ASSESSMENTS

Russia's Goals for the BRICS Summit Will Likely Go Unrealized

Oct 18, 2024 | 20:16 GMT

Russian President Vladimir Putin attends the BRICS Business Forum on Oct. 18, 2024, in Moscow, Russia.
Russian President Vladimir Putin attends the BRICS Business Forum on Oct. 18, 2024, in Moscow, Russia.

(Contributor/Getty Images)

Despite host nation Russia's desire to speed progress on key issues like future expansion, de-dollarization and greater financial integration, internal disagreements mean the 2024 BRICS summit is unlikely to yield major breakthroughs that seriously challenge the Western-led order in the near term. From Oct. 22-24, Russia will host the 16th BRICS Summit in the southwestern city of Kazan. Russian President Vladimir Putin effectively opened the summit's associated gatherings on Oct. 18, when he addressed the BRICS Business Forum in Moscow. Overall, the summit and associated gatherings will constitute the largest and most momentous foreign policy event held in Russia since its 2022 invasion of Ukraine. Moscow claims that of the 38 countries invited to the summit, 32 have confirmed their participation and 24 will be represented by heads of state, with the 9 BRICS members all represented at the highest level. Moscow's ambitious agenda for the summit includes the creation...

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