PM Modi Wraps Up Two-Day Impactful Visit to Russia for BRICS Summit 2024 in Kazan
Team Finance Saathi
24/Oct/2024

What's covered under the Article:
- PM Modi wrapped up his two-day visit to Kazan for the 16th BRICS Summit, marking it as impactful for global cooperation.
- Modi held key bilateral meetings with Russian President Vladimir Putin and Chinese President Xi Jinping during the summit.
- The visit also strengthened India’s diplomatic and economic ties within the BRICS framework, enhancing multilateral discussions.
Prime Minister Narendra Modi concluded his impactful visit to Russia after attending the 16th BRICS Summit 2024 in the heritage city of Kazan, marking a significant moment in global diplomacy. The two-day summit saw active participation from leaders of the five major emerging economies—Brazil, Russia, India, China, and South Africa—where discussions revolved around economic cooperation, geopolitical challenges, and collective goals for the future.
Upon his arrival in Kazan on Tuesday, Prime Minister Modi was warmly welcomed by Rustam Minnikhanov, the Head of the Republic of Tatarstan, showcasing the importance of this diplomatic visit. The summit aimed to strengthen multilateral cooperation among BRICS nations and featured discussions on pivotal global issues, such as trade, sustainability, and energy security. The BRICS nations, which together account for more than 40% of the global population and nearly a quarter of the world’s GDP, focused on deepening their economic ties and addressing climate change, supply chain resilience, and other pressing matters.
During his visit, PM Modi held bilateral meetings with key leaders, including Russian President Vladimir Putin and Chinese President Xi Jinping. These discussions underscored the significance of India’s strategic partnerships with Russia and China, especially in the areas of defense, energy, and global trade. The meeting between PM Modi and President Putin was seen as an important step towards reinforcing India-Russia relations, focusing on energy cooperation, technology partnerships, and addressing global challenges like food security. Modi's interaction with Xi Jinping came at a time when both nations are looking to navigate tensions and explore avenues for improving their bilateral relationship.
The Ministry of External Affairs (MEA) of India highlighted the success of this summit on X (formerly Twitter), stating, "PM @narendramodi wraps up an impactful visit to Kazan and emplanes for New Delhi." This statement underscores how India’s leadership at the BRICS platform remains pivotal in steering discussions on sustainable development and multilateral cooperation. The BRICS framework has proven crucial in addressing global challenges, from economic recovery post-pandemic to ensuring equitable access to resources.
Key Highlights of the BRICS Summit 2024:
Strategic Economic Discussions: The leaders of the BRICS nations, including PM Modi, deliberated on boosting economic cooperation in areas like technology, innovation, and trade. The discussions also addressed supply chain disruptions and the need for resilient global supply networks, with a focus on reducing dependency on any one region.
Climate Change and Sustainability: The BRICS members reaffirmed their commitment to sustainable development, particularly in combating climate change. There was a consensus on the need for green energy transitions, and PM Modi emphasized the role of India’s renewable energy sector in supporting global efforts toward carbon neutrality.
Bilateral Diplomacy: Modi’s bilateral meetings with Putin and Xi Jinping highlighted the importance of India’s diplomatic relations with these global powers. His discussions with Putin focused on the India-Russia energy partnership, while the conversation with Xi Jinping explored ways to ease tensions between India and China and enhance trade.
The BRICS Summit 2024 has demonstrated the enduring relevance of the BRICS platform in shaping global economic policies and fostering cooperation among developing economies. The summit allowed member nations to reaffirm their shared vision of a multipolar world order, while also addressing pressing issues such as global governance, cybersecurity, and food security.
Prime Minister Modi’s visit to Kazan further solidified India’s leadership role in the BRICS community, positioning the country as a key player in global affairs. The summit concluded on a high note, with expectations of deeper cooperation in the coming years.
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