21 Oct 2024 12:27PM
(Updated: 21 Oct 2024 12:36PM)
Russian President Vladimir Putin hopes he has the support to take on the West's dominance of the global economy, as momentum builds to expand the BRICS counterweight bloc.
Russia, facing Western sanctions, is expected to convince its allies at an upcoming BRICS summit to adopt an alternative to the dollar for global payments.
The gathering of emerging economies will take place in the Russian city of Kazan from Tuesday (Oct 22) to Thursday.
Russia is likely to show that it is immune from Western attempts to isolate it, and persuade other members in the grouping to overhaul the global financial system.
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