• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
LeadershipRussia
Asia

Over 20 world leaders head to Russia for BRICS summit as Putin tries to rival west

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
October 22, 2024, 6:37 AM ET
Russia's President Vladimir Putin gives a speech during a BRICS business forum in Moscow on Oct. 18, 2024.
Russia's President Vladimir Putin gives a speech during a BRICS business forum in Moscow on Oct. 18, 2024. SERGEI BOBYLYOV—POOL/AFP via Getty Images

Two dozen world leaders  gathered in Russia on Tuesday for the opening of a three-day summit of the BRICS group, an alliance of emerging economies that the Kremlin hopes will challenge Western “hegemony”.

With the summit, the biggest such meeting in Russia since it ordered troops into Ukraine, President Vladimir Putin is seeking to show Western attempts to isolate Moscow over the two-and-a-half-year offensive have failed.

Chinese leader Xi Jinping, Indian Prime Minister Narendra Modi and Turkish President Recep Tayyip Erdogan — all key partners for Russia — are scheduled to join the gathering, hosted in the western city of Kazan from October 22 to 24.

Putin, Modi and South African President Cyril Ramaphosa have already arrived in Kazan, Russian media reported, while Chinese state broadcaster CCTV said Xi had landed.

Moscow has made expanding the BRICS group — an acronym for core members Brazil, Russia, India, China and South Africa — a pillar of its foreign policy.

The main issues on the agenda include Putin’s idea for a BRICS-led payment system to rival SWIFT, an international financial network that Russian banks were cut off from in 2022, as well as the escalating conflict in the Middle East.

The Kremlin has touted the gathering as a diplomatic triumph that will help it build an alliance to challenge Western “hegemony”.

Ahead of the meeting, Modi praised what he called the “special and privileged strategic partnership” between Moscow and New Delhi, and said issues including climate change would be on the agenda.

‘Multipolar world’

The United States has dismissed the idea that BRICS could become a “geopolitical rival” but has expressed concern about Moscow flexing its diplomatic muscle as the Ukraine conflict rages.

Moscow has been steadily advancing on the battlefield in eastern Ukraine this year while strengthening its ties with China, Iran and North Korea — three of Washington’s adversaries.

By gathering the BRICS group in Kazan, the Kremlin “aims to show that not only is Russia not isolated, it has partners and allies,” Moscow-based political analyst Konstantin Kalachev told AFP.

The International Criminal Court (ICC) issued arrest warrants for Putin in 2023 over the illegal deportation of children from Ukraine, and the Russian leader abandoned plans to attend the previous summit in ICC member South Africa.

This time round, the Kremlin wants to show an “alternative to Western pressure and that the multipolar world is a reality,” Kalachev said, referring to Moscow’s efforts to shift power away from the West to other regions.

Security

Putin is set to individually meet Modi and Xi as well as the leaders of South Africa and Egypt on Tuesday, followed by separate talks with Erdogan and Iran’s President Masoud Pezeshkian on Wednesday.

UN Secretary General Antonio Guterres is also undertaking his first trip to Russia since April 2022 to attend the summit. He will sit down with Putin on Thursday, according to a programme shared by Ushakov.

Ahead of the summit, AFP journalists in the city reported heightened security measures and a visible police presence.

The surrounding Tatarstan region, which is some 1,000 kilometres (620 miles) from the border with Ukraine, has previously been hit by long-range Ukrainian drone attacks.

Movement around the city centre is being limited, residents advised to stay home, and university students moved out of dormitories, local media reported.

Emboldened

The West believes Russia is using the BRICS group to expand its influence and promote its own narratives about the Ukraine conflict.

Ukrainian President Volodymyr Zelensky has warned other countries could feel emboldened if Putin wins on the battlefield in Ukraine.

Starting with four members when it was established in 2009, BRICS has since expanded to include several other emerging nations such as South Africa, Egypt and Iran.

But the group is also rife with internal divisions, including between key members India and China.

Turkey, a NATO member with complex ties to both Moscow and the West, announced in early September that it also wanted to join the bloc.

Brazilian President Luiz Inacio Lula da Silva cancelled his planned trip to the summit at the last minute after suffering a head injury that caused a minor brain haemorrhage.

About the Author
By AFP
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

gf
SuccessEntrepreneurship
Meet the 32-year-old who is America’s only full-time spelling bee coach — he charges up to $180 per hour
By Ben Nuckols and The Associated PressMay 23, 2026
14 hours ago
d
HealthHospitals
Meet the hospital dogs ‘making a real difference’ by getting sick kids to smile
By Laura Ungar and The Associated PressMay 23, 2026
15 hours ago
Mel Robbins
SuccessGen Z
Millionaire podcaster Mel Robbins hits back at Gen Z’s lazy label—she says they’re stuck in a world their baby boomer parents wouldn’t even recognize
By Emma BurleighMay 23, 2026
17 hours ago
Is a college degree still worth it? Here are 3 things it can teach you that AI can’t do
Future of WorkColleges and Universities
Is a college degree still worth it? Here are 3 things it can teach you that AI can’t do
By Jake AngeloMay 23, 2026
17 hours ago
employees
CommentarySuccession
Millions of business owners are about to retire. They should sell to their employees
By Matt Helmer and Maxwell JohnsonMay 23, 2026
19 hours ago
Ashley Yetman
Commentarydisruption
Everyone is blaming AI for the death of ‘craft.’ Take a good look in the mirror
By Ashley YetmanMay 23, 2026
19 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
3 days ago
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
Success
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
2 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
2 days ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
2 days ago
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
Investing
Elon Musk's SpaceX IPO filing just told us what business he's betting on for the future—and it's not rockets
By Shawn TullyMay 23, 2026
23 hours ago
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
Future of Work
Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics
By Mike Householder and The Associated PressMay 17, 2026
7 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.