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Category: BRICS

WEEK IN REVIEW: The United States To Re-launch B3W at Next Week’s G7 Conference

The United States will re-launch the Build Back Better World (B3W) initiative at next week's G7 conference with a new program that aims to provide an alternative to Chinese infrastructure financing in the Global South. National Security Advisor Jake Sullivan did not provide many details on the new ...

BRICS Summit Raises Questions About Shared Agenda

This week’s BRICS summit sets the stage for renewed wrangles around the bloc’s future role. The leaders of Brazil, Russia, India, China, and South Africa will meet virtually on Thursday to discuss cooperation on issues like health cooperation and the post-pandemic recovery.  ...

BRICS Members Back China’s Call to Expand the Bloc

Foreign Ministers from the five-nation BRICS group agreed to support China's call to expand the bloc for the first time in more than a decade when South Africa was added. Member states said in a joint statement after the meeting that they agreed in principle ...

Argentina Could Be Joining BRICS

🇦🇷 Argentina could become a member of the BRICS group. Argentinian officials are joining a flurry of upcoming events with counterparts from Brazil, Russia, India, China, and South Africa, the bloc's five permanent members. Brazil and China reportedly support Buenos Aires joining the group. 

Russia Presses BRICS to Allow Payment Routes Around Sanctions

As Russia is being squeezed by Western sanctions, it is reaching out to its partners in the BRICS bloc (Brazil, India, China, and South Africa) to allow transactions in their local currencies and to integrate payment systems. This follows the move ...

Analysis from Cobus van Staden

The G7’s New Infrastructure Initiative Could Strengthen China’s Global South Game: Experts

The G7’s new Partnership for Global Infrastructure Investment (PGII), a $600 billion plan to build infrastructure across the Global South and counter China’s Belt and Road Initiative (BRI), could have the effect of improving how Chinese companies do business and could end up improving the BRI itself, according to development experts. 

Some acknowledged that the BRI has been controversial for its environmental and debt impacts. But they also pointed out ...

Russia Shores Up BRICS Support on Ukraine

Russian Foreign Minister Sergey Lavrov (photo, second from left) met with ambassadors of the BRICS countries earlier this week to discuss the crisis in Ukraine. The meeting formed part of Moscow’s campaign to characterize the Western-led sanctions against Russia as unjust. The BRICS ...

BRICS Buck the Rest of the World in Firmly Opposing Russia’s War on Ukraine

In an odd alignment of diplomatic symmetry, the four non-Russian members of the BRICS group have all refused to join the global movement to condemn Russia for its assault on neighboring Ukraine. There's no evidence that any of these countries are coordinating their response with one another ...

Russian, Chinese and South African Warships Docked in Cape Town Harbor Put on a Good Show

The visiting warships from China and Russia, along with South Africa's own vessels, were open to the public in Cape Town harbor for the past few days before they head out to sea for joint naval exercises that begin today. The ...

As China & Other BRICS Slow Their Investments in Africa, Turkey Ramps Up

Remember when the BRICS were going to power the global economy? Well, the past few years have not been kind to Brazil, Russia, India, China and South Africa. With the exception of India, the other members of this once elite ...

The BRICS Bank: China's Drive To Shake Up Development Finance

Brazil, Russia, India, China and South Africa (aka the 'BRICS') are moving forward with an ambitious plan to shake up the clubby world of development finance. The new BRICS bank announced over the summer 2014 is expected to have a profound impact on the ...