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BRICS Summit 2023 - Sputnik India

LIVE UPDATES: Russian & Indian Leaders Address XV BRICS Business Forum

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The economic alliance of Brazil, Russia, India, China and South Africa (BRICS) will be holding its 15th annual summit of leaders in Johannesburg from Tuesday to Thursday.
South African President Cyril Ramaphosa, Brazilian President Luiz Inacio Lula da Silva, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi will attend the event in-person, while Russian President Vladimir Putin will attend via video link. Russia's delegation in Johannesburg will be led by Foreign Minister Sergey Lavrov.
South Africa, the bloc's 2023 chair, invited delegations from dozens of other countries and international organizations, including UN Secretary-General Antonio Guterres and African Union chief Moussa Faki Mahamat.

The summit's key focus is expected to be BRICS' possible expansion, as according to South African Sherpa Anil Sooklal 19 countries have expressed their interest in obtaining membership. Other discussion topics on the agenda include economic relations, trade infrastructure and the potential switch to a common currency to reduce member states' reliance on the US dollar.

BRICS Summit to Provide Platform for Discussions of 'Global South'

Indian Prime Minister Narendra Modi said on Tuesday that the BRICS summit in South Africa would provide a platform for discussions of the problems of the "Global South" region.
"Leaving for South Africa to take part in the BRICS Summit being held in Johannesburg. I will also take part in the BRICS-Africa Outreach and BRICS Plus Dialogue events. The Summit will give the platform to discuss issues of concern for the Global South and other areas of development," the prime minister said on X, formerly known as Twitter.
A man chats on a mobile phone as he walks past a reflection on a window of another man staring at the sea in front of the national flags of the BRICS (China, India, Russia, South Africa, Brazil) countries during the BRICS Foreign Ministers Meeting in Cape Town, on June 02, 2023. - Sputnik India, 1920, 20.08.2023
Explainers
What to Expect from BRICS Summit 2023 in South Africa
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21:41 22.08.2023
Russia's Trade with BRICS Countries Has Increased by 40.5%: President Vladimir Putin
Here are the key statements made by President Putin in his address to XV BRICS Summit Business Forum:
BRICS countries have to solve difficult problems against the backdrop of market volatility, inflationary pressure due to the irresponsible actions of a number of countries;
Dedollarisation among BRICS nations is irreversible;
Russia to refocus its transport & logistics flows to reliable partners, including from among BRICS nations;
Russia will remain reliable supplier of food to Africa;
Russia ready to return to the Black Sea Grain Initiative if parties fulfill their commitments under the deal.
21:07 22.08.2023
South Africa President Ramaphosa Calls for Reform of Global Financial System, Lauds NDB's Role in This Direction
"..We require a fundamental reform of the global financial institutions so that they can be more agile and responsive to the challenges facing developing economies...," he told the XV BRICS Summit Business Forum on Tuesday.
20:57 22.08.2023
BRICS summit 22.08.2023 - Sputnik India, 1920, 22.08.2023
World News
Global South Leaders Deliver Statements at BRICS Business Forum
20:36 22.08.2023
18:14 22.08.2023
18:03 22.08.2023
One hundred rubles - Sputnik India, 1920, 22.08.2023
Business & Economy
De-Dollarization: BRICS Leaders to Discuss Ways to Reduce US Dollar Dependency
17:32 22.08.2023
BRICS Has Chance to Deal Crushing Blow to US
Salah Halimah, Vice President of the Egyptian Council for African Affairs, ex-Associate Foreign Minister of Egypt for African Affairs, in an interview with Sputnik explained the soaring popularity of the BRICS, and why Cairo wants to join the club as soon as possible.

"BRICS countries are striving to create a center of power that can withstand the collective West. And the member countries of the group already now have an impressive geopolitical and economic weight that can compete with the West. And the accession of new countries to BRICS will only increase the weight of the group on the world stage," the politician told Sputnik.

17:20 22.08.2023
17:00 22.08.2023
BRICS NDB to Lend in South African, Brazilian Currencies To Reduce Dollar Addiction
BRICS' New Development Bank (NDB) plans to start lending in the South African and Brazilian currencies in order to reduce global dependence on the US dollar, the Financial Times newspaper reported on Tuesday, citing the lender's head, former Brazilian President Dilma Rousseff.
"[The NDB's] aim is to reach about 30 per cent of everything we lend... in local currency," Rousseff said in an interview with the newspaper.
15:47 22.08.2023
15:38 22.08.2023
BRICS Summit 2023 - Sputnik India, 1920, 22.08.2023
Business & Economy
Strong Economic Ties Among BRICS States to Benefit the World: Indian Minister
15:25 22.08.2023
Баннеры, посвященные предстоящему саммиту БРИКС-2023 в Йоханнесбурге, Южная Африка - Sputnik India, 1920, 22.08.2023
Sputnik Opinion
Will BRICS Nations Agree on Template to Expand Grouping?
15:16 22.08.2023
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14:00 22.08.2023
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11:20 22.08.2023
India's Prime Minister Narendra Modi leaves for South Africa  - Sputnik India, 1920, 22.08.2023
World News
BRICS Has Become a Platform for Entire Global South: Indian PM Modi
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