by Brookings Institution
What we can expect to see out of the Ufa Summit of BRICS are two things. First, the members will do the exact opposite of isolating Russia; they'll be on stage with Putin and they'll refrain from any public criticism of his strategy in Ukraine. They aren't particularly happy with his strategy there - but their view is: This is not our problem. Second, BRICS will double down on their pitch for a greater role in global economic governance. China, frustrated by the slow pace and lack of weighted voting in the BRICS Development Bank - now the New Development Bank (NDB), which emerged from several years of negotiations - has moved out on its own, very successfully, with the Asian Infrastructure Investment Bank. Still, the BRICS' slowing collective growth lends
all the more urgency to their concern to increase their voice and decision-making role in the global economy.