BRICS counterbalance to West’s perverse methods, says Russia

KAZAN, Oct 24: Russian President Vladimir Putin on Thursday presided at the closing session of a summit of the BRICS bloc of developing economies, praising its role as a counterbalance to what he called the West’s “perverse methods.”
The three-day summit in the city of Kazan covered the deepening of financial cooperation, including the development of alternatives to Western-dominated payment systems, efforts to settle regional conflicts and expansion of the BRICS group of nations.
The alliance that initially included Brazil, Russia, India, China and South Africa has expanded to embrace Iran, Egypt, Ethiopia, the United Arab Emirates and Saudi Arabia. Turkey, Azerbaijan and Malaysia have formally applied to become members, and several other countries have expressed interest in joining.
The summit was attended by leaders or representatives of 36 countries, highlighting the failure of US-led efforts to isolate Russia over its actions in Ukraine. The Kremlin touted the summit as “the largest foreign policy event ever held” by Russia.
Speaking at what was dubbed the “BRICS Plus” session, Putin accused the West of trying to stem the growing power of the Global South with “illegal unilateral sanctions, blatant protectionism, manipulation of currency and stock markets, and relentless foreign influence ostensibly promoting democracy, human rights, and the climate change agenda.” “Such perverse methods and approaches — to put it bluntly — lead to the emergence of new conflicts and the aggravation of old disagreements,” Putin said. “One example of this is Ukraine, which is being used to create critical threats to Russia’s security, while ignoring our vital interests, our just concerns, and the infringement of the rights of Russian-speaking people.” (PTI)