Western leaders from Europe are facing jitters as the BRICS 2024 summit is held in the Kazan region of Russia. Talks of isolating Russia through sanctions have failed as representatives from over 40 countries are participating in the outreach. Policies about de-dollarization, ending reliance on the Euro and Pound, and pushing local currencies for trade will be discussed in the three-day summit.
Also Read: BRICS De-Dollarization Begins: 40 Countries To Attend 2024 Summit
The Western world is closely watching the BRICS 2024 summit as the new policies could affect their trade and global dominance. This could put them in an uncomfortable situation as the decision to alter global finances is no longer in their hands. Developing countries are in the driver’s seat pushing the West in the rear seat on decision-making.
Also Read: Russia Discusses BRICS Currency Before 2024 Summit
BRICS 2024 Summit Gets Reaction From Former Western Leaders
The former Prime Minister of Italy, Enrico Letta, said that the BRICS 2024 summit shows how fragmented European countries are. He took to X highlighting that no developing countries must condemn or send “us to irrelevance.” The former Western leader urged European countries in the EU to integrate and scale in for their own good.
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“The BRICS Summit is telling us we have to integrate and scale in the EU. As fragmented European countries our size condemns us to irrelevance. Presenting at EU parliament in Strasbourg the Report “Much More than a Market,” he tweeted.
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Patrick, a senior researcher at a think tank told EuroNews that BRICS is a united lot against its common enemy. “It’s an informal club, they’re mostly united in the sense of what they’re against,” said the researcher. “The whole thing looks really impressive on a big map of the world, but in terms of its unity, I think, where you would have to scratch your head and look twice,” he added. The BRICS 2024 summit will end on October 24.
