ABU DHABI (The Thursday Times) — The President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan is set to embark on a significant official visit to the Russian Federation on 21st October 2024 for the 16th BRICS summit, taking place in the Russian city of Kazan. The visit will nurture the growing strategic partnership between the United Arab Emirates and Russia, with key discussions on the agenda focusing on enhancing cooperation in critical sectors such as economy, trade, investment, and energy.
The UAE has long enjoyed a robust relationship with Russia, and this visit aims to further cement those ties through new collaborations and agreements. The talks between Sheikh Mohamed and Russian President Vladimir Putin are expected to foster stronger economic cooperation, given both nations’ interest in expanding trade volumes and deepening energy cooperation. Energy, particularly oil and gas, remains a vital pillar in the relations between the two countries, with both being major players in global energy markets.
Focus on economy and trade
Economic and trade relations between the UAE and Russia have grown steadily in recent years. With this visit, the UAE is looking to further boost bilateral trade, investment, and economic partnerships. The two nations have already seen increased exchanges in technology, tourism, and food security, but there are many untapped opportunities that this visit aims to explore.
Sheikh Mohamed’s visit is expected to result in discussions around new trade routes, investments in infrastructure, and financial cooperation. The UAE’s pivotal role as a logistics hub linking East and West positions it as an essential partner for Russia, especially in light of global economic shifts and challenges. The economic discussions will also look at potential investment in both nations’ renewable energy sectors as they focus on sustainable growth.
Regional and international cooperation
Beyond economic concerns, the visit will also serve as a platform for regional and international collaboration. The UAE and Russia often find common ground on geopolitical issues and share perspectives on stabilising the Middle East, Central Asia, and beyond. As the two leaders discuss international concerns, topics such as security, peacebuilding efforts, and global stability are likely to dominate the talks.
Additionally, the ongoing conflict in Ukraine and its global repercussions could also feature in the conversation, with the UAE playing an increasingly prominent role in international diplomacy. Both nations have shown a keen interest in fostering dialogue and cooperation in the broader region, with the UAE positioning itself as a key mediator in global issues.
UAE’s first BRICS Summit participation
Following the bilateral talks, Sheikh Mohamed will attend the 16th BRICS Summit, marking the UAE’s first participation as a full member of the group. The summit, hosted in Kazan from 22nd to 24th October, is a significant moment for the UAE, as it joins Brazil, Russia, India, China, and South Africa in a forum that represents the world’s fastest-growing economies.
The UAE’s inclusion in BRICS is a testament to its growing influence on the global stage. As a BRICS member, the UAE aims to further diversify its global partnerships and create new economic and diplomatic alliances. At the summit, Sheikh Mohamed is expected to highlight the UAE’s strategic vision, its role as a global trade hub, and its commitment to fostering partnerships that drive sustainable growth across different regions.
Energy cooperation at the heart of discussions
Energy is set to be a major topic of focus during both the bilateral talks with Russia and the BRICS Summit. As global demand for energy fluctuates, both Russia and the UAE are seeking ways to strengthen cooperation in oil and gas production, while also investing in cleaner, more sustainable energy sources.
The UAE, with its ambitious clean energy targets, is expected to discuss potential collaborations in renewable energy, particularly with BRICS countries, as part of its broader strategy for a low-carbon future. This visit offers both nations a platform to align their energy strategies and explore new avenues for cooperation in this crucial sector.
