In this week’s round-up:
- India denies claims leaders fell ill after BRICS summit
- Iran reports US$60 billion in trade with BRICS countries and plans to expand economic ties
- Analysis: South Africa pushed BRICS on Gaza and exposed its limits
- The BRICS bank — an alternative that wasn’t
India denies claims leaders fell ill after BRICS summit
India’s Foreign Ministry rejected viral social media claims that leaders fell ill after the BRICS summit. Meanwhile, India defended its right to buy oil from diverse sources after the US passed a new sanctions bill.
Iran reports US$60 billion in trade with BRICS countries and plans to expand economic ties
Iran conducts annual trade with BRICS countries worth around US$60 billion. This was announced by Deputy Head of Iran’s Trade Promotion Organisation Mohammad Sadegh Ghanadzadeh. His remarks were reported by IRNA, a TV BRICS partner.
Analysis: South Africa Pushed BRICS on Gaza and Exposed the Bloc’s Limits
Under growing U.S. pressure over its ICJ case and ties with Iran, South Africa is looking to BRICS for diplomatic and economic support. But the New Delhi summit could only accommodate so much.
The BRICS bank — an alternative that wasn’t
BRICS promised a new financial order through the New Development Bank, but the truth is that it remains deeply tied to the old one.
