00:00Welcome to Kazan, Russia, a city that shares its name with the iconic Family Center, where couples come to tie the knot.
00:07This unique architecture embodies Kazan in Slavic languages, a giant cauldron blending diverse cultures and faiths.
00:15It's a fitting backdrop for the BRICS Summit, where leaders from founding nations will welcome five new members,
00:21alongside over 30 countries interested in joining.
00:26BRICS began with the unification of the largest countries by population and territory, located in different parts of the world.
00:33This allows for a distinct perspective on the global processes, fostering constructive dialogue among nations.
00:40Countries seeking their place want to engage in a framework where they are heard and understood.
00:45Leaders are expected to address key global issues, from climate change to food security and tech cooperation.
00:52A top priority will be financial reforms, including exploring national digital currencies for investments and the potential for a common BRICS currency.
01:02The summit will also test BRICS Pay, a decentralized payment messaging system like SWIFT.
01:08This new tool is aimed at boosting trade cooperation while helping member nations reduce their dependence on Western institutions.
01:16Local businessman Daniel Galywin welcomes the move.
01:20He manufactures boilers for Russian energy companies, increasingly sourcing parts from China due to Western sanctions.
01:29As a business person, I faced significant challenges earlier this year.
01:34While some issues have been resolved, financial hurdles remain, including extra costs for transferring money to China.
01:41I hope BRICS will simplify operations and help balance currency differences, because we are currently very dependent on the dollar and the euro.
01:51There will also be special focus on interactions between China's President Xi Jinping and Russian President Vladimir Putin.
01:58This is President Xi's 10th visit to Russia as China's leader.
02:03Russia and China always have something to offer each other, including our mutual cultural enrichments and close economic ties.
02:11The two countries support each other in a complex international situation.
02:15This trust extends from the highest levels down to the grassroots, as people here in Russia are very interested in what is happening in China.
02:24Amid global economic slowdowns and geopolitical divides, China is stepping up as a driver of growth and stability for emerging economies.
02:34Beijing remains committed to free trade, strengthening global supply chains, as well as achieving the UN's 2030 climate goals.
02:42In the next few days, China will continue to advocate for multilateralism, positioning itself as a stabilizing and positive force in global affairs.
