🌐 BRICS gives hope that Global South countries develop "the right way," an economist says

Today, BRICS is an organization that can promote trade and economic development in Africa, Asia, Latin America, and even Europe, Dr. Hod Anyigba, Chief Economist at ITUC-Africa and the Executive Director of its Africa Labour Research and Education Institute (ALREI), told Sputnik Africa.

The IMF, the World Bank, and the developed countries "have taken on the responsibility of developing the entire world," but BRICS represents an alternative to this status quo, the expert said on the sidelines of the 57th session of the ECA Conference of African Ministers of Finance, Planning and Economic Development.

Along with the development of trade, this concerns the question of investment and financing, "so that we don't take some loans that we'll have to pay for a hundred years," he said.

🗣"This will be the way to develop as we should, because Africa, Asia, all of us, we must develop the right way, as it should be, not as developed countries, for example, want," he stressed.

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Brazil proposes BRICS to use blockchain to enhance co-operation

Brazil has launched an initiative to propose that BRICS countries use blockchain technology to facilitate trade and financial transactions.

Brazil's Central Bank and Ministry of Finance are developing the initiative, which is expected to be presented in July 2025 at the BRICS summit in Rio de Janeiro. It is expected that the use of blockchain will help reduce dependence on the dollar and strengthen economic cooperation within BRICS.

Brazilian President Luiz Inacio Lula da Silva has previously emphasised the need to create alternative financial settlement mechanisms for #BRICS. He explained that "this is not about replacing national currencies", but about integrating the idea of building a multipolar world into the international financial system.

#NEWS #Brazil #finance #technology

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🎞New video: exclusive interview from the 🕊🕊🕊🕊🕊 International School

We're thrilled to share our brand-new video which has been uploaded to the YouTube channel❕

Ani Arshakyan, a PhD student in economics from Armenia, discovered the BRICS International School while researching economic integrations. Although Armenia is not a member of BRICS, Ani believes her country can benefit from the opportunities the group has to offer.

In this interview, Ani shares her insights on the importance of youth engagement in events like the BRICS International School. She highlights how participation in such programmes can pave the way for collaboration and mutual growth, even for nations that are not part of #BRICS.

Join us as we explore Ani’s perspective on why BRICS is getting more & more powerful and discover how young researchers like Ani can play a pivotal role in shaping its future!

Watch the video 🎞

On 🕊➖🕊 October 🕊🕊🕊🕊, the BRICS International School opened its doors to young leaders and researchers. The School is a unique event that aims to strengthen cooperation, and it became an influential platform for young BRICSologists to exchange bright & innovative ideas and their experiences.

#BRICSExpertCouncil #BRICSExpertCouncilVIDEO #BRICSSchool #InterSchool #Armenia

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Dear subscribers! 🤍

Today marks a significant milestone for our channel — it's been a year since our very first post! 🎉

It was a year of growth and development, and we are eager to keep going and growing 📊

We shared with you 🕊🕊🕊🕊🕊 posts, covered significant and fascinating events like the BRICS Summit, the Civil and Academic Forums, the 🕊🕊🕊🕊🕊 International School, the First BRICS+ Blind Football International Friendly Tournament, shared the most relevant news in the socio-political, humanitarian and civil fields, and updates on our friends' and partners' events.
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Your encouragement and enthusiastic involvement inspire us and enable us to keep producing top-notch material. We truly appreciate all of the likes and reposts from you❕

We are grateful for all of you 🤍

We look forward to sharing with you soon the redesigned channel, the new website of the BRICS Expert Council—Russia, unique reports and papers, exclusive episodes of the "BRICS Talk: Bridging ideas" project , and other new projects that we hope you will like and enjoy 🤍


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Lukashenko: Belarus will always be on Russia's side

Belarus will always stand by Russia, if it ever faces a choice, Belarusian President Alexander Lukashenko stated.

"We are committed to comprehensive cooperation with the #CIS, #SCO, and #BRICS countries. We need to engage in trade with nations in Asia, Africa, and Latin America. While we desire good relations with neighbouring Europe and the United States, our primary focus has always been and will continue to be our special and close relationship with you, with Russia," he told Russia’s Federation Council.

"If we must make a choice, we will always stand with our Russia," the Belarusian leader emphasised.

#NEWS #Belarus #RussiaBelarus

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China, Russia, Iran to enhance coordination within international organisations

China, Russia, and Iran have reached an agreement to enhance coordination within BRICS and Shanghai Cooperation Organisation (SCO), the diplomats from the three countries announced in a statement following their meeting in Beijing on the Iranian nuclear issue.

"The parties agreed to support and strengthen coordination on multilateral platforms and within international organisations such as #BRICS and the #SCO," Chinese deputy foreign minister Ma Zhaoxu stated at a press conference.

The Beijing Meeting was chaired by deputy foreign minister Ma Zhaoxu of the People's Republic of China, with participation of deputy foreign minister Sergey Ryabkov of the Russian Federation and deputy foreign minister Kazem Gharibabadi of the Islamic Republic of Iran.

#NEWS #China #Russia #Iran #diplomacy

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Russia and Venezuela aim for closer cooperation within OPEC+

Moscow and Caracas are planning to enhance their active collaboration within the OPEC+ framework to stabilise the energy market, as stated by Russian Foreign Minister Sergey Lavrov.

"We attach great importance to deepening cooperation to stabilise the global energy market, including within the #OPEC+ format and the Gas Exporting Countries Forum," Lavrov stated.

Lavrov highlighted that both countries have developed a practice of mutual support in the World Organisation. Even when deprived of voting rights due to Western sanctions, they advocate for significant Russian initiatives.

The minister underscored Russia's appreciation for Venezuela's interest in enhancing its cooperation with #BRICS, describing it as "a bloc that serves as a conduit for the interests of the countries of the global South and East, and one of the supporting pillars of the multipolar world order."

#NEWS #Venezuela #RussiaVenezuela #diplomacy #energy

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Russia and Venezuela presidents discuss strengthening ties

Presidents of Russia and Venezuela, Vladimir Putin and Nicolas Maduro, held talks via videoconference to mark the 80th anniversary of the establishment of diplomatic relations between the countries.

"We have exchanged messages where we stressed our mutual satisfaction with the current level of Russian-Venezuelan relations," Putin said.

The Russian leader also proposed to Maduro the signing of a Treaty on Strategic Partnership and Cooperation.

"I am pleased to note that a strategic partnership and cooperation agreement has been fully settled, which will create a strong foundation for further expansion of multifaceted ties in the long term. It could be signed during your visit to Russia at a time convenient for you", Putin stated.

The Venezuelan President was also invited to Moscow for May 9 celebrations, as noted in the report.

"Memories are still fresh of the historic #BRICS summit in the beautiful city of Kazan, where we shared views on the new world," Maduro said.

The Venezuelan leader emphasised his vision of a "multi-centred and multi-polar" world.

#NEWS #Venezuela #RussiaVenezuela #Summit #diplomacy

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📖 Word of the Week: Global majority countries

The notion of "Global majority countries" is actively gaining ground in the political and diplomatic discourse. This term, although appearing to be a relatively new term, has in fact come into use thanks to the global political realities of the 21st century. It reflects tectonic shifts in the balance of power in the world system.

❔What are the Global majority countries

The Global majority countries are a collective term for the states of the Global South that constitute the majority of the world's population and economies. These countries are contrasted with the "old centres of power" — the traditional countries, which are usually Western countries such as the United States, Canada, the European Union, as well as Australia, Japan and some others. But it is the developing and newly industrialised states that represent the majority of the world's population, cultural diversity and growth prospects.

🖋️ Origins of the concept

The term "Global majority" has become more frequently used in recent years, particularly against the backdrop of debates about the redistribution of influence and resources in the global agenda. Although the term itself cannot be formally tied to a specific event or date, the key idea has emerged as an alternative to the concept of the "Global South" or "developing countries".

📍 Who belongs to the Global majority

The composition of the World majority is very diverse. It includes countries in Latin America, Asia, Africa and parts of Eastern Europe. What is common to the Global majority countries is that they often feel excluded from key global decisions that they feel are shaped by Western dictation. Many of these countries aspire to build a multipolar world where their voices are equally heard.

🌍 How the concept is related to BRICS

The concept of "Global majority" is particularly closely associated with BRICS. #BRICS is one of the main symbols of the Global South's attempts to achieve greater autonomy and reshape the existing system of global governance. Within the bloc, countries are actively discussing reform of institutions such as the United Nations (#UN), the International Monetary Fund (#IMF) and the World Bank to better accommodate the interests of developing countries.

#BRICSExpertCouncil #BRICSExpertCouncilRussia #wordoftheweek

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BRICS expansion in Asia: building resilience and global influence

Despite US tariff threats, BRICS's enlargement in Asia shows its resilience and the desire for collaboration.

In recent years, BRICS has become a key player globally. The blocs's influence is growing. In 2025, Indonesia became the first Southeast Asian nation to join BRICS. #Malaysia, #Thailand and #Vietnam joined as partner countries, boosting #ASEAN's connection.

This expansion highlights BRICS' growing influence and its role in a multipolar world. These nations bring strong economies to BRICS, with Asia becoming a focal point due to its vibrant economies and strategic location. As partners, Malaysia and Indonesia strengthen BRICS with robust economies and strategic trade positions. This enhances trade agreements and technological cooperation. Vietnam and Thailand’s inclusion cements the ASEAN-BRICS relationship; both are key in global supply chains.

#BRICS' growth emphasises sustainable development, with many infrastructure projects focusing on renewable energy and green tech, aligning with global sustainability trends.

US tariffs highlight the need for Asia to diversify economic ties. Joining BRICS offers countries like Indonesia and Malaysia wider trade and investment opportunities, reducing reliance on the US.

The article expresses the personal opinion of the author. It may not coincide with the position of the editorial board of the BRICS Expert Council–Russia.

#OPINION #politics

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Trade routes and partnerships show fundamental changes in Russia

Against the backdrop of the structural transformation of the Russian economy, major shifts in trade routes have influenced at least 40% of the country's exports and imports since 2022. During this period, BRICS countries supplanted Western nations to become Russia's primary trade partners, as highlighted in a study by the Analytical Credit Rating Agency (ACRA).

The report states that these fundamental changes took place predominantly in 2022 and 2023. Over these eighteen months, BRICS countries took over the position previously held by Western countries in Russia’s trading ecosystem.

According to ACRA, the share of #BRICS countries in Russia's foreign trade turnover surged from 20-25% in 2022 to 45-55% by 2024. The importance of Russia's Central Asian neighbours has also grown, along with that of Belarus, albeit to a lesser degree.

Moreover, the reorientation of trade routes has coincided with alterations in the currency structure for trade payments, the types of transportations utilised, and several other facets of Russia's trade operations.

#NEWS #Russia #economics #trade

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