BRICS Summit 2024 live updates: ‘I want to thank Putin for successfully hosting,’ says PM Modi

BRICS Summit 2024 live updates: At the 16th BRICS Summit in Kazan, Russia, Prime Minister Narendra Modi said, “India is fully committed to increasing cooperation under the BRICS. Our belief in our diversity and multipolarity is our strength. This strength of ours and our shared belief in humanity will help in giving a meaningful shape to the prosperous and strong future of our future generations. I extend my heartfelt best wishes to Brazil President Lula as the next President of the BRICS. India will give its full support to you for the success of your BRICS presidency.”

BRICS Summit 2024 live updates: At the 16th BRICS Summit in Kazan, Russia, Prime Minister Narendra Modi said, "I want to thank President Putin for the successful organisation of the 16th BRICS Summit. I once again heartily welcome the new colleagues associated with BRICS. In its new form, BRICS represents 40% of the world's humanity and about 30% of the economy. BRICS has achieved many things in the last two decades. I am confident that in the coming times, this organisation will emerge as a more effective medium to face global challenges. I congratulate Dilma Rousseff, President of the New Development Bank. In the last 10 years, this bank has been emerging as an important option for the development of the countries of the Global South. The opening of GIFT City in India has strengthened the activities of this bank... NDB should continue to work on the demand-driven principle and while expanding the bank, priority should be given to ensuring long-term financial sustainability, healthy credit ratings, and market access."

BRICS Summit 2024 live updates: At BRICS Summit, China's President Xi Jinping called on BRICS nations to enhance their financial and economic collaboration, emphasising that the urgency for reforming the international financial architecture is increasing.

BRICS Summit 2024 live updates: Russian President Vladimir Putin, during the 16th BRICS Summit, suggested establishing a BRICS grain exchange that could eventually expand to include trade in other commodities, Reuters reported.

During the summit in Russia, he informed the leaders of BRICS nations that this exchange would help safeguard trade among BRICS countries and other nations in the Global South from extreme price fluctuations.

BRICS Summit 2024 live updates: At the 16th BRICS Summit in Russia's Kazan, China President Xi Jinping advocates for building BRICS for justice and leading the reform of the global governance system.

He states that China is willing to expand cooperation with BRICS countries in the green industry, clean energy, and green minerals. Xi calls on BRICS members to build BRICS for innovation and act as pioneers for high-quality development.

BRICS Summit 2024 live updates: During the 16th BRICS summit, Russian President Vladimir Putin advocated for the establishment of a BRICS Artificial Intelligence alliance aimed at regulating the AI industry and setting ethical norms, Reuters reported

BRICS Summit 2024 live updates: Emphasising the importance of regulations on cybersecurity, PM Modi said at the BRICS Summit, “We should work for global regulations for cybersecurity and safe, secure AI.”

BRICS Summit 2024 live updates: At the BRICS Summit, PM Modi says, "We should set an example for the entire world and raise our voices unanimously for reforms in global institutions."

He further adds “We should move forward in a timely manner for reforms in global institutions like the UN Security Council and WTO.”

BRICS Summit 2024 live updates: At the BRICS summit, Prime Minister Narendra Modi said, "We support dialogue and diplomacy, not war."

He called for strong and unanimous cooperation among member nations to combat terrorism and its financing, saying, "We all have to cooperate strongly and unanimously to deal with terrorism and terror financing."

Modi highlighted that addressing inflation and ensuring security in the food, energy, health, and water sectors are priority issues for all countries. “Containing inflation, ensuring security in food, energy, health and water sectors are priority issues for all countries,” he said.

He also stressed the need to convey a clear message to the world that “BRICS is not a divisive but a public interest group.”

BRICS Summit 2024 live updates: South African President Cyril Ramaphosa stated on Wednesday that the BRICS group of emerging economies plays a crucial role in establishing a new multipolar world order. He emphasized that the summit taking place this week in Russia presents an opportunity to create a more equitable global landscape.

BRICS Summit 2024 live updates: At the Closed Plenary Session of the 16th BRICS Summit in Russia's Kazan, PM Narendra Modi says, “India is ready to welcome new countries as BRICS Partner Country. All decisions in this regard should be made unanimously, and the views of the founding members of BRICS should be respected. The guiding principles, standards, criteria, and procedures that we adopted at the Johannesburg Summit should be followed by all member and partner countries... We should move forward in a timely manner for reforms in global institutions like the UN Security Council, Multilateral Development Banks, and WTO. While taking forward the efforts of BRICS, we should keep in mind that the image of this organization should not be such that we do not want to reform global institutions but want to replace them.”

BRICS Summit 2024 live updates: Russian President Vladimir Putin on Wednesday emphasised the establishment of a new "multipolar world order" at the BRICS summit, AFP reported.

Putin said that the BRICS organization is "enhancing its influence in international affairs" and urged its members to think about how they can tackle the most urgent issues on the global agenda, including "serious regional conflicts."

BRICS Summit 2024 live updates: The restricted-format meeting of the BRICS Summit is currently taking place in Kazan. In his opening remarks, Vladimir Putin highlighted:

"It would be a mistake to overlook the unprecedented interest from Global South and East countries in strengthening ties with BRICS. More than 30 nations have expressed such intentions in various ways. However, it is essential to maintain balance and ensure that BRICS's effectiveness is not compromised."

"We are all witnessing the dynamic growth of BRICS and the enhancement of its authority and influence in global affairs. The BRICS nations hold tremendous potential in terms of political power, economy, science and technology, and human development. Additionally, we are united by common values and a shared worldview."

BRICS Summit 2024 live updates: Sharing the first picture of the expanded BRICS family, Official Spokesperson of the Ministry of External Affairs, Randhir Jaiswal, wrote on X: “Stronger and united together for an inclusive and multipolar world. A historic moment for BRICS as the leaders take the first photo of the expanded BRICS family at the 16th BRICS Summit.”

BRICS Summit 2024 live updates: Russia expressed support for the peace initiative on Ukraine proposed by China and Brazil, according to a senior Kremlin aide, Reuters reported citing Interfax. The proposal was discussed during bilateral meetings on the sidelines of the BRICS forum in Kazan.

On Tuesday, President Putin hosted a dinner for visiting heads of state and held individual discussions with several leaders, Reuters further reported.

This is the first time that PM Modi and Xi Jinping are holding bilateral talks after the Galwan clash in 2020. The last time the two leaders met was in 2019, in Tamil Nadu.

China on Tuesday also said that it has reached a resolution with India on resolving their border conflict and will work to implement solutions. China's Foreign Ministry spokesperson Lin Jian in a regular press briefing said, "We have reached a resolution on the relevant matter, will work with the Indian side to implement the solution. We are in close communication through diplomatic and military channels." (ANI)