Modi to Join 16th BRICS Summit in Russia: Key Highlights

On October 22-23, 2024, Modi will visit Kazan, Russia, hosted by President Vladimir Putin. The summit aims to strengthen multilateralism for global development and security, with new BRICS members joining.

Visit Details and Context

Dates: October 22-23, 2024
Location: Kazan, Russia
Host: President Vladimir Putin
Modi's second Russia visit in 2024
Summit theme: "Strengthening Multilateralism for Just Global Development and Security"

Summit Significance

Platform for key global discussions

New BRICS members joining:

- Egypt
- Ethiopia
- Iran
- UAE
Represents 42% of world population
Accounts for 23% of global economy
Focus on economic sovereignty
Plans for partner-country category expansion

Bilateral Engagements

Confirmed Meetings:

- Bilateral talk with Putin on October 22
- Discussions with BRICS counterparts

Potential Discussions:

- Possible meeting with Xi Jinping
- Gaza situation on agenda
- Palestinian President Mahmoud Abbas invited
- Infrastructure projects discussion:
  - Arctic Sea route
  - North-to-South corridor

Strategic Importance

Assessment of BRICS initiatives
Future collaboration opportunities

Economic cooperation focus:

- Trade enhancement
- Defense partnerships
- Technology collaboration
Global development goals
Security considerations
Multilateral approach to international issues

BRICS: A Geopolitical organization comprising G20 countries

BRICS (Brazil, Russia, India, China, South Africa)
South Africa joined the bloc a year later.
Iran, Egypt, Ethiopia, and the United Arab Emirates joined on 1 January 2024.
The group comprises about 30% of the world's land surface and 45% of the global population.
Bilateral relations are based on non-interference, equality, and mutual benefit.
The first formal summit was held in Yekaterinburg in 2009.
Saudi Arabia is yet to officially join, but participates in the organization's activities.
BRICS is considered the leading geopolitical rival to the G7 bloc.
In 2012, BRICS pledged $75 billion to boost the IMF's lending power.
In 2013, the group agreed to create a global financial institution.
In 2014, the group signed a document to create a US$100 billion New Development Bank and a reserve currency pool.

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