In this week’s round-up: South Africa’s interference in Western Sahara; Brazil and Ethiopia face opposition at home, BRICS must prepare for dollar collapse, says Russian IMF official, and more.
BRICS members push back against South Africa’s interference in Western Sahara
Major players within BRICS have reportedly thwarted an attempt by South Africa to include the Western Sahara issue on the agenda of a recent meeting held in Moscow.
A chance to lift SA’s agricultural exports
Export opportunities for SA’s agricultural products are opening up within Brics+ countries. Over the past two years China, Saudi Arabia and Egypt have widened market access for various SA agricultural products.
UAE Investment Congress Marks Russia’s eastward shift
The role of the newly-expanded BRICS is on course to grow in importance both economically and politically, Sergey Katyrin, president of the Russian Chamber of Commerce and Industry, told Sputnik.
Agbiz hopes for more SA agricultural exports with the BRICS+ nations
The Agricultural Business Chamber (Agbiz) has said that while BRICS+ remained a political grouping with no formal trade structure, the bilateral agreements between the BRICS+ countries for increasing trade were encouraging.
At the crossroads: Brazil in the face of BRICS expansion
The option for disengagement from BRICS is gaining adherents among Brazilian diplomats and is being actively promoted by sectors of Brazilian organized civil society, especially those NGOs and think tanks that receive financial support from European and American institutions.
BRICS should be ready for dollar collapse: Russian IMF rep
The BRICS group of nations could offer an alternative currency in the event of a collapse of the dollar and the international monetary system, according to Russia’s executive director at the International Monetary Fund, Alexey Mozhin.
BRICS pushing for common currency, in bid to reduce reliance on US dollar: South African envoy
The BRICS are advancing the progress of its common currency, while actively promoting the use of local currencies from member states to reduce the risks of solely relying on the US dollar, South African Ambassador to China Siyabonga Cyprian Cwele told the Global Times.
Beefed-up Brics can help deliver intra-Africa deals and increased Russia investment
Africa ought to strengthen its relationship with Brics, expanding and diversifying trade and investment among partners, enhancing regional economic integration, collaborating on infrastructure development, technology transfer and skills development, says former diplomat.
Russian BRICS delegation lobbies in Ethiopia for alliance ahead of Moscow summit
Ethiopia’s accession to BRICS last August has been followed by mixed signals both domestically and internationally as aspirations for wider global influence are pitted against concerns over Western backlash.
