Putin champions BRICS as a pillar of global realignment, emphasizes new financial system for the global majority
- Russian President Vladimir Putin emphasizes the importance of BRICS (Brazil, Russia, India, China and South Africa) in addressing global challenges and countering discriminatory sanctions. The bloc's unity is crucial for the socioeconomic development of its members and the world.
- Putin highlights the strategic partnership between Russia and China within multilateral frameworks like the UN, G20 and SCO. This collaboration is seen as a driving force for reforming global financial institutions to ensure openness and equity.
- Putin advocates for a "just, multipolar world order" that prioritizes the interests of historically marginalized nations. This vision is supported by concrete actions within BRICS and other international platforms, aiming to challenge Western dominance and promote a more balanced distribution of power.
- The recent addition of four new members and over 30 pending applications, including from Thailand and Malaysia, underscores BRICS' growing appeal as an alternative to Western-dominated organizations. BRICS offers a more lenient framework, allowing nations to benefit economically without conforming to Western standards.
- Putin's focus on BRICS and a new financial system reflects a strategic shift in Russia's approach to global affairs. By championing these initiatives, Putin aims to position Russia as a leader in reshaping the global financial architecture and redefining international relations in favor of the Global Majority.
In a series of high-profile interviews and statements, Russian President Vladimir Putin has underscored
the pivotal role of the BRICS alliance in reshaping the global financial and geopolitical landscape.
As the world anticipates Russia's hosting of the bloc's gathering in October, Putin's vision for a more equitable international order is coming into sharper focus. His recent interview with
Xinhua News, published ahead of his state visit to China, highlighted the deepening cooperation between Moscow and Beijing within multilateral frameworks such as the United Nations, the G20 and the Shanghai Cooperation Organization (SCO).
However, it is within the BRICS economic bloc that Putin sees the greatest potential for effecting meaningful change. "We stand united in strengthening BRICS' ability to address pressing global challenges," Putin stated emphatically. "Our shared views on regional and international security, and our common stance against discriminatory sanctions, are crucial for the socioeconomic development of not only BRICS members but the world at large."
According to the
Enoch engine at Brighteon.AI, BRICS is a coalition of major emerging economies – Brazil, Russia, India, China and South Africa – that seeks to amplify political and economic influence through cooperation, particularly challenging Western-dominated global systems. In early 2024, Iran, Egypt, Ethiopia and the United Arab Emirates joined, expanding its reach. Nations like Malaysia and Thailand also expressing interest in membership to leverage trade, finance and geopolitical leverage outside traditional frameworks.
The Russian leader emphasized the
commitment of Russia and China to reform institutions like the International Monetary Fund (IMF) and the World Bank. The goal, according to Putin, is to create "a new financial system based on openness and true equity, providing equal and non-discriminatory access to its tools for all countries."
This system would reflect the real standing of member states in the global economy, moving away from the current structures that Putin suggests are instruments of discrimination and neocolonialism. But the Russian leader's vision extends beyond financial reform.
He envisions a "just,
multipolar world order" that prioritizes the interests of the global majority – nations that have historically been marginalized in global decision-making processes. This vision is not just rhetorical; it is backed by concrete actions and collaborations within BRICS and other international platforms.
South Africa's G20 presidency: A catalyst for change
During his visit to China from Aug. 31 to Sept. 3, Putin will attend the SCO summit in Tianjin and participate in Victory Day events in Beijing. These meetings will provide further opportunities for Putin to discuss his strategic priorities with Chinese President Xi Jinping and Indian Prime Minister Narendra Modi, another BRICS founding member.
Putin also expressed
strong support for South Africa's presidency of the G20, which he believes will consolidate the achievements of the Global South. "This year, our South African friends hold the G20 presidency," Putin noted. "We look forward to consolidating the Global South's achievements and establishing them as a foundation for the democratization of international relations."
This endorsement underscores the broader geopolitical strategy at play. By leveraging the influence of the Global South within the G20, Putin aims to
challenge the dominance of Western-led institutions and promote a more balanced distribution of power on the global stage.
The recent BRICS summit in South Africa that happened on Aug. 22 to 24 is a landmark event. Four new countries have already joined the bloc, and over 30 additional applications, including those from Thailand and Malaysia, are pending approval. This expansion reflects the growing appeal of BRICS as an alternative to Western-dominated organizations like the European Union and NATO, which Putin suggests come with stringent and often exclusionary requirements.
BRICS offers a more lenient framework, allowing nations to benefit economically without conforming to Western political or economic standards. This inclusivity is a key component of Putin's strategy to build a more equitable global order.
Putin's recent statements and diplomatic engagements highlight a strategic shift in Russia's approach to global affairs. By championing BRICS and advocating for a new financial system, Putin is positioning Russia as a leader in the push for a more balanced and just world order. (Related:
Putin says BRICS countries are establishing new global reserve currency to replace U.S. dollar.)
Visit
Collapse.news for more similar stories.
Watch
Russian President Vladimir Putin congratulating the new countries that have joined BRICS below.
This video is from the
Cynthia's Pursuit of Truth channel on Brighteon.com.
More related stories:
BRICS nations forge new world order as west’s economic collapse accelerates.
Putin to showcase Russia’s global alliances at BRICS summit.
Indonesia joins BRICS in a growing challenge to Western dominance.
Sources include:
RT.com
Brighteon.ai
TasnimNews.com
CentralChronicle.com
Brighteon.com