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16th BRICS summit
The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt, Ethiopia, Iran, and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit.
The theme of the event was: “Strengthening Multilateralism for Fair Global Development and Security.”
UN Secretary-General António Guterres spoke about the Russian invasion of Ukraine and said: "We need peace in Ukraine. A just peace in line with the UN Charter, international law and UN General Assembly resolutions."
Palestinian President Mahmoud Abbas attended the summit, and BRICS leaders called in a statement for the establishment of a Palestinian state within the 1967 borders.
BRICS members introduced a payment system named BRICS Pay designed to facilitate transactions and the interchange of financial information between central banks of partnered nations, serving as an alternative to the Western interbank system SWIFT. This system will facilitate international settlements.
The BRICS Kazan Declaration has been adopted. BRICS nations endorse reform of the UN and Security Council and the full participation of the State of Palestine in the United Nations, contingent upon the two-state solution. The Kazan Declaration expressed deep concern over the humanitarian situation in the Palestinian Territory, particularly the escalation of violence in Gaza and the West Bank, which resulted in significant civilian harm and displacement. The declaration also noted alarm over the situation in Southern Lebanon and called for an immediate cessation of hostilities. Additionally, it highlighted the adverse impact of unilateral sanctions on the global economy and the achievement of sustainable development goals. BRICS nations consented to deliberate and investigate the feasibility of creating an autonomous cross-border settlement and depository system. The finance ministers of BRICS nations will persist in evaluating the utilization of national currencies, payment tools, and platforms during the forthcoming Presidency and will report on the outcomes.
The Kazan Declaration emphasized adherence to the UN Charter and supported diplomatic efforts for a peaceful resolution to the conflict in Ukraine.
On 24 October, Russia hosted a plenary session of the 16th BRICS Summit in the BRICS Plus/Outreach format, bringing together CIS leaders, delegations from Asian, African, Middle Eastern, and Latin American countries, and the heads of several international organizations.
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16th BRICS summit
The 2024 BRICS summit was the sixteenth annual BRICS summit, held in Kazan, Russia. It was the first BRICS summit to include Egypt, Ethiopia, Iran, and the United Arab Emirates as members, following their accession to the organization at the 15th BRICS summit.
The theme of the event was: “Strengthening Multilateralism for Fair Global Development and Security.”
UN Secretary-General António Guterres spoke about the Russian invasion of Ukraine and said: "We need peace in Ukraine. A just peace in line with the UN Charter, international law and UN General Assembly resolutions."
Palestinian President Mahmoud Abbas attended the summit, and BRICS leaders called in a statement for the establishment of a Palestinian state within the 1967 borders.
BRICS members introduced a payment system named BRICS Pay designed to facilitate transactions and the interchange of financial information between central banks of partnered nations, serving as an alternative to the Western interbank system SWIFT. This system will facilitate international settlements.
The BRICS Kazan Declaration has been adopted. BRICS nations endorse reform of the UN and Security Council and the full participation of the State of Palestine in the United Nations, contingent upon the two-state solution. The Kazan Declaration expressed deep concern over the humanitarian situation in the Palestinian Territory, particularly the escalation of violence in Gaza and the West Bank, which resulted in significant civilian harm and displacement. The declaration also noted alarm over the situation in Southern Lebanon and called for an immediate cessation of hostilities. Additionally, it highlighted the adverse impact of unilateral sanctions on the global economy and the achievement of sustainable development goals. BRICS nations consented to deliberate and investigate the feasibility of creating an autonomous cross-border settlement and depository system. The finance ministers of BRICS nations will persist in evaluating the utilization of national currencies, payment tools, and platforms during the forthcoming Presidency and will report on the outcomes.
The Kazan Declaration emphasized adherence to the UN Charter and supported diplomatic efforts for a peaceful resolution to the conflict in Ukraine.
On 24 October, Russia hosted a plenary session of the 16th BRICS Summit in the BRICS Plus/Outreach format, bringing together CIS leaders, delegations from Asian, African, Middle Eastern, and Latin American countries, and the heads of several international organizations.
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