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BRICS trade and payments systems, the Ukraine conflict, North Korean soldiers, Donald Trump and Engagement with Africa
The Russian President Vladimir Putin has given a speech summarising the activities of the 2024 BRICS Heads of State summit in Kazan, followed by a Q&A session. We provide his speech first, followed by the Q&A. Questions are marked with Q, President Putin’s responses as VP, and our analysis as RPA.
Speech
President Putin
“Ladies and gentlemen,
The 16th BRICS Summit has just concluded with great success. It marked the culmination of Russia’s chairmanship of the group and was one of the significant events on the global political calendar.
I have stated on numerous occasions that Russia has approached its BRICS chairmanship with full responsibility. Over 200 events were organised across thirteen Russian cities. Notably, numerous meetings of sectoral ministers took place, alongside various conferences, seminars, and the Business Forum. The Sports Games were also conducted very successfully.
This year, we have operated in the new expanded format and Russia as the group’s chair has made every effort to ensure that new nations join our family swiftly and seamlessly. In my view, we have succeeded in this endeavour.
The new countries have witnessed and understood that it is feasible to work and achieve results within BRICS. They have come to appreciate that the cornerstone of our group is mutual respect and obligatory consideration of each other’s interests. I can state with satisfaction that all of them are actively participating in working forums and are putting forward useful and promising ideas and initiatives.
Regarding the Kazan Summit itself, delegations from 35 countries and six international organisations participated in it, as you are already aware. Such broad representation clearly underscores the authority and role of BRICS, as well as the growing interest in cooperation with us from states that are indeed pursuing truly independent and sovereign policies.
Each of these countries has its own path of development, distinct models of economic growth, and a rich history and culture. It is obviously this civilisational diversity and unique combination of national traditions that underlie the strength and enormous potential for cooperation not only within BRICS but also within the broader circle of like-minded countries that share the group’s goals and principles.
The Summit’s agenda was quite extensive. BRICS countries have held meetings in narrow and expanded formats to discuss pressing issues of the group’s activities and prospects for expanding partnerships across three main areas: politics and security, trade and investment, and cultural and humanitarian exchanges.
Following our tradition, a BRICS Plus/Outreach-format meeting was held as well. This format has a proven track record and provides an opportunity for holding a direct and open dialogue between BRICS states and our friends and partners from the Global South and East. This year, Russia, as the current chair of BRICS, invited leaders from the CIS countries and delegations from many Asian, African and Latin American countries, as well as heads of executive bodies of a number of international organisations to attend this meeting.
We exchanged views on key international issues with a focus on the escalation in the Middle East. We also explored prospects for cooperation between BRICS states and countries from the Global South and East in the interests of inclusive sustainable development.
Most importantly, all sessions and events that I just mentioned took place in a traditionally business-like and open atmosphere fostering mutual understanding that is customary for BRICS. This constructive approach to joint work allowed us to conduct an in-depth discussion of a wide range of issues over the course of three days.
The Kazan Declaration which summed up the discussions was approved at the summit. It is a comprehensive conceptual document with a positive forward-looking agenda. Importantly, it reaffirms the commitment of all BRICS countries to building a more democratic, inclusive, and multipolar world order based on international law and the UN Charter. It also underscores our collective determination to oppose the practice of imposing unlawful sanctions and attempts to erode traditional moral values.
BRICS countries are committed to deepening partnerships in the financial sphere. We will continue to enhance interbank communication and to work on creating mechanisms for payments in national currencies that are immune to external risks.
During the Summit, we also discussed at length possible joint efforts to further stimulate investment in order to promote economic growth in BRICS states and countries of the Global South and East. We will engage, among other means, the New Development Bank led by its President Dilma Rousseff.
Russia proposed extending Brazil’s presidency and the presidency of Dilma Rousseff at this bank, since Brazil is presiding over the G20 this year, and next year it will take on the BRICS presidency. Let us face it, with the situation around Russia in mind, we believe this approach will help the institutions which we want to see developing further avoid challenges that are specific to Russia. We will manage these challenges effectively on our own.
There are promising prospects for bolstering sectoral cooperation and implementing new projects in industry, energy, logistics, high technology and many other key areas. Naturally, there is also potential for enhancing collaboration among our nations in the realms of culture, science, and sports, as well as through youth and civic organisations.
In Kazan, we reaffirmed that BRICS is not a closed format; it is open to all those who share BRICS values. The group’s members are prepared to work towards identifying joint solutions without external impositions or attempts to enforce narrow approaches upon anyone. BRICS is compelled to respond to the burgeoning demand in the world for such cooperation. Accordingly, we devoted particular attention to the matter of potential BRICS expansion through the establishment of a new category – that of partner states.
During these days, the leaders and members of the delegations engaged in numerous informal interactions. Many bilateral meetings, contacts, and discussions took place. Our delegation endeavoured to meet with leaders of the majority of the participating countries.
The Summit has now concluded. I wish to express my gratitude once again to all my colleagues, who travelled to Kazan, for their contributions to our collective efforts. I must highlight that their input was substantial.
Throughout our chairmanship, we have felt the vigorous support of our partners. This is crucial, particularly as it does not cease with the conclusion of the Summit. There are several significant joint undertakings to be completed before the year’s end. As I have previously stated, next year we shall pass the baton of chairmanship to Brazil. Naturally, we shall extend all necessary assistance to our Brazilian friends. We will continue to coordinate closely with all BRICS partners to further enhance cooperation within this framework.
Furthermore, I would like to express my sincere gratitude to the leadership of Tatarstan and the Kazan Mayor’s Office for their hospitality and efforts to create a conducive environment for our joint work.
I also wish to apologise to the residents of Kazan for any inconvenience they may have experienced, such as moving motorcades and the closure of certain highways. However, I assure you that these disruptions were not in vain. I am grateful to you for creating such favourable conditions for our work. Thank you very much.
If there are any questions, please feel free to ask.”
Q: Anton Vernitsky, Channel One.
“Mr President, could you please share the details about financial cooperation between BRICS countries? Was a common investment platform discussed? Was the creation of an alternative payment system, an alternative to SWIFT payment network, brought up?”
VP: “Speaking of SWIFT or alternatives to it, we are not creating any alternatives to anything, but settlements are, indeed, a critical issue which is why we are using our respective national currencies, which is a well-known fact. Regarding payment systems, we are using the Russian financial messaging system created by the Central Bank of Russia. Other BRICS countries also have their own systems, which we will also use, are already using and will continue to use. However, we are not inventing a separate common system, since we are doing well with what we have. All we need to do is take timely administrative decisions, which we also discussed with our colleagues, and we will continue down that path.”
RPA: We further elaborated on this issue in our article BRICS Pay Launches, Will Be A Global Payments Game Changer
Q: Ilya Yezhov, RIA Novosti.
“Mr President, the Kazan forum was the first summit for BRICS not as a five-member group but as a group with a broader geographic representation. Discussions about expanding it are underway, and your colleagues, including today, were clear about their willingness to work more closely with BRICS. The BRICS partner country format has been explored as well. Could you please share how this work is going and what is the key message that the Kazan Summit sent out regarding the further expansion of BRICS?”
VP: “I mentioned earlier that many countries are interested in joining this group. Thirty-five countries participated in the events in Kazan, and we agreed with our partners that we will approve a list of partner countries during the first phase of the potential expansion. This list has been agreed upon. Some countries that took part in the events held yesterday and today have submitted their proposals and requests for a full-fledged participation in the work of the BRICS group. Our next steps will be as follows: we will send out invitations and proposals to future partner countries for them to take part in our work in this capacity and, upon receiving positive responses, we will announce the countries on that list. It would be inappropriate to do so before we receive their responses, even though all these countries have previously filed requests.”
RPA: We have discussed the proposed new BRICS Partner country candidates in this article here.
Q: Viktor Sineok, MIC Izvestia.
“It is known that the issue of the Ukraine conflict was raised during your numerous bilateral meetings. Could you please elaborate on the context in which you discussed the developments within the special military operation zone? In your opinion, how do the partners with whom you had discussions perceive this conflict, and did they express any support for our country?”
VP: “All the parties are in favour of resolving the conflict at the earliest opportunity, preferably through peaceful means. You may be aware that the People’s Republic of China and Brazil put forward an initiative at the General Assembly in New York. Numerous BRICS nations endorse these initiatives, and we, in turn, extend our gratitude to our partners for their attention to this conflict and their pursuit of methods to resolve it.”
RPA: We have discussed the BRICS position as concerns Ukraine in this article here.
Q: Keir Simmons from NBC News.
“Mr President, satellite images are said to show North Korean troops are here, in Russia. What are they doing here and wouldn’t that be a massive escalation in the Ukraine war? And, Mr President, we are weeks away from US election. Russia again is accused of interfering, and that you have had private conversations with former President Donald Trump. Have you been speaking with him? And what have you been saying?”
VP: “Allow me to address the first part of your question. Images are a serious matter. If images exist, they indicate something. I would like to draw your attention to the fact that it was not Russia’s actions that precipitated the escalation in Ukraine, but rather the 2014 coup d’etat, supported primarily by the United States. It was even publicly disclosed how much financial support the then US Administration allocated towards preparing and orchestrating this coup. Is this not a pathway to escalation? Subsequently, we were misled for eight years with assurances that everyone sought to resolve the conflict in Ukraine through peaceful means, specifically via the Minsk Agreements. Later on, and I am certain you have heard this as well, several European leaders openly admitted that they had been deceiving us, as they had used that time to arm the Ukrainian military. Is this not the case? It is indeed. Further steps towards escalation involved Western countries actively arming the Kiev regime. What was the outcome? It led to the direct involvement of NATO troops in this conflict. We are aware of the actions undertaken and the methods employed when unmanned marine vehicles are deployed in the Black Sea. We know who is present there, from which European countries – NATO members they are, and how they conduct these operations. The same applies to military instructors, not mercenaries, but military personnel. This also pertains to the deployment of high-precision modern weaponry, including missiles such as ATACMS, Storm Shadow, and so on. Ukrainian servicemen cannot execute these operations without space reconnaissance, target indication and Western software – requiring the direct involvement of officers from NATO countries.
With regard to our relations with North Korea, you may be aware that the Treaty on Strategic Partnership was ratified, I believe, just today. It has Article 4, and we have never doubted the fact that the DPRK leadership takes our agreements seriously. However, it is up to us to decide what we will do and how we are going to do it, and we will act in accordance with this article. First, we need to hold talks regarding the implementation of Article 4. However, we will be in contact with our North Korean friends to see how this process unfolds.
In any case, the Russian army is acting confidently on all fronts, which is a well-known and undisputed fact. It is advancing on all sections of the frontline. Active operations are underway in the Kursk direction as well. A portion of the Ukrainian forces that invaded the Kursk Region, about 2,000 troops, has been blocked and encircled. Attempts are being made to break this group free from the outside and from within, but they have remained unsuccessful so far. The Russian army has begun an operation to eliminate this group.
With regard to contacts with Mr Trump, this issue has been making headlines for years now. At one point, Mr Trump and Russia were accused of being connected. However, after an investigation conducted in the United States, everyone, including US Congress, concluded that it was utter nonsense and that nothing of the kind ever happened. There were no contacts back then, and there are none now.
Russia-US relations after the elections depend primarily on the United States. If the United States is open to building normal relations with Russia, we will do the same. If not, so be it. This is up to the future Administration.”
RPA: In which Putin essentially states that North Korean troops are deployed in Russia although he doesn’t specify in what capacity. He compares that with undercover NATO troops being deployed in Ukraine and possibly in Kursk. As regards US media gossip about Trump, he is dismissive.
Q: Pavel Zarubin, Rossiya TV channel.
“May I follow-up on your conversations with Mr Trump? The former US President, now a candidate for the US Presidency, has claimed that during one of his telephone conversations with you, he supposedly threatened to strike the centre of Moscow. Is there any truth to this assertion? Furthermore, is it possible to threaten you at all? Do threats have any impact on you? How do you perceive the fact that, in the current landscape of high-level politics, conversations between leaders are increasingly being exposed to the public domain, if that story is true? Additionally, if I may, a question regarding BRICS Summit: do you currently feel isolated? Do you perhaps miss engaging with your Western counterparts?”
VP: “Regarding the first part of your question, as to whether it is possible to use threats. Well, you can threaten anyone. However, it serves no purpose to threaten Russia, as it merely strengthens our resolve. I do not recall having such a conversation with Mr Trump. This is undoubtedly a very intense phase of the electoral campaign in the United States, and I would advise against taking statements of this nature too seriously. However, what Mr Trump has recently expressed, which I have heard, is his wish to do everything possible to bring an end to the conflict in Ukraine. I think he is sincere about that. Statements of this nature, regardless of their origin, are certainly welcomed by us.
You know, we receive various signals from our Western partners concerning potential contacts. We have not isolated ourselves from such engagements. When it is alleged that we refuse, or I refuse, to engage in conversations or maintain contacts, including with European leaders, I must clarify that this is untrue. We do not refuse, we have never refused, and we are not refusing now. If anyone wishes to restore relations with us, they are welcome to do so. We constantly repeat this, although we do not impose ourselves upon others.
As you can observe, we continue to live and work normally, and our economy is developing. Last year, our growth was between 3.4 to 3.6%. This year, it is projected to be around 4%. Meanwhile, the Eurozone’s economy is on the verge of recession. In the United States, there is growth, estimated at about 3.1 to 3.2%, which is not bad. However, they also face significant challenges, including deficits in three major areas: foreign trade deficit, payments deficit, and a huge debt, which, I believe, stands at US$34 trillion.
We, too, encounter challenges, but it is preferable that we refrain from disputes or conflicts and instead focus on how to address these issues collaboratively. This is precisely what we are doing within the BRICS framework.”
RPA: Putin distancing himself from anything related to Trump or the US elections, stating he is instead more focused on the Russian economy.
Q: A journalist from Cameroon
“Our team is just back from Donbass. We are putting together a documentary to show how things really are in Donbass and to tell everyone what it means for Africa. We are aware of the fact that many African countries have fallen victims to terrorism and other destabilising actions. At the same time, we see Russia helping the Central African Republic and other Sahel countries. Before Russia’s involvement, other countries were present there, but only after Russia had come in the situation stabilised in many of these countries. So, my question is: is it not time for Russia to deepen this kind of partnership with African states not only in the military sphere, but in other spheres as well?”
VP: “I fully agree with you. This is the point of our cooperation with BRICS partner countries. Creating an investment platform within BRICS is precisely the goal of our efforts. We believe that in the near future – I have just spoken with my colleagues at the conclusion of today’s Summit – our experts suggest that the economies of countries like Russia, China, Saudi Arabia, and others will develop at a steady and positive pace. However, there are regions around the world where growth will go at a very fast pace. These are primarily South Asian and African countries. This is exactly why we, within BRICS, are addressing the issue of creating a new investment platform using the latest electronic tools. The goal is to create a system that could – surprisingly enough it is an achievable goal – be non-inflationary and to create proper conditions for investing in efficiently and quickly developing markets worldwide, especially in Africa.
Why do we think that? I believe many will agree with me. There are several reasons for that.
First, these countries are experiencing significant population growth. In Africa. Yesterday, I spoke with the Prime Minister of India. They have a yearly population growth of ten million people. That means ten million more people in India every year. Africa is growing rapidly as well.
Second, these regions of the world are less urbanised, but urbanisation will definitely ramp up, and both people and countries will strive to catch up with the living standards in other regions of the world, including Europe.
All of that, and some other factors, shows that growth rates, and capital accumulation will happen as well, and is already happening. All of this suggests that we should focus on these regions around the world.
In BRICS, are trying to create a working group at the BRICS New Development Bank in order to develop mechanisms for effective and reliable investment in these countries. I believe this will benefit everyone, including the investors and the recipient countries. New production facilities will be created, which will be efficient and ensure return on investment.
To achieve this, we need to create tools that are immune to external risks, especially those of political nature. I think we can do this. This is the path we will follow.”
RPA: An interesting question from an African war correspondent, which is unusual in itself. Putin uses the security and trade issue to highlight the importance of BRICS to Africa, and vice-versa. Putin is correct in that future growth is in regions such as Africa and is adamant that the BRICS is correct to engage with it. Paradoxically, this is at the same moment that European colonial influence in Africa is waning, meaning that BRICS is in the right place at the right time. A side element to this question not discussed is the African security aspect with Russia involved in troop deployments to maintain peace in several African countries following recent military coups and other political disturbances. Terrorism is also a problem, especially in the Sahel. An unanswered point is whether the Shanghai Cooperation Organisation, which is more security focused than BRICS, yet also includes China, India and Iran amongst others may yet in future play a communal role in African security or whether Russia will continue to dominate this aspect.
