Search: BRICS (163 materials)

 

BRICS: Between Broadening and Deepening

The most important issue of the 15th BRICS summit is, of course, the likely decisions on new members The BRICS summit in South Africa has attracted a lot of international attention — more than such regular events usually receive. Many intriguing questions fed this attention for a couple ...

21.08.2023

BRICS: Towards a Just World Order

Foreign Minister Sergey Lavrov’s Article for South Africa’s Ubuntu Magazine, August 21, 2023 Foreign Minister Sergey Lavrov’s Article for South Africa’s Ubuntu Magazine, August 21, 2023. On the eve of the BRICS Summit, I would like to share with our dear readers my thoughts on the prospects for cooperation among the group of five countries in the current geopolitical context. Tectonic shifts are taking place in the world today. The possibility of dominance ...

21.08.2023

Is Russia Losing India?

... common interests to resist the emerging bipolarity and, where possible, to mitigate its negative repercussions, with an emphasis on promoting multilateral mechanisms of international cooperation. For example, Russia, India and China are members of the BRICS and the SCO. Moscow and New Delhi should make additional efforts to ensure that these institutions are not going to evolve into “the leagues of extraordinary gentlemen”, but instead will become effective tools in the search for a common denominator ...

02.08.2023

Why is Big Capital ditching the ESG agenda?

... Swedish schools because they are stealing her childhood. In any case, she is too busy promoting Ukraine’s eco-friendly war arsenal these days. As for the child slave miners of Congo, “let them eat cake” as Marie Antoinette once allegedly said. 5. BRICS multipolar order There is a geopolitical dimension to Big Capital’s U-turn on ESG. The resource-rich sub-Saharan Africa is tilting towards the BRICS bloc, in particular China, even as the West implodes from within. A new generation of African ...

13.07.2023

How Can BRICS Take Africa Aboard?

... officially using some of the most widely spoken languages, the organization can hardly claim a truly high level of geographical, religious and linguistic representation In recent months, at least six African states have declared their desire to join BRICS. Algeria, Egypt, Nigeria, Senegal and Sudan (before commencement of the civil conflict) explicitly indicated this, while Ethiopia was the last to declare its intention in late June 2023. In total, the number of candidates for accession has reached ...

13.07.2023

Why Africa is central to BRICS global mission?

BRICS needs Africa in order for the block to follow the route of greater openness, inclusiveness and growth In 2023 South Africa is chairing the BRICS grouping and has declared that it intends to work towards closer BRICS-Africa partnership. As a member ...

02.05.2023

African Union: future role in BRICS+ and G20

... which perhaps the most important has been the AU-led creation of the African Continental Free Trade Area (AfCFTA). The African Union is in the process of accession to the core of the G20 grouping as a full-fledged member and is also a participant of the BRICS+ meetings that in turn are increasingly targeting regional groupings from the Global South. What will be the future course taken by the African Union along the North-South (G20/BRICS) axis and are there prospects for the AU to become a permanent ...

27.02.2023

Why a BRICS currency is the way forward for the Global South

... discussions on the likely changes in the configuration of the global financial system, with scenarios ranging from a bi-polar system dominated by the dollar-yuan duopoly and various multipolar scenarios, involving among other possibilities the creation of a BRICS reserve currency. And it is the prospect of the creation of R5 – the provisional name for the would-be BRICS currency (all BRICS currencies start with the letter “R”) – that is shifting into the epicenter of the increasingly heated global ...

21.02.2023

BRICS reaching out to PEAKS: the next wave of expansion

Throughout 2022 the theme of BRICS expansion has taken on notable momentum as China’s BRICS+ initiative has engendered increasing aspirations from some of the largest developing economies to join the BRICS grouping Throughout 2022 the theme of BRICS expansion has taken on notable ...

13.02.2023

From unidimensional to 3D: the contours of the post-Bretton Woods world

... international monetary system will be increasingly geared towards the creation of new regional currencies that will aspire to take on a global reserve status The start of the year 2023 was marked by a series of statements coming from representatives of BRICS countries concerning plans to create new currencies. In particular, Brazil’s President Lula called for the creation of common currencies among BRICS and MERCOSUR countries, while Russia’s Foreign Minister Sergey Lavrov stated that the creation ...

08.02.2023
 

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