Category: BRICS
Indonesia Officially Joins BRICS as Full Member, Brazil Confirms
Indonesia has officially joined BRICS as a full member, marking a significant expansion of the bloc, which currently includes Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. The announcement came from Brazil on Monday, ...
Indonesia, Malaysia, and Thailand Secure BRICS Partner Status with China’s Full Support
Indonesia, Malaysia, and Thailand are confirmed to become BRICS partner countries starting January 1, 2025, according to Kremlin aide Yury Ushakov. “One of the important results of the summit was the establishment of the category of BRICS partner countries and ...
“I Really Don’t Get It,” Says Top Currency Scholar in Response to Trump’s Threat to Retaliate Against a BRICS Currency
Donald Trump's threat to retaliate against BRICS countries if the bloc moves forward with a plan to introduce a new currency prompted a lot of head-scratching over the weekend among analysts, who said the president-elect's announcement was baffling. President-elect Trump was ...
Trump Threatens 100% Tariff on BRICS Countries Over Currency Plans
President-elect Donald Trump on Sunday threatened to impose a 100 percent tariff on the BRICS group nations if they undercut the U.S. dollar. "We require a commitment... that they will neither create a new BRICS Currency, nor back any other Currency ...
Brazil Walks a Tightrope on China’s Belt and Road Initiative, With One Eye on the G20
By Thiago P.B. Bessimo In Brazil, foreign policy appears to be a delicate dance these days, with Luiz Inácio Lula da Silva’s administration striking a careful balance between competing global powers. Lula’s foreign policy advisor, Celso Amorim—often seen as the real ...
Prabowo’s ‘Good Neighbor Policy’ in Action: Indonesia Pursues BRICS
Indonesia's recent decision to pursue full membership in BRICS—a coalition of major emerging economies including Brazil, Russia, India, China, and South Africa—has stirred significant discussion amid an evolving geopolitical landscape. During the recent BRICS Plus Summit in Kazan earlier this month, Foreign Minister Sugiono officially expressed ...
The BRICS in Kazan: A Testing Ground for Chinese Multipolarism?
By Giulia Sciorati This week’s BRICS summit in Kazan has represented a key opportunity for Beijing to strengthen its leadership within the group and solidify its status as both a regional and global power. For China, BRICS serves primarily as a ...
WEEK IN REVIEW: Putin Urges BRICS to Develop SWIFT-Like Payment System
The Indonesian Coast Guard said it “drove out” a Chinese Coast Guard vessel from a contested area of the South China Sea. The Indonesian side was busy with a gas survey conducted by the country’s oil and gas company, PT Pertamina, off the Natuna Islands. In radio communication, ...
IMF Chief Seeks More Details on BRICS Payments System Plans
The IMF wants to know more about a cross-border payments system discussed by the BRICS group of countries this week and aimed at boosting non-dollar transactions, the Fund's managing director said Thursday. The meeting of the BRICS -- meaning Brazil, Russia, ...
BRICS Summit Hails Multipolarity, Calls for Global Reforms
The BRICS+ group committed itself to global financial reform and opposing trade barriers at its leaders’ summit in Kazan, Russia. The summit, the largest diplomatic forum in Russia since the invasion of Ukraine, gathered more than twenty leaders in what is increasingly ...
Xi Tells BRICS Summit World Facing ‘Serious Challenges’
Chinese President Xi Jinping on Thursday told leaders of BRICS emerging economies the world was facing "serious challenges" and urged the group to be a "stabilizing force." Xi was speaking on the final day of the BRICS summit in the Russian ...
Xi, Modi Pledge Cooperation at Historic Meeting
India and China agreed on Wednesday to work towards improving bilateral ties, signaling a potential thaw between the neighbors since clashes between their troops in 2020 over a contested border. Chinese President Xi Jinping and Indian Prime Minister Narendra Modi met ...