• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Erdogan to Join BRICS Summit in Kazan This October

user avatar

by Giorgi Kostiuk

a year ago


  1. Erdogan's Attendance Confirmation
  2. Turkey's Foreign Policy Context
  3. Significance of BRICS Membership

  4. Turkish President Recep Tayyip Erdogan has confirmed that he will attend the BRICS summit in Kazan, Russia, from October 22 to 24. This was communicated by Yuri Ushakov, an aide to Russian President Vlad Putin.

    Erdogan's Attendance Confirmation

    Yuri Ushakov stated that the invite was extended to Turkey, and Erdogan’s swift acceptance demonstrates his enthusiasm about the prospect of joining the bloc. This summit in Kazan will be a significant step for Turkey towards potentially joining BRICS.

    Turkey's Foreign Policy Context

    Turkey faces a complex foreign policy situation due to stalled European Union membership talks and tensions within NATO. Erdogan’s administration is pushing for a foreign policy that avoids forcing Turkey to choose sides between the East and the West. Erdogan frequently emphasizes the engagement with both Eastern and Western nations for mutual benefit.

    Significance of BRICS Membership

    Some analysts suggest that Turkey’s increasing ties with Russia and China could strain its relations within NATO. However, others believe that Turkey’s application for BRICS membership represents its strategy to diversify its diplomatic relations and enhance its strategic autonomy. BRICS governments offer alternative investment opportunities, which could provide financial relief to Turkey. President Erdogan hopes that stronger economic ties with BRICS countries will help Turkey leverage its strategic location as a bridge between Europe and Asia.

    The expanded BRICS group now includes 11 member states with a combined population of about 3.5 billion people and an economy worth over $28.5 trillion, representing about 28% of global GDP. Russia aims to increase the role of BRICS in the international financial system and to facilitate the integration of new participants during its 2024 presidency.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ukraine Initiates Development of Large Language Model with Google's Technology

chest

Ukraine is developing a large language model using Google's technology to better understand local dialects and minority languages.

user avatarKenji Takahashi

Early Bitcoin Miner Moves 50 BTC After 15 Years of Dormancy

chest

An early Bitcoin miner has activated a dormant wallet, moving 50 BTC worth approximately $433 million, raising questions about the implications for the cryptocurrency market.

user avatarMaria Fernandez

SAILr Token Sale Launches, Connecting Crypto Investors to Amazon Revenue

chest

The SAILr token sale allows investors to earn a share of Amazon's sales revenue through a unique cryptocurrency model.

user avatarGustavo Mendoza

Other Financial Institutions Echo BofA's Crypto Sentiment

chest

Major financial institutions like BlackRock and Fidelity are recommending cryptocurrency allocations, reflecting a shift in the perception of digital assets.

user avatarRajesh Kumar

Bitcoin ETF Outflows and Macro Signals Contribute to Market Pressure

chest

Significant outflows from Bitcoin spot ETFs and global macroeconomic developments are adding pressure to the cryptocurrency market.

user avatarMiguel Rodriguez

Polymarket Receives CFTC Approval for Intermediated Trading

chest

Polymarket has received CFTC approval to operate an intermediated trading platform, enabling direct onboarding of brokerages and customers for trading in the US.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.