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The BRICS summit in Kazan, Russia, witnessed a remarkable display of cooperation between China and India, two nations that have historically been locked in a tense relationship. The meeting between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, their first formal talks in five years, was a pivotal moment, showcasing a potential shift towards a more harmonious bilateral relationship. This newfound camaraderie came amidst the backdrop of a global landscape marked by geopolitical tensions, particularly in the wake of the ongoing Russia-Ukraine conflict.
The BRICS summit itself was a platform for President Vladimir Putin to underscore Russia's resilience in the face of Western sanctions imposed due to the war in Ukraine. While the summit's final communique lacked details on specific projects, it highlighted BRICS' commitment to developing alternative payment systems to the dollar, a move seen as a direct challenge to Western financial dominance. This effort to establish a parallel system reflects a growing sentiment among emerging economies to create a multipolar world order.
Beyond the geopolitical maneuvering, the summit shed light on the economic ambitions of the BRICS nations. The group, comprising Brazil, Russia, India, China, and South Africa, accounts for a significant share of the global population and economy. Putin emphasized BRICS' potential for continued growth, citing factors like population growth, urbanization, and capital accumulation. However, the success of BRICS as a cohesive economic bloc remains contingent on the ability of its member nations to overcome their internal differences, especially the ongoing tensions between China and India.
The summit highlighted the evolving dynamics of international relations, with the rise of emerging powers challenging the established global order. While the BRICS alliance faces challenges in navigating the complexities of a multipolar world, the recent display of cooperation between China and India raises hopes for a more stable and balanced global landscape.
Source: Putin scores a BRICS win with rare Chinese President Xi and PM Modi show of harmony | HIGHLIGHTS