Page 3 - Brics Summit

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 ...

Newly-elected Argentina President Milei cancels plan to join Brics: Report

The BRICS grouping of five major emerging economies--Brazil, Russia, India, China, and South Africa--at the end of its meeting in Johannesburg announced its decision to invite six new members in 2024

Brics Summit hosting costs huge, but benefits ours: South Africa govt

The cost of hosting the 15th BRICS Summit was fully justified as it brought to the country great economic benefits, the government said in a statement on Thursday. The South African government spent over R104 million, or about 48 million US dollars, in hosting the summit this year in July. The Department of International Relations and Cooperation (DIRCO) in a statement on Thursday made the remark in reaction to the opposition Democratic Alliance claiming that the expenditure on BRICS could have been better spent on addressing the crippling cost of living crisis that South Africans are currently battling. DA MP Emma Louise Powell, who described the amount as "staggering," said it got even worse when it included an additional R75 million about 4 million US dollars spent by the South African Police Service (SAPS) on protecting attendees at the summit, despite most international delegations being accompanied by their respective national security agencies. "We now know that between SA

Why India should remain in the BRICS

We should be able to discourage half-baked ideas like the BRICS currency or letting the grouping be hijacked to promote the Chinese yuan at the expense of the US dollar

Brics enlargement in hope of getting heard

The Brics leaders opposed trade barriers, including those under the pretext of tackling climate change, imposed by certain developed countries and reiterated their commitment to enhancing coordination

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Not made any formal request to join Brics so far: Pakistan Foreign Office

Pakistan has tried to downplay the snub from the BRICS, saying it has not yet made a formal request to join it after the bloc ignored Islamabad when it announced its major expansion in years. On August 24, The leaders of the BRICS nations decided to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as the new members of the grouping, sealing a long-drawn process. Foreign Office spokesperson Mumtaz Zahra Baloch issued the details of her weekly briefing on Friday night, a day after the bloc of developing countries added new countries. We will examine the latest developments and make a determination about our future engagement with BRICS, Baloch said. To a query, if Pakistan was ignored by the bloc, she said Pakistan followed BRICS' developments in its latest summit in South Africa and also noted its openness to inclusive multilateralism. Pakistan is an ardent supporter of multilateralism and as a member of several multilateral organisations it has alw

PM Modi gifts 'surahi' to S African prez, Gond painting to Brazil leader

Artworks and traditional items reflecting the diversity and richness of Indian heritage were the gifts of Prime Minister Narendra Modi's choice for a number of world leaders during his visit to Johannesburg for the BRICS summit and then to Greece. He presented a pair of 'surahi' from Telangana to South African President Cyril Ramaphosa, and a Nagaland shawl to his wife and first lady of the host country, officials said. They noted that the 'bidri vase' is a purely Indian innovation exclusive to Bidar, a Karnataka city. It is cast with an alloy of zinc, copper and other non-ferrous metals. Pretty patterns are engraved on the casting and inlaid with pure silver wire. The casting is then soaked in a solution mixed with the special soil of Bidar Fort which has special oxidising properties, they noted. This causes the zinc alloy to turn into a lustrous black, leaving the silver inlay intact to contrast stunningly with the black background, they added. The gift also carried silver ...

Brics' latest summit shows it's little more than a meaningless acronym

To be sure, the current rebalancing of the West's geopolitical and economic power has been overdue for more than a century, ever since Europe plunged into the first of its continental wars

PM Modi gifts 'surahi' to Ramaphosa, Gond painting to Lula da Silva

Art works and traditional items reflecting Indian heritage were the gifts of Prime Minister Narendra Modi's choice for some of the world leaders at the BRICS summit in Johannesburg. He presented a pair of 'surahi' from Telangana to South African President Cyril Ramaphosa, and Nagaland shawl to his wife and the first lady of the host country, officials said. They noted that the 'bidri vase' is a purely Indian innovation exclusive to Bidar, a Karnataka city. It is cast with an alloy of zinc, copper and other non-ferrous metals. Pretty patterns are engraved on the casting and inlaid with pure silver wire. The casting is then soaked in a solution mixed with special soil of Bidar fort which has special oxidising properties, they noted. This causes the zinc alloy to turn into a lustrous black leaving the silver inlay intact to contrast stunningly with the black background, they added. The gift also carried silver 'nakkashi', whose patterns are first drawn on paper and then transferred on

PM Modi wraps up his South Africa visit for Brics summit; leaves for Greece

Prime Minister Narendra Modi on Thursday concluded a "very productive" visit to South Africa during which he attended the "historic" 15th BRICS Summit and held bilateral meetings with several world leaders to further cement India's relations with those countries. Modi arrived in South Africa on Tuesday for the first in-person BRICS Summit after three consecutive years of virtual meetings because of the Covid-19 pandemic. "PM @narendramodi wraps up a fruitful visit to South Africa that launched a new chapter in the BRICS journey. PM now emplanes for Greece for engagements with an important Mediterranean partner," Spokesperson of the Ministry of External Affairs Arindam Bagchi posted on X. "My visit to South Africa was a very productive one. The BRICS Summit was fruitful and historic as we welcomed new countries to this forum. We will keep working together for global good. My gratitude to President @CyrilRamaphosa, the people and Government of South Africa for their hospitality," Modi