🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 Last week in Johannesburg, South Africa, the summit of BRICS leaders ended; this, in a number of different ways, marked a new stage in the development of the bloc, and in the growth of its influence throughout the world.
Despite the large array of topics on all three pillars of interaction (political, economic and humanitarian) and the priorities of South Africa, most attention was focused on two key issues.
1️⃣ First, the issue of expanding the group and the previous explosive growth of official applications for membership.
2️⃣ Second, working out a way for BRICS to launch its own payment instrument. Therefore, it is not surprising that the overwhelming majority of observers hardly noticed the development of many other issues on the agenda.
Starting January 1, 2024, Russia will already be dealing with a completely different BRICS.
BRICS has received an impulse to make a real transition to a new, more just world order. The ability of the new BRICS to fully realize itself and fulfil the mission of the transition depends on how our descendants will remember the 21st century, Viktoria Panova writes.
https://valdaiclub.com/a/highlights/russia-on-the-way-to-brics-chairmanship/
#Asia_and_Eurasia #BRICS #BRICSSummit
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Despite the large array of topics on all three pillars of interaction (political, economic and humanitarian) and the priorities of South Africa, most attention was focused on two key issues.
1️⃣ First, the issue of expanding the group and the previous explosive growth of official applications for membership.
2️⃣ Second, working out a way for BRICS to launch its own payment instrument. Therefore, it is not surprising that the overwhelming majority of observers hardly noticed the development of many other issues on the agenda.
Starting January 1, 2024, Russia will already be dealing with a completely different BRICS.
BRICS has received an impulse to make a real transition to a new, more just world order. The ability of the new BRICS to fully realize itself and fulfil the mission of the transition depends on how our descendants will remember the 21st century, Viktoria Panova writes.
https://valdaiclub.com/a/highlights/russia-on-the-way-to-brics-chairmanship/
#Asia_and_Eurasia #BRICS #BRICSSummit
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Valdai Club
Russia on the Way to BRICS Chairmanship
BRICS has received an impulse to make a real transition to a new, more just world order. The ability of the new BRICS to fully realize itself and fulfill the mission of the transition depends on how our descendants will remember the 21st century, Viktoria…
🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 The recently-concluded BRICS Summit in Johannesburg, South Africa, was not only a success for the bloc but also historic in how it captured the times we live in today.
🔹 The inclusion of oil-rich nations such as the Kingdom of Saudi Arabia, the United Arab Emirates (UAE), and Iran introduces an expansion of the BRICS footprint in the Middle East as well as its influence for the reform of the financial architecture in addition to population, region, and land mass.
🔹 The Inclusion of Argentina, Ethiopia, and Egypt (Egypt is already a member of the New Development Bank, NDB) further reaffirms the bloc’s growing influence for the reform and development agenda it adopted in 2009.
🔹 More than 20 countries have applied, and over 40 are interested in joining the bloc. This is a significant development because it demonstrates the strength of the BRICS argument for a fairer and more equitable global governance system that represents all, with rules that apply equally to all, especially in global financial and economic governance.
The bloc was dismissed by many in the beginning, with some arguing that it does not hold sufficient power to change anything, let alone contend with the global hegemons. But BRICS is not about challenging anyone.
It is about fostering cooperation and collaboration to find solutions for global challenges and achieve a shared future in which development is enhanced and accessible to all who seek it, Mikatekiso Kubayi writes.
https://valdaiclub.com/a/highlights/5th-brics-summit-and-affirmation-of-the-brics/
#ModernDiplomacy #BRICS #BRICS2023 #BRICSSummit
🗣 🗣 🗣
🔹 The inclusion of oil-rich nations such as the Kingdom of Saudi Arabia, the United Arab Emirates (UAE), and Iran introduces an expansion of the BRICS footprint in the Middle East as well as its influence for the reform of the financial architecture in addition to population, region, and land mass.
🔹 The Inclusion of Argentina, Ethiopia, and Egypt (Egypt is already a member of the New Development Bank, NDB) further reaffirms the bloc’s growing influence for the reform and development agenda it adopted in 2009.
🔹 More than 20 countries have applied, and over 40 are interested in joining the bloc. This is a significant development because it demonstrates the strength of the BRICS argument for a fairer and more equitable global governance system that represents all, with rules that apply equally to all, especially in global financial and economic governance.
The bloc was dismissed by many in the beginning, with some arguing that it does not hold sufficient power to change anything, let alone contend with the global hegemons. But BRICS is not about challenging anyone.
It is about fostering cooperation and collaboration to find solutions for global challenges and achieve a shared future in which development is enhanced and accessible to all who seek it, Mikatekiso Kubayi writes.
https://valdaiclub.com/a/highlights/5th-brics-summit-and-affirmation-of-the-brics/
#ModernDiplomacy #BRICS #BRICS2023 #BRICSSummit
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