10/24/2024–|Last updated: 10/24/202403:56 PM (Mecca time)
Tehran- For the first time since his country officially joined the BRICS group at the beginning of this year, Iranian President Masoud Pezeshkian participates in the activities of the bloc’s summit, which is held in the city of Kazan, Russia, and bears the number 16 under the slogan (Promoting Multilateralism for Just Global Development and Security).
During his visit to the northern neighbor, Pezeshkian headed a high-ranking Iranian delegation consisting of Economy Minister Abdel Nasser Hemmati, Oil Minister Mohsen Paknejad, Head of the Presidential Office Mohsen Haji Mirzaei, and Assistant for Political Affairs Mohammad Mehdi Sanai, to be joined by Foreign Minister Abbas Araghchi.
Iran officially joined the BRICS group in August 2023.
The political assistant in the Iranian presidential office, Mohammad Mehdi Sanai, said that President Pezeshkian’s schedule includes delivering 3 speeches during the various meetings of the BRICS group, in addition to holding bilateral meetings with the presidents of Russia, China, India, Egypt, and other leaders to discuss strengthening bilateral relations.
In a post on the
Iranian agenda
Iranian political economy researcher, Peyman Yazdani, says that the 2024 Kazan summit takes on a political character amid the economic aspirations set for this economic bloc, explaining that the 16th session of the BRICS summit is being held at a very precise time in light of the escalating tension in the Middle East and Eastern Europe, as well as in East Asia.
In an interview with Al Jazeera Net, Yazdani adds that BRICS leaders are required to take economic decisions to confront Western policies that take their financial and economic institutions as a tool to pressure the eastern powers and leaders of the group, explaining that President Pezeshkian will raise with his counterparts participating in the Kazan Summit the necessity of putting an end to the escalating conflict in the Middle East. Economic development will not come from the barrels of rifles.
Yazdani continued that in light of the persistent efforts led by the United States and its European partners to form a new world order that suits the Western agenda, the BRICS group will be concerned with taking a unified position on international issues, resolving pressing crises, and ensuring sustainable development for humanity in the 21st century.
Strengthening cooperation
Yazdani believes that the BRICS countries, in which nearly half of the planet’s population lives, constitute a large market. The opportunity available through this economic bloc must be exploited to enhance Tehran’s cooperation with other members. He expects the Iranian president to discuss in his bilateral meetings the implementation of previously concluded agreements and the strengthening of economic cooperation. With all members.
He says that his country may be one of the most affected by the American sanctions and European pressures to deprive it of global channels for financial exchanges, most notably the global SWIFT system and the control and monitoring of financial flows in the American currency. He stressed that Tehran has been working for years to reduce dependence on the dollar in its commercial exchanges in preparation for getting rid of… His dominance is final.
Yazdani concluded that full membership in BRICS carries very great importance for Iran in the context of its political attempts to create a multipolar world, as the bloc is the second largest economic group after the Group of Seven industrialized countries, stressing that Tehran sees the emerging economies in the BRICS group as a valuable opportunity to strengthen its national economy.
Global solutions
For his part, the economic researcher, Ali Mohammadi, says that the BRICS group’s intention to launch its unified system for financial transfers (BRICS Pay), which is based on Block Chain technology, is a practical step to dispense with the dollar in transactions and limit the influence of Western financial institutions, most notably the SWIFT system, which is under the control of the government. American, as he described it.
In an interview with Al Jazeera Net, he expected Iran to do everything in its power to strengthen the BRICS remittance system and undermine the ability of the US dollar, which Washington has long used as an economic weapon against independent countries.
He pointed to international economic estimates that indicate that 4 BRICS countries – China, India, Russia and Brazil – will be among the 10 strongest economies by 2050.
Mohammadi added that the United States will not be first on the list of the world’s strongest economies by 2050, according to estimates, but will fall to third place, saying that the BRICS Development Bank will replace the International Monetary Fund, which Western countries exploit to extend their influence over other countries.
Break the dominance
He believed that the world is moving towards multipolarity, in which the US dollar is likely to lose its value, but not overnight. He pointed out that launching a payment system parallel to the SWIFT network and a special bank for BRICS members, in addition to launching a unified currency or expanding the exchange of payments in national currencies, will accelerate the pace of removing… Dollarization.
According to Mohammadi, while Washington uses the green currency as a tool to implement its unjust sanctions against Eastern peoples, not caring that the American public debt has reached astronomical levels, the payment system not linked to the dollar will constitute a practical step to get rid of the American control system over financial exchanges and get out of the control of other Western banking systems.
He noted that Iran and Russia have been linked to their electronic financial transfer systems over the past few years, and the necessity of implementing this practical experience aimed at reducing dependence on the green currency among all BRICS members to break the thorn of American hegemony.
