BRICS round-up 31 July 2024

In this week’s roundup: Russia’s top senator announces progress on BRICS digital payment system; China supports Malaysia’s Brics application; BRICS not anti-West, says Malaysian foreign minister; BRICS says no to trade barriers.

Malaysia Sends Letter of Application to Join BRICS to Russia – Prime Minister

Malaysian Prime Minister Anwar Ibrahim said on Sunday that the country had sent a letter of application to join BRICS, expressing readiness to become the group’s strategic partner.

PM Anwar and Russia’s Lavrov discuss Malaysia’s Brics bid, bilateral ties and Palestine recognition

Prime Minister Datuk Seri Anwar Ibrahim received Russian Foreign Minister Sergey Lavrov at Seri Perdana in Putrajaya during the latter’s two-day official visit to Malaysia.

BRICS countries account for 35% of global GDP — Russian MFA

BRICS countries account for 35% of global GDP, while G7 states account for 30% of global GDP, Russian Deputy Foreign Minister Alexander Pankin said.

El Salvador May Apply to Join BRICS in 1-2 Years – Russian Diplomat

MOSCOW (Sputnik) – El Salvador is studying the possibility of joining BRICS and may ask to do so in 1-2 years, Alexander Ilyukhin, the first secretary of the Russian Embassy in Nicaragua and head of the office in El Salvador, said in an interview.

China supports Malaysia’s Brics application, saying ‘like-minded partners’ are welcome

China has supported Malaysia’s application to join Brics, saying it would welcome “like-minded partners” to the alliance.

Moscow to host VIII BRICS International School on October 1–3

The BRICS International School has been held annually since 2017 with the support of the Ministry of Foreign Affairs of the Russian Federation. In 2024, the initiative will take place as part of the official calendar of Russia’s BRICS Chairmanship and will be implemented with the support of the Gorchakov Public Diplomacy Fund and MGIMO University as part of the Russian government’s Priority 2030 university support programme.

Brics not anti-West, crucial for Malaysia to have good ties with all countries, says foreign minister

Brics, which Malaysia wants to join, is not an “anti-Western” organisation, said Foreign Minister Datuk Seri Mohamad Hasan.

Russia’s top senator announces progress on BRICS digital payment system

Plans to create a BRICS digital payment platform are moving steadily forward, Russia’s Federation Council Speaker Valentina Matviyenko told a press conference.

Iran to focus on supporting Russia’s initiatives on BRICS single currency — envoy

Iran will focus on supporting Russia’s initiatives on a single currency and the expansion of payments in national currencies within BRICS, according to Iran’s Ambassador to Moscow Kazem Jalali speaking at a meeting with Adviser to Russian President Anton Kobyakov, a source in Roscongress Foundation told TASS.

 

Brics says no to trade barriers

The economy and trade ministers of the Brics countries have met in Moscow, agreeing on a common position within the World Trade Organisation (WTO).

Astrakhan region ready to contribute with BRICS

Governor Igor Babushkin highlighted the Astrakhan region’s strong economic and humanitarian ties with Caspian littoral states, showcasing its agricultural successes and impressive two million tourists per season. He expressed a keen interest in sharing these achievements on various platforms, including within BRICS countries, ahead of the 9th Caspian Media Forum 2024.

Cuba confident in Ethiopia’s ability to make significant contributions to BRICS

Cuba’s Deputy Minister of Foreign Affairs, Elio Rodriguez Perdomo, has expressed strong confidence in Ethiopia’s ability to make significant contributions to the BRICS group.

Malaysia’s bid for BRICS membership to spur banking overhaul

Malaysia’s bid to become a member of BRICS could change how the local banking system operates, with a senior official from a local banking association touting the potential to break away from U.S. influence.

Jim Willie: How BRICS Are Approaching The Silver Market

In this insightful interview, Dr. Jim Willie shares his perspective on the current state of the silver market. Dr. Willie delves into the potential impacts of the BRICS de-dollarisation efforts and discusses intriguing speculation about the formation of a South American OPEC-like silver cartel.

After formal Brics bid, Anwar says will meet Putin in Russia soon

Prime Minister Datuk Seri Anwar Ibrahim said he will meet Russian President Vladimir Putin when he visits Vladivostok “soon”. Anwar said the meeting will be an opportunity to discuss trade between the two countries.

Malaysia’s Brics bid, Palestine among topics discussed with ex-South African minister during her visit, says PM Anwar

Malaysia has conveyed its desire for South Africa to support its entry into Brics. Prime Minister Datuk Seri Anwar Ibrahim said this was among the topics discussed during a visit from the former Minister of International Relations and Cooperation of the Republic of South Africa, Dr Naledi Mandisa Pandor.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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