Kazan BRICS Summit: Striving for common position from conflicts to economy amid growing interest for expansion
The sixteenth BRICS Summit is taking place in Russia between October 22-24. BRICS nations are focusing on strengthening trade and nuclear security. They are discussing a decentralized international payment system to counter sanctions. The summit h...

The world's majority is currently facing big challenges post Covid and from the two conflicts. All BRICS members - not excluding potential members of this structure - have very similar approaches to each of the problems. The most important components of any crisis management are: desire and will.
Strengthening trade relations within the BRICS framework reduces any effect of restrictions imposed by sanctions. In June this year, at the Tashkent forum, the BRICS Business Council proposed to create a decentralized system of international payments, which no one participant can limit the actions of others. Russia is actively supporting this initiative, which has been subjected to severe sanctions pressure and a blatant theft of hundreds of billions of dollars' worth of its assets. Such a system would prevent the use of financial instruments as a weapon. India has repeatedly stated that it does not adhere to unilateral sanctions.
Everyone is concerned about nuclear security, as in 2024, the world was on the brink of a dangerous nuclear escalation for the first time ever. The responsibility attitude towards weapons of mass destruction and determination to prevent a nuclear-strike exchange are the distinctive features of Russia and India. The Republic of South Africa is the first country in the world to voluntarily renounce nuclear weapons (1989).
At the BRICS summit in Kazan, a common position among the participants will be discussed. The organization’s strength and influence grow year by year towards a multipolar world order. Thirty countries have announced their plans to get associated with BRICS, including such influential countries as Indonesia, Vietnam, Algeria and many others. The investment attractiveness of participants in an integration structure of BRICS is higher.
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