In this week’s round-up: White House dismisses concerns about UAE’s possible resale of US microchips to BRICS
No BRICS asset pile big enough to rival dollar, Brazil central bank director says; India, other BRICS nations call for increased concessional financing for low-carbon energy transition; US wants to exploit bases in Brazil and provoke the country over its role in BRICS; BRICS criticize sanctions and trade restrictions as threat to energy security
BRICS bank NDB admits Algeria as new member; India calls for scrapping export controls among BRICS nations
Support Thailand’s accession to BRICS: President Prabowo
President Prabowo Subianto expressed his support for Thailand’s bid to join BRICS, a group of emerging economies comprising Brazil, Russia, India, China, and South Africa.
BRICS message to ‘ring hollow’ if Pakistan remains ‘blocked by India’: envoy Khalil Hashmi
Pakistan’s ambassador in Beijing says China – and Trump – welcome to mediate Kashmir conflict
Lavrov says BRICS is key platform for global majority
In a recorded address to the 2nd BRICS Women’s Entrepreneurship Forum, Russian Foreign Minister Sergey Lavrov described BRICS as a pivotal platform for unifying the objectives of the global majority.
Malaysian PM: BRICS represents new initiative within the Global South
The Malaysian Prime Minister, Anwar Ibrahim, shared the country’s plans to boost the economy and strengthen regional cooperation in an exclusive interview with TV host and director of TV BRICS International Cooperation Department, Darya Ivankova.
BRICS Women’s Entrepreneurship Forum opens in Russia
The event began with a welcoming speech by Russian Foreign Minister Sergey Lavrov, who stressed the role of the Brics as a center for the coordination of interests of the countries of the global majority and highlighted the contribution of women to the development of the economies and the social sphere of the participating states.
US wants to exploit bases in Brazil and provoke the country over its role in BRICS
The plan by American diplomats to achieve rights for the United States to use Brazilian military bases is a radical maneuver and a political provocation against Brazil, particularly given its relationship with BRICS partners, especially China.
India calls for stronger BRICS cooperation to ensure global energy security
Indian Power and Housing Minister Manohar Lal led the country’s delegation at the BRICS Energy Ministers’ Meeting held in Brasília under Brazil’s presidency.
During the meeting, the Minister emphasised energy security as a critical global challenge and called for strengthened cooperation among BRICS nations to ensure economic stability, sustainability, and equitable access to energy resources worldwide.
White House dismisses concerns about UAE’s possible resale of US microchips to BRICS
White House Press Secretary Karoline Leavitt stressed that the agreement on cooperation on artificial intelligence signed between the US and the UAE last week contains appropriate “security guarantees”.
India, other BRICS nations call for increased concessional financing for low-carbon energy transition
India along with BRICS countries has called for increased concessional and low-cost financing from developed nations to help emerging nations transition towards low-carbon energy usage. Union Minister for Power Manohar Lal is leading a delegation to attend the BRICS Energy Ministers’ Meeting which began on May 19 in Brazil.
No BRICS asset pile big enough to rival dollar, Brazil central bank director says
Brazil’s central bank does not see any realistic prospect of emerging nations in the BRICS group creating markets large enough to topple the U.S. dollar’s dominance within the next 10 years, monetary policy director Nilton David said.
Indonesia invites BRICS countries to invest in renewable energy sector
Indonesia’s Deputy Minister of Energy and Mineral Resources (ESDM) Yuliot Tanjung has offered opportunities for BRICS member countries to invest in the new and renewable energy sector in Indonesia. The investment offer in renewable energy was conveyed by him while attending the BRICS forum held in Brasilia, Brazil.
BRICS democracies are losing leverage
To increase their bargaining power, Brazil, India, and South Africa should resurrect a dormant diplomatic forum.
BRICS criticize sanctions and trade restrictions as threat to energy security
BRICS countries said that restrictions on energy trade and investment threaten energy security and efforts to cut emissions, in a communique released following a meeting of energy officials in Brasilia May 19.
BRICS bank NDB admits Algeria as new member
The New Development Bank (NDB), established by BRICS nations, has admitted Algeria as a new member, further expanding its global membership base.
India calls for scrapping export controls among BRICS nations
India has called for the dismantling of export controls among BRICS members at a meeting of Trade Ministers held under the presidency of Brazil, with the theme, “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance”, according to an official statement.
