UAE’s BRICS Summit debut marks shift towards ‘concrete action’

As the 2024 BRICS Summit is starting today in Kazan, Russia, I shared comments with Tala Michel Issa for Arabian Business about how this summit, welcoming the 4 new full-fledged members UAE, Iran, Egypt and Ethiopia, could mark a significant shift from previous occurances.

“BRICS has a challenge now to morph from a loose collection of countries which could have very diverse strategic interests… into a platform that starts to propose very concrete, solid responses to the current geopolitical challenges”.

“I think this summit will probably be a major switch between the previous summits”. “BRICS starts shifting its focus on not so much condemning what the opposite side is doing, but proposing actual alternatives.”

Watch out for concrete solutions to logistics bottlenecks, energy transition and of course the elephant in the room: the de-dollarisation of international trade…

Read the full article here.

Picture credits: Arabian Business

Nicolas Michelon

Nicolas is a corporate geoeconomics and strategic & business intelligence expert with 25 years of experience in the Asia-Pacific, and more recently in the Gulf and Türkiye. A Partner at Alagan.Partners, he advises corporate executives on how to navigate the current geopolitical and geoeconomic environment, mitigate risk and develop prospective scenarios. He is also an Adjunct Professor & Guest Lecturer in geopolitics, geoeconomics and business intelligence at ESCP Business School (France), Galatasaray University (Türkiye), University Mohammed VI Polytechnic (Morocco), Ecole de Guerre Economique (Paris School of Economic Warfare) and the International University of Monaco.