The BRICS summit has released a final declaration that outlines a comprehensive assessment of global conditions and sets forth long-term objectives, as stated by Russian President Vladimir Putin on Wednesday.

“We have crafted a final declaration that provides an overview of the current global situation, reflects on the outcomes of Russia’s leadership within BRICS, and establishes frameworks for future collaboration. I would like to emphasize that we intend to present this document to the UN as our collective statement,” Putin remarked during an extended BRICS meeting.

In their final declaration, the BRICS nations highlighted several key points, including:

• The significance of enhancing cooperation based on shared interests and furthering strategic partnerships.
• A reaffirmation of their national stances regarding the situation in and around Ukraine.
•  Concerns regarding the detrimental effects of unlawful sanctions on the global economy. A call for increased involvement of the least developed countries, particularly in Africa, in global initiatives, and an acknowledgment of the Global South’s strong desire for unity.
•  Recognition of proposals aimed at mediating a peaceful resolution to the conflict in Ukraine through dialogue.
•  Alarm over the escalation of violence and the deteriorating humanitarian situation in Sudan, along with a call for a ceasefire.
• A reaffirmation of their commitment to multilateralism and the central role of the United Nations in the international framework.
•  An emphasis on the importance of advancing the 2025 Economic Partnership Strategy across all dimensions.
•  Support for a comprehensive reform of the UN, including the Security Council, to enhance its representativeness.
•  An endorsement of the use of national currencies for financial transactions among member states and their trading partners.
•  Opposition to unilateral actions taken under the guise of addressing climate change.
•  A condemnation of attacks on UN personnel and threats to their safety, urging Israel to halt such actions immediately.
• The formation of an Interim Presidential Council for Haiti and the establishment of an Electoral Council to address the ongoing crisis have been positively received.
• The commitment to implement measures supporting the reform of the World Trade Organization has been reiterated.
• There is a call for the reform of the Bretton Woods institutions, emphasizing the need for greater representation of developing nations.
• A representative from the UAE delegation at the BRICS summit in Kazan stated that the final BRICS declaration will serve as a significant advancement in enhancing collaboration among the organization’s members.