BRICS round-up 18 October 2024

In this week’s round-up: Russia prepares for biggest summit yet; Putin says BRICS will drive global growth; Iran to join BRICS bank; Foreign capital from BRICS countries into Nigeria surges by 189% in six months; Russia sent 78% of oil exports to two BRICS countries – India and China in 2023; Bahrain applied to join BRICS at last summit — envoy.

Art exhibition of BRICS countries to be held in Italy

The Russian House in Rome is holding an exhibition that is organized with the assistance of the Russian Embassy in Italy, presenting works by authors from the BRICS countries.

Young poets from BRICS countries gather in China to enhance cultural exchanges

A poetry session was recently held at the Mutianyu section of the Great Wall in Beijing, during which poets from BRICS countries recited their original poems in their respective languages.

BRICS Summit in Kazan to host 24 leaders, 32 countries

The upcoming BRICS summit in Kazan, Russia, will host leaders from 24 countries and delegations from a total of 32 nations, according to Russian presidential aide Yury Ushakov. The event, which will take place from October 22-24, is expected to be the largest foreign policy event ever held in Russia.

West may wage hybrid wars against BRICS — expert

Western countries will try to contain the strengthening of BRICS in international relations by launching hybrid wars and conflicts, Argentina’s Pagina12 news outlet reported.

Foreign capital from BRICS countries Into Nigeria surges by 189% in six months

In the first half of 2024, Nigeria’s foreign capital inflows from BRICS countries increased by 189% as the country continues to work to gain membership in the enlarged BRICS alliance.

BRICS summit in Kazan to mark emergence of new global order — media

The upcoming BRICS summit in Kazan, scheduled for October 22-24, will signify the emergence of a multipolar world order to replace the dominance of Western countries, the Nicaraguan 19Digital website said.

Brazil open to BRICS expansion, supports phased membership for new states — top diplomat

BRICS countries will discuss the feasibility of the group’s further expansion at its upcoming summit in Kazan on October 22-24, Brazilian Foreign Minister Mauro Vieira said.

Iran going to join BRICS New Development Bank — CB Governor

Iran thinks high of the role of the BRICS New Development Bank (NDB) in the association and is going to become its member, Governor of the Central Bank of Iran Mohammad Reza Farzin said after the BRICS Finance Ministers and Central Bank Governors Meeting in Moscow.

Bahrain applied to join BRICS at last summit — envoy

At the last BRICS summit, Bahrain made a bid to join the alliance, Ambassador of Bahrain to Moscow Ahmed Abdulrahman Al-Saati revealed to TASS.

Venezuela’s accession to BRICS to deepen group’s ties with Latin America — diplomat

In case of Venezuela’s accession to the group, BRICS will get an opportunity to increase cooperation with the countries of Latin America and the Caribbean, Venezuelan Deputy Foreign Minister Coromoto Godoy Calderon stated.

Russia sent 78% of oil exports to two BRICS countries – India and China in 2023

In 2023, Russia increased the share of its oil exports to two BRICS partners – India and China – to 78% against 32% in 2021, according to the report “BRICS+ Energy: Engine of the New World Order” of the Valdai International Discussion Club, authored by Deputy Head of the National Energy Security Fund Alexey Grivach. At the same time, the BRICS countries have yet to create a system of payment for energy resources that will not be vulnerable to US sanctions.

BRICS drives global economic growth: President Putin

Russian President Vladimir Putin participated in the opening of the BRICS Business Forum in Moscow, where he emphasised the importance of the economic cooperation group led by Brazil, Russia, India, China, and South Africa.

BRICS’ further growth to be almost independent from outside influence — Putin

The further growth of BRICS will depend less and less on outside influence, which is true sovereignty, Russian President Vladimir Putin said, addressing the BRICS Business Forum.

 

 

 

 

 

 

 

 

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