European countries and leading non-western economic powers discuss global challenges and expansion at separate meetings
Two major economic integration organizations – the European Union and BRICS – are holding key summits this week. EU member states’ leaders will gather in Brussels on Thursday for a two-day meeting, while BRICS countries will hold a virtual meeting hosted by China on the same dates.
The situation in Ukraine and its bid to join the Union are at the top of the EU summit agenda. European leaders will discuss economic crises around the world and how they affect the continent, as well as key foreign policy issues.
Meanwhile, Beijing this week will host the 14th BRICS emerging economies summit, which will bring together Brazil, Russia, India, China and South Africa. Member States will prepare plans for closer cooperation on the economy, security and public health, and set goals to revitalize the global economy in the wake of the Covid-19 pandemic.
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Beijing, which holds the rotating presidency of BRICS, has called for expansion of the group by including Argentina as a full member. The Latin American nation has expressed its desire to join BRICS and will attend the summit.
The virtual meeting of BRICS leaders will be the most high profile international event for Russian President Vladimir Putin since he ordered an attack on Ukraine in February. While Western countries have tried to punish Moscow with economic sanctions, Russia has prioritized trade with countries like China and India to mitigate the impact of Western trade restrictions.
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