In this week’s round-up: 25 Nations waiting to join BRICS; BRICS finance ministers, central bank governors to meet in Russia in Oct; South Africa might leave BRICS if opposition is elected; and more on Saudi Arabia and other stories.
Lula confirms trip to Russia for BRICS leaders summit
Brazil’s President Luiz Inácio Lula da Silva will travel to Russia to participate in the next summit of leaders of the BRICS, which will be held in October, in the city of Kazan. This will be Lula’s first trip to the country since assuming his third term in 2023.
25 Nations waiting to join BRICS: South African envoy
Twenty-five countries are currently on the waitlist to join the BRICS group of emerging economies, with new members expected to be ushered into the club at the Summit in Kazan.
BRICS countries can prevent Western-provoked catastrophe
Aleksei Malenko, the consul-general of Russia in Cape Town, believes that Ukraine was doomed to sacrifice itself for the geopolitical ambitions of the West.
BRICS finance ministers, central bank governors to meet in Russia in Oct
The first such meeting in the year of Russia’s BRICS chairmanship was held in Sao Paolo, Brazil on Tuesday, where Finance Minister Anton Siluanov presented proposals to improve the international monetary and financial system and create independent infrastructure to “strengthen the autonomy and financial sovereignty of developing countries.”
BRICS countries need own independent settlements system ‘outside of politics’ – Siluanov
BRICS countries need to build their own system for foreign trade settlements that would be efficient and inexpensive, as well as not dependant on political factors, Russian Finance Minister Anton Siluanov said.
Saudi Arabia yet to finalise BRICS membership, South African diplomat confirms
“Saudi Arabia is still going through its own processes,” South African Ambassador to Russia Mzuvukile Geoff Maqetuka told the Russian news agency Tass.
South Africa might leave BRICS if opposition is elected
Speculation about a potential shift in South Africa’s foreign policy direction has emerged, with implications for its membership in BRICS depending on the results of elections. Ambassador of South Africa to Russia, Mzuvukile Jeff Maqetuka, shed light on this matter in an interview with TASS.
Minister of Finance to review Egypt’s economic vision at BRICS meetings
Minister of Finance, Mohamed Maait, will be participating in the upcoming meetings of the BRICS Finance Ministers and the Board of Governors of the New Development Bank. During these discussions, he will reassess Egypt’s approach to global economic challenges.
