Xi-Putin BRICS 14th Summit March 2023 recently. Video & Read more here.✓>>👇

The 14th BRICS (Brazil, Russia, India, China, and South Africa) Summit was held on March 24th and 25th, 2023, in Beijing, China. The summit was chaired by Chinese President Xi Jinping and was attended by Russian President Vladimir Putin, Brazilian President Jair Bolsonaro, Indian Prime Minister Narendra Modi, and South African President Cyril Ramaphosa.Show more

The theme of this year's summit was "BRICS@25: Inclusive Development and Digital Transformation." The leaders discussed ways to further strengthen cooperation between the five countries, promote economic growth, and address global challenges such as climate change, terrorism, and the COVID-19 pandemic.

During the summit, Xi and Putin held bilateral talks, discussing various issues such as the ongoing conflict in Ukraine, the Syrian crisis, and economic cooperation. They also signed several agreements to boost trade and investment between China and Russia.

One of the major agreements signed between the two countries was a deal to increase bilateral trade to $200 billion by 2030. The two leaders also discussed the possibility of using their national currencies in trade instead of the US dollar, which would help reduce their dependence on the US financial system. They also discussed the possibility of a joint investment fund, which would help finance projects in both countries.

Another important agreement signed by Xi and Putin was related to energy cooperation. The two countries agreed to increase cooperation in the energy sector, with a particular focus on natural gas. Russia is the world's largest producer of natural gas, while China is the world's largest consumer of natural gas, making this agreement mutually beneficial for both countries.

In addition to their bilateral talks, Xi and Putin also participated in various multilateral meetings with the other BRICS leaders. They discussed ways to promote economic growth and development in the region, including the establishment of a BRICS Development Bank, which was created in 2014 to finance infrastructure projects in developing countries.

The leaders also discussed the need for greater cooperation in the field of digital technology. They agreed to establish a BRICS Digital Economy Partnership to promote the development of digital infrastructure, foster innovation, and enhance cooperation in areas such as e-commerce and 5G technology.

Overall, the Xi-Putin BRICS Summit was a success, with the two leaders signing several important agreements to deepen cooperation between China and Russia. Their discussions on economic cooperation and the use of national currencies in trade demonstrate their efforts to reduce their dependence on the US financial system. The summit also highlighted the importance of multilateralism and cooperation in addressing global challenges, such as the COVID-19 pandemic and climate change. The establishment of the BRICS Digital Economy Partnership shows the leaders' commitment to fostering innovation and promoting the development of digital infrastructure in the region.