The Business Forum of the 15th BRICS Summit, held in Johannesburg on Tuesday, brought together leaders from the economies of Brazil, Russia, India, China, and South Africa. Taking place from August 22 to 24, the summit will be witnessing the participation of notable figures including Prime Minister Narendra Modi and Brazil’s President Luiz Inacio Lula da Silva, who were invited by South African President Matamela Cyril Ramaphosa.
Russian President Vladimir Putin opted for virtual engagement to address the assembly, choosing not to attend in person. Russia’s Foreign Minister Sergei Lavrov represented the nation at the event. Meanwhile, Chinese President Xi Jinping, though already in South Africa for his state visit, was notably absent from the crucial meeting.
This visit marks Prime Minister Modi’s third trip to South Africa, commemorating the 30th anniversary of diplomatic relations between India and South Africa. The ongoing BRICS summit, presided over by South Africa, revolves around the theme BRICS and Africa: Partnership for mutually accelerated growth, sustainable development, and inclusive multilateralism.
During the BRICS Forum, Russian President Vladimir Putin voiced criticism towards the West, condemning what he referred to as unjustified sanctions imposed on his country. Additionally, Putin issued a warning of potentially halting Ukraine’s grain exports permanently. While Putin did not physically attend the Johannesburg summit due to its virtual nature, he intended to participate remotely in the meetings.
At the BRICS Business Forum, Prime Minister Modi affirmed India’s impending role as a global growth engine. He spotlighted the nation’s economic reforms and technological progress, while also expressing India’s resolve to attain developed nation status by 2047. Modi also extended congratulations to the BRICS Business Council on its tenth anniversary, underlining its vital contribution to bolstering economic cooperation.
This year’s BRICS Summit is a notable departure from the previous three years, which had seen virtual gatherings due to the Covid-19 pandemic. The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, brings together five influential developing nations, collectively representing 41 percent of the global population, 24 percent of the global GDP, and 16 percent of the global trade. Prime Minister Modi’s visit to Johannesburg on Tuesday marks the start of a three-day trip that includes stops in South Africa and Greece.