EconomyLens.com
No Result
View All Result
Thursday, June 12, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Calls for ‘diplomacy,’ ‘cooperation’ at BRICS summit

Emma Reilly by Emma Reilly
April 29, 2025
in Other
Reading Time: 7 mins read
A A
0
20
SHARES
248
VIEWS
Share on FacebookShare on Twitter

Russia's Foreign Minister Sergei Lavrov is attending a meeting of ministers from the BRICS grouping in Rio de Janeiro. ©AFP

Rio de Janeiro (Brazil) (AFP) – Brazil, which chairs the 11-nation BRICS grouping that also includes Russia and China, called for closer cooperation Monday as the world deals with conflicts in Ukraine and Gaza and trade wars under US President Donald Trump. Foreign ministers of the bloc met in Rio de Janeiro as Russian President Vladimir Putin ordered a three-day truce with Ukraine, whose President Volodymyr Zelensky described the move as “a new attempt at manipulation.”

Related

California sues Trump for scrapping state’s EV rules

At least 265 dead in India plane crash, one passenger survives

Air India crash latest test for new Boeing leadership

London-bound plane with 242 on board crashes into doctors’ housing in India

Stocks, dollar retreat on new Trump trade threat

“We advocate diplomacy instead of confrontation, and cooperation instead of unilateralism,” Brazil’s Foreign Minister Mauro Vieira told the BRICS envoys in Rio. “The conflict in Ukraine continues to have a severe humanitarian impact, highlighting the urgent need for a diplomatic solution,” he added. Ministers from the bloc—which also includes Egypt, Ethiopia, India, Indonesia, Iran, Saudi Arabia, South Africa, and the United Arab Emirates—met to hone their agenda ahead of a leaders’ summit on July 6 and 7. The group has traditionally been cautious in its comments about the Ukraine war, issuing calls for peace while steering clear of condemning Russia’s invasion. Russia is a founding BRICS member and its foreign minister, Sergei Lavrov, attended the Rio gathering.

The meeting came at the start of what the United States has called a “critical week” for talks on ending the Ukraine war. Trump appeared to turn against Putin at the weekend after a meeting with Zelensky at Pope Francis’s funeral, saying he felt the Russian leader was “just tapping me along.” At the same time, the US president has been piling pressure on Kyiv to give up hopes of reclaiming Russian-annexed Crimea.

Vieira on Monday also called for a “complete withdrawal” of Israeli forces from Gaza. “The resumption of Israeli bombings and the continuous obstruction of humanitarian aid are unacceptable,” he said. The ministers are expected to issue a final joint statement Tuesday in which they will call for respect for multilateralism and international market rules. Their meeting came at a critical moment for the world economy after the International Monetary Fund slashed growth forecasts over the impact of Trump’s sweeping tariffs. Since returning to the White House in January, the US leader has hit dozens of countries with a blanket 10 percent tariff, but China faces levies of up to 145 percent on many products. Beijing has responded with duties of 125 percent on US goods. Senior Chinese economic planner Zhao Chenxin said in Beijing Monday his country was on the “right side of history” in the face of what he called Washington’s “unilateralism and bullying.”

BRICS has expanded significantly since its 2009 inception as a group of four powers—Brazil, Russia, India, and China—seeking an alternative platform to Western-led international organizations such as the G7. It now makes up nearly half of the world’s population, 39 percent of global GDP, and weighs in on issues from Ukraine to Gaza to global trade. A BRICS challenge to the hegemony of the dollar was expected to feature high on the agenda being prepared for July. At a summit last year, BRICS members discussed boosting non-dollar transactions, eliciting a swift rebuke from Trump who threatened them with 100 percent tariffs if they undercut the US currency.

Speaking to Brazil’s O Globo newspaper ahead of Monday’s meeting, Russia’s Lavrov said BRICS nations planned to “increase the share of national currencies in transactions” between member states, but said talk of transitioning towards a unified BRICS currency was “premature.” Vieira, whose country has so far been spared the worst of Trump’s trade ire, also denied any plans to create a new currency. Climate change is also expected to feature prominently in the ministers’ final statement. Brazil is the host of this year’s UN COP30 climate conference, which will take place in November in the Amazon city of Belem.

© 2024 AFP

Tags: diplomacygeopoliticsUkraine
Share8Tweet5Share1Pin2Send
Previous Post

Trump trade war dominates BRICS meeting in Brazil

Next Post

Power returns to most of Spain, Portugal after massive blackout

Emma Reilly

Emma Reilly

Related Posts

Other

India and its vast booming aviation sector

June 12, 2025
Other

Italy forges on with world’s largest suspension bridge

June 12, 2025
Other

EU crypto regulation hampered by national flaws

June 12, 2025
Other

US stocks rally fades after China trade framework, oil prices jump

June 12, 2025
Other

From fishing family to Big Tech: French CEO takes on Silicon Valley

June 11, 2025
Other

Italy forges on with world’s largest suspension bridge

June 12, 2025
Next Post

Power returns to most of Spain, Portugal after massive blackout

ChatGPT adds shopping help, intensifying Google rivalry

Markets rise as traders gear up for earnings, key jobs data

Dead salmon create election stink on Australian island

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

California sues Trump for scrapping state’s EV rules

June 12, 2025

Trump moves to block California electric cars program

June 12, 2025

At least 265 dead in India plane crash, one passenger survives

June 12, 2025

Air India crash latest test for new Boeing leadership

June 12, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.