Page 5 - Brics Summit

Brics Summit: PM Modi heads to Russia; talks with Putin, Xi likely; updates

The Brics summit, themed 'Strengthening Multilateralism for Just Global Development and Security' this year, aims to foster dialogue on issues ranging from economic cooperation to global security

Russia hosts Brics leaders, signaling Putin remains far from isolated

Kremlin is seizing its opportunity to cast Putin as standing up to the West in attempting to reshape the global order

Brics is important platform for discussion on key global issues: PM Modi

India values close cooperation within BRICS which has emerged as an important platform for dialogue and discussion on a range of key issues concerning global developmental agenda, Prime Minister Narendra Modi said on Tuesday. Modi made comments in a statement before embarking on a two-day visit to the Russian city of Kazan to attend the 16th summit of the BRICS grouping. "The expansion of BRICS with the addition of new members last year has added to its inclusivity and agenda for the global good," he said. Being hosted by Russia, the summit is being seen as an attempt by non-Western powers to project their clout amid the conflict in Ukraine and the escalating situation in West Asia. Modi is set hold a series of bilateral meetings including with Russian President Vladimir Putin and Chinese President Xi Jinping on the margins of the BRICS (Brazil-Russia-India-China-South Africa). It will be the first summit of the grouping after it was expanded at its summit in Johannesburg last ..

PM Modi departs for two-day Russia visit, to attend Brics Summit in Kazan

During his visit, PM Modi is also expected to hold bilateral meetings with his counterparts from Brics member countries and invited leaders in Kazan

Ramaphosa calls on Brics to help in industrialisation of African continent

South African President Cyril Ramaphosa has called on its BRICS partners to extend assistance in the industrialisation of the countries on the African continent. He said the African Continental Free Trade Area (ACTFA) has been unlocking massive opportunities for trade, investment and industrial growth and the continent seeks partnerships that would unlock the dynamism and potential of its 1.3 billion people. "The success of ACFTA requires a substantial investment in infrastructure. We, therefore, call on fellow BRICS countries to partner with us to build the roads, ports for imports and exports, rail, energy and telecommunications networks that will enable Africa to industrialise and trade with other countries across the world," Ramaphosa said at the BRICS Business Forum in the Russian city of Kazan. Making a plea to the grouping to extend support to women-owned and small businesses, he said, "Africa is home to a population that is young, digitally connected and increasingly ...

Not looking at Brics as evolving into some kind of geopolitical rival: US

On October 18, Russian President Vladimir Putin echoed Prime Minister Narendra Modi's stance on Brics, emphasizing that the grouping is not anti-Western but rather non-Western

Jaishankar discusses FDI, maritime security and Ukraine conflict at Brics

This series of discussions underscores India's growing significance on the global stage. Jaishankar recently spoke at the NDTV World Summit 2024, highlighting predictions from a Goldman Sachs study

Indian envoy gives details of PM Modi's upcoming Russia visit; Brics agenda

It will be PM Narendra Modi's second visit to Russia in 2024 as he travelled to Moscow in July to attend the 22nd India-Russia Annual Summit

India brings great value to Brics: Foreign secy Misri ahead of 16th summit

The remarks by Misri came while addressing a media briefing on Prime Minister Narendra Modi's upcoming Russia visit for the 16th BRICS summit

Common Brics currency will take time, need cautious approach, says Putin

Russian President Vladimir Putin has said the time has not come yet for a common BRICS currency but added that the 10-nation bloc is exploring the use of digital currencies in mutual trade and investments for which his country is working with India and other nations. Advocating a cautious approach in creating a new reserve currency due to differences in the structure and quality of the economies of the BRICS member states, Putin said these countries should focus on the use of the national currencies, new financial instruments and the creation of an analogue of SWIFT. At this point of time it (a BRICS currency) is a long term prospect. It is not under consideration. BRICS will be cautious and act gradually, move slowly. The time has not come yet, Putin told a select group of senior editors from the BRICS member states at a media interaction on Friday at his official residence in Novo-Ogaryovo, about 50 km from Moscow. The Russian strongman's remarks came in reply to a question about

PM Modi to visit Russia from October 22-23 to attend Brics summit

Prime Minister Narendra Modi will visit Russia from October 22-23 at the invitation of President Vladimir Putin to attend the 16th BRICS Summit in Kazan, the MEA said on Friday. During his visit, the prime minister is also expected to hold bilateral meetings with his counterparts from BRICS member countries and invited leaders in Kazan, the Ministry of External Affairs (MEA) said in a statement. The theme of this year's summit is "Strengthening Multilateralism for Just Global Development and Security". It will provide an important platform for leaders to discuss key global issues, it said. "The summit will offer a valuable opportunity to assess the progress of initiatives launched by BRICS and to identify potential areas for future collaboration," the ministry said.

Russia's Brics chairmanship set stage for impactful summit in Kazan

On January 1, Russia was passed the baton of the Brics chairmanship, an association which, according to the decision adopted by the 15th Brics Summit in August 2022, now includes 10 countries

Decoding the 'Swift' payment system: Why it may crop up in Modi-Putin talks

Prime Minister Modi and Russian President Putin are set to hold key bilateral talks in Moscow today to discuss a wide range of issues as part of the 22nd India-Russia annual summit

Russia, largely excluded from global sports, hosts athletes at Brics Games

Thousands of athletes in both major and obscure sports will be vying for medals in the Russian city of Kazan at the sixth BRICS Games, an international competition shadowed by politics amid Russia's exclusion from major sports events. The games opened Wednesday, which Russia observes as its independence day holiday, underlining the key role that sports plays in its national identity. Since its full-scale invasion of Ukraine in February 2022, Russia has been frozen out of the most prominent international competitions and sports associations; some Russian passport holders will be allowed to compete as neutral athletes in the Paris Olympics that begin July 26, but their results will not be credited to Russia. In that atmosphere, the BRICS Games are a way for Russia to underline its aggrieved claims of prejudice and inequitable treatment by the West and international sports organizations. Our country has always adhered to the principle that sport is beyond politics, but we are constant

Explained: What is PAROS, which has got support from Brics leaders?

The Brics ministers reiterated their support for the long-term sustainability of outer space activities and the prevention of an arms race in outer space (PAROS) and its weaponisation

Brics expresses concern over unprecedented escalation of violence in Gaza

The BRICS nations on Monday expressed grave concern over the "unprecedented" escalation of violence in the Gaza Strip as a result of Israeli military operations and reaffirmed their support for Palestine's full membership in the United Nations. At a meeting in Russia's Nizhny Novgorod, the BRICS foreign ministers reiterated the grouping's unwavering commitment to the vision of a two-state solution to the Palestine issue based on international law. Secretary (Economic Relations) in the Ministry of External Affairs Dammu Ravi represented India at the crucial meeting. The BRICS comprises Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt and the United Arab Emirates. "The ministers expressed grave concern at the deterioration of the situation in the occupied Palestinian territory, in particular the unprecedented escalation of violence in the Gaza Strip as a result of the Israeli military operation that led to mass civilian displacement, death and casualties," a joint ..

Brics' New Development Bank aims to make $5 billion in loans in 2024

Brics Chief Zhou also said he expected China's economy to grow about 5% this year, in line with the government's target

Can Brics, a frenemies grouping, challenge the West's sanctions regime?

The "Brics bank," which is currently led by former Brazilian president Dilma Roussef, has a mandate to lend to infrastructure projects that the rest of the multilateral architecture ignores

India likely to resist Pakistan's bid to be a full-fledged member of Brics

Pakistan has sought Russia's help to become a member during its Brics presidency which began on Monday with the motto of "Strengthening Multilateralism for Equitable Global Development and Security"

Brics expansion: Five nations including UAE, Saudi get full membership

The BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it as part of an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs. As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin said on Monday that the grouping has become a 10-nation body now with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining it as new members. In August, the top BRICS leaders at the grouping's summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1. However, Argentina's new President Javier Milei last week announced withdrawing his country from becoming a member of the BRICS (Brazil-Russia-India-China-South Africa). "Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS as new full members which is a strong indication of the growing authority of the ...