Russia | 2nd day of the 16th BRICS Summit concluded - video Dailymotion

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TeleSUR special envoy Yunus Soner reports from Kazan, Russia, as 2nd day of the 2024 BRICS Summit draws to a close. teleSUR

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00:00The BRICS Summit in Kazan, Russia, continued with the meeting of the Presidents and the

00:05announcement of a final declaration.

00:07Experts observed that the Alliance makes important progress.

00:10Representatives of the Global South voiced hope.

00:13Details from our Special Envoy Yunus Soner in Kazan.

00:18The second day of the 16th Summit of the BRICS Alliance here in Kazan, Russia, started with

00:24a meeting of the Presidents of the Alliance.

00:28The first speech, the opening speech, was held by Russian President Vladimir Putin,

00:33who emphasised, among other topics, institutional issues of the Alliance itself.

00:59Previously, the Alliance appeared to be a forum of debate, but this has changed now,

01:05argues Sergei Slankovich.

01:28After their expanded meeting, the leaders agreed on a final declaration that promises

01:42to further promote BRICS institutional development.

01:46This parallels financial integration between members.

02:19Inter-bank cooperation mechanism, cross-border payment initiative, cross-border settlement

02:42and depositing infrastructure, the list of measures in the declaration to fight sanctions

02:48and circumvent the dollar is long.

02:51Observers are impressed.

02:52We have a new world, who is rising, and this new world will become the world for the multilateralism

03:04because we need some change, if we want peace, if we want no conflict, and we have some instruments

03:13to finance our development and BRIC pay and some changement, BRICS has come in, is very

03:23good for our country.

03:26The final resolution and the statements of the Presidents taken together, BRICS has made

03:31a leap forward, especially in institutionalisation and in achieving financial system that is

03:39beyond Western control.

03:46The enlargement of the BRICS can contribute to the economic strengthening of the group

03:50vis-à-vis other international blocs, becoming an alternative for the construction of a new

03:54world order.

03:55The multilateral bloc expanded its cooperation capabilities in 2024 by including Iran, Saudi

04:02Arabia, Egypt, Ethiopia and the United Arab Emirates as new member states, positioning

04:08this group as a powerhouse on the global economic, social and political scene.

04:14The BRICS reached a combined population of 3.5 billion people, representing 45% of the

04:20world's population.

04:21The bloc's economy dominates more than 35% of the world's gross domestic product, surpassing

04:26in economic terms the group of 7G7.

04:30In terms of oil, the association currently produces more than 43 million barrels per

04:34day, which represents 44% of global crude oil production.

04:39The new BRICS Development Bank, as a multilateral financial powerhouse, reached an authorised

04:44capital of $100 billion, consolidating itself as an alternative to conventional Western-controlled

04:49financial institutions.

04:51With at least 40 states interested in joining this bloc, the BRICS are expanding their multilateral

04:56cooperation to address the world order dominated by the ambitions of the West and promote the

05:01economic and commercial inclusion of the countries of the Global South.

Russia | 2nd day of the 16th BRICS Summit concluded

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