Putin welcomes BRICS leaders amid standoff with West

Published July 9, 2015
Ufa: Russian President Vladimir Putin (right) shakes hands with his Chinese counterpart Xi Jinping at their meeting here on Wednesday ahead of the start of the BRICS summit.—AFP
Ufa: Russian President Vladimir Putin (right) shakes hands with his Chinese counterpart Xi Jinping at their meeting here on Wednesday ahead of the start of the BRICS summit.—AFP

UFA: Russian President Vladimir Putin on Wednesday welcomed the leaders of emerging powers for a summit Moscow hopes will show it not isolated despite the standoff with the West over Ukraine.

The Kremlin sees BRICS — a group of emerging economies that includes Brazil, Russia, India, China and South Africa — as a growing economic and political influence to challenge Western hegemony.

Moscow’s ties with BRICS have become more vital amid the damage inflicted on Russia’s economy by Western sanctions, and Putin’s exclusion from the Group of Eight gathering, which met last month as the G7.

BRICS “illustrates a new polycentric system of international relations” demonstrating the increasing influence of “new centres of power,” Foreign

Sergei Lavrov said in a statement published on Wednesday.

Held this year in the city of Ufa some 1,100 kilometres east of Moscow, the summit itself starts on Thursday, following a day of bilateral meetings between Putin and the other leaders.

“I won’t hide that we are especially happy to see our friends from China”, Putin told Chinese President Xi Jinping ahead of talks.

“We are well aware of the difficulties we have to face economically and in global politics, but by joining efforts we will without a doubt overcome all problems,” he added.

Putin also met with India’s Narendra Modi, South Africa’s Jacob Zuma and is set to speak with Brazil’s Dilma Rousseff after hosting a dinner with BRICS leaders.

Also expected late evening is the Iranian President Hassan Rouhani, who will meet Putin on Thursday afternoon, right after the BRICS summit.

Taking place at the same time in Ufa is a meeting of the regional security grouping, the Shanghai Cooperation Organisation (SCO), to which Iran has applied.

BRICS “augurs the formation of a new world, in which the West will not dominate,” Fyodor Lukyanov, the chairman of the Council on Foreign and Defence Policy, wrote in Rossiiskaya Gazeta state daily.

Critics however say that while the summit is symbolically important for Russia, BRICS is not a strong political force due to the very different agendas and priorities of its members.

Published in Dawn, July 9th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Privatisation divide
Updated 14 May, 2024

Privatisation divide

How this disagreement within the government will sit with the IMF is anybody’s guess.
AJK protests
14 May, 2024

AJK protests

SINCE last week, Azad Jammu & Kashmir has been roiled by protests, fuelled principally by a disconnect between...
Guns and guards
14 May, 2024

Guns and guards

THERE are some flawed aspects to our society that we must start to fix at the grassroots level. One of these is the...
Spending restrictions
Updated 13 May, 2024

Spending restrictions

The country's "recovery" in recent months remains fragile and any shock at this point can mean a relapse.
Climate authority
13 May, 2024

Climate authority

WITH the authorities dragging their feet for seven years on the establishment of a Climate Change Authority and...
Vending organs
13 May, 2024

Vending organs

IN these cash-strapped times, black marketers in the organ trade are returning to rake it in by harvesting the ...