• 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

IMF Discusses Benefits and Risks of Stablecoins

chest

The IMF highlights the benefits and risks of stablecoins, emphasizing the need for regulation.

user avatarRajesh Kumar

Palantir Partners with Teton Ridge for AI Integration in Rodeo

chest

Palantir has announced a groundbreaking collaboration with Teton Ridge to integrate AI technology into the rodeo industry, enhancing athlete performance and fan engagement through real-time AI and computer vision.

user avatarLucas Weissmann

Bitcoin's Rally Fizzles Amid Market Shifts

chest

Bitcoin's rally has faltered due to forced liquidations and a shift in investor interest towards other assets, retreating nearly 30% from its peak.

user avatarFilippo Romano

WLFI Experiences Pullback Ahead of January Rollout

chest

WLFI's price has decreased despite strong fundamentals and a confirmed January rollout for its new RWA products.

user avatarEmily Carter

STBL Introduces a Groundbreaking Stablecoin Protocol

chest

STBL has launched a new stablecoin protocol that utilizes real-world assets and yield-splitting mechanisms, aiming to transform stablecoins into public infrastructure.

user avatarKaterina Papadopoulou

SUI Faces Price Weakness and Mixed Trading Landscape

chest

SUI faces price weakness but shows signs of accumulation and potential recovery as traders assess market conditions.

user avatarTomas Novak

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.