from Sputnik News:
Thursday marked the fourth and final day of the 16th Summit of the BRICS bloc, held this year in Kazan, Russia. Packed with dozens of high-level meetings and bilateral talks and summarized in a 134-point joint declaration, the summit also had plenty of symbolic meaning, which observers unpacked for Sputnik.
“The BRICS Summit in Kazan is undoubtedly one of the most important global political and diplomatic events of this year as it brought together the leaders of the expanded BRICS family for the first time,” Professor Alexis Habiyaremye, a senior researcher with DSI/NRF, South African Research Chair in Industrial Development, University of Johannesburg, told Sputnik, summarizing the summit’s results as the long-anticipated event reached its final day.
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“The grouping has now become the global growth engine and its economic muscle is by any measure stronger than that of the old hegemonic grouping. One can say that it’s the official launch of the multilateral world order, the twilight of the US hegemony,” Habiyaremye said.
The Kazan Declaration, published Wednesday and featuring 134 provisions aimed at “creating a more just and democratic world order,” “enhancing cooperation for global and regional stability and security,” “fostering economic and financial cooperation” and “strengthening people-to-people exchanges for social and economic development.”
