan Expo brought together not just partners, but, above all, like-minded people.

Taking into account the new members, BRICS accounted for more than a third of the world's GDP last year. More than the G7 countries. This growth is also fueled by mutually beneficial trade in natural resources. For example, selling oil and gas to China and India allows our country to maintain its leading position in the energy market.

One of the largest transport projects not only for BRICS, but for the entire world has become the international North-South corridor. It passes through Russian ports on the Baltic and Caspian Seas - to Iran, and then to India. This route, in fact, can become a cheaper and faster alternative to the Suez Canal. The main thing now is to attract investment. It was for such tasks that the New Development Bank was created.

Another proposal from the Russian side is the creation of a grain exchange. Currently, the main world platform for trading wheat, corn, and soybeans is located in Chicago, USA. Although the main producers and consumers of grain crops are the BRICS countries. An alternative trading platform will allow us to avoid the speculation of Western stock market players.

Today, more and more countries in the world understand that participation in BRICS brings real practical results. It is beneficial for the economy and safe for national interests. In this regard, the excitement that reigns around membership in the association is understandable. Currently, 9 countries are members of BRICS. At the summit, the participants agreed on a new status for a partner state of the alliance. 13 states are applying for it.

Summing up the summit, world leaders did not skimp on epithets. The President of South Africa called the current summit the most successful, the leader of Venezuela described it as historic, and the President of Bolivia gave the same assessment of the Kazan forum. The countries of the world majority are more open than ever to cooperation with Russia and our country reciprocates.

Source: Federation Council TV Channel