keynotes from Day 3, the final day of the BRICS Summit in Kazan, Russia

These highlights reflect the focus on reshaping the global financial system, fostering peace efforts, and emphasizing the growing influence of BRICS in world affairs.

author: Economician

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2 minutes

category:politic

Battle of the Summits: Some leaders, including the prime ministers of India, Bangladesh, Sri Lanka, and the President of South Africa, chose to attend the BRICS Summit instead of the Commonwealth meeting, highlighting the importance of BRICS as a growing democratic group.
Vladimir Putin emphasized that the Western financial system relies heavily on the U.S. economy, urging BRICS members to adapt to the changing financial landscape in a "civilized" manner.
Venezuela’s President Maduro argued that financial reform alone is insufficient, calling for the creation of independent institutions to protect BRICS nations and the Global South from Western hegemony.
Armenian PM Nikol Pashinyan proposed that Azerbaijan sign a peace treaty, with 80-90% of the wording already agreed upon, focusing on the absence of territorial claims and the establishment of diplomatic relations.
Turkey's President Erdogan thanked Putin before leaving the summit, having considered leaving earlier due to a terrorist attack in Ankara.
China’s President Xi Jinping underscored that the Global South should drive global development, highlighting that the New Development Bank has already financed over $20 billion for 1,100 projects.
Brazil’s Foreign Minister Mauro Vieira criticized countries that claim to be human rights defenders but ignore significant modern atrocities, undermining the UN Security Council and international law.
India’s Foreign Minister S. Jaishankar remarked that BRICS represents a shift in the world order, addressing ongoing global injustices.
Iran’s President Masoud Pezeshkian advocated for national currency settlements and the BRICS Bank to counteract sanctions, which hinder the Global South's ability to address issues like climate change.
A private conversation took place between Armenia’s PM Pashinyan and Azerbaijan’s President Ilham Aliyev during a plenary session, possibly discussing peace-related matters.