BRICS

November 14, 2024 12:35 PM

BRICS offered Turkey partner country status, Turkish trade minister says

Turkey was offered partner country status by the BRICS group of nations, Trade Minister Omer Bolat said, as Ankara continues what it calls its efforts to balance its Eastern and Western ties. Turkey, a NATO member, has in recent months voiced interest in joining the BRICS group of emerging economies, comprising Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, and the United Arab Emirates. Turkish President Tayyip Erdogan attended a BRICS leaders' summit hosted by Russian Pres...

October 24, 2024 3:38 PM

BRICS Summit: Major takeaways from PM Narendra Modi’s Russia visit

Prime Minister Narendra Modi recently visited Kazan, Russia, to attend the 16th BRICS Summit. The summit, held under Russia’s chairmanship, focused on several global issues, including economic cooperation, peace and security, climate change, and terrorism. PM Modi held significant bilateral meetings during the visit. India and Russia discussed the ongoing Ukraine crisis, emphasizing peaceful resolutions, and addressed the repatriation of Indian nationals from the Russian Army. PM Modi also ex...

October 23, 2024 10:40 PM

Attackers kill 4, injure 14 at Turkish state aviation site

Four people were killed and 14 others wounded in an attack at the Turkish Aerospace Industries' headquarters on Wednesday, the government said, and witnesses said they heard gunfire and a loud explosion at the site near Ankara. Interior Minister Ali Yerlikaya said two attackers were killed in what he called a terrorist attack, adding three of the injured are in critical condition. TV broadcasters earlier showed footage of armed assailants entering the TUSAS building. "Two terrorists were neutr...

October 23, 2024 6:38 PM

Russia says ‘unprecedented’ cyber attack hits foreign ministry amid BRICS summit

The Russian Foreign Ministry was targeted by a severe cyber attack on Wednesday, coinciding with the major BRICS summit taking place in the country, spokeswoman Maria Zakharova said. Earlier Zakharova said that the ministry had been targeted by a large-scale distributed denial-of-service attack (DDoS). "A massive cyberattack from abroad began this morning on the infrastructure of the official website, the Russian Foreign Ministry's portal," Zakharova said. She noted that the ministry regularl...

October 23, 2024 6:35 PM

BRICS leaders tout joint finance, trade projects at Russian summit

Leaders of the nations in the BRICS grouping, which accounts for 37% of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments system. Russia's President Vladimir Putin, who has sought support from BRICS leaders amid his standoff with the West over the war in Ukraine, said that BRICS' average economic growth in 2024/25 would be 3.8%, compared to global growth of 3.2-3.3%. "T...

October 23, 2024 5:23 PM

PM Modi calls climate change a ‘common priority’ for BRICS nations, highlights India’s initiatives

Prime Minister Narendra Modi on Wednesday emphasized the significance of climate change as a 'common priority' at the BRICS Leaders' Summit in Kazan, held under Russia's presidency. “I want to thank President Putin for the successful organization of the 16th BRICS Summit. I once again heartily welcome the new colleagues associated with BRICS. In its new form, BRICS represents 40% of the world's population and about 30% of the global economy,” PM Modi said during his address. He further dis...

October 23, 2024 4:44 PM

Russia’s Putin outlines BRICS grain exchange proposal

Russia proposed the creation of a BRICS grain exchange, which could later be expanded to trade other major commodities, President Vladimir Putin said in opening remarks to a summit of leaders of the BRICS countries on Wednesday. "BRICS countries are among the world's largest producers of grains, legumes, and oilseeds. In this regard, we proposed opening a BRICS grain exchange," Putin told the leaders. He added that the exchange "will contribute to the formation of fair and predictable price in...

October 23, 2024 4:05 PM

PM Modi and Chinese President Xi discuss Ukraine war with Putin as BRICS considers expansion

China's Xi Jinping, PM Narendra Modi and some other BRICS leaders discussed the war in Ukraine with President Vladimir Putin as the Kremlin chief chaired a major summit aimed at showing Western attempts to isolate Russia have failed. BRICS - an idea thought up inside Goldman Sachs two decades ago to describe the growing economic clout of China and other major emerging markets - is now a group that accounts for 45% of the world's population and 35% of the global economy. But there are divisions...

October 22, 2024 9:21 AM

India attaches immense importance to BRICS, says PM Modi as he embarks on Russia visit

Prime Minister Narendra Modi on Tuesday embarked on a two-day visit to Kazan, Russia, to attend the 16th BRICS Summit, underscoring that India attaches immense importance to the grouping. Sharing a post on X ahead of his departure, PM Modi wrote, "Leaving for Kazan, Russia, to take part in the BRICS Summit. India attaches immense importance to BRICS, and I look forward to extensive discussions on a wide range of subjects. I also look forward to meeting various leaders there." The Prime Minister...

October 22, 2024 8:47 AM

Prime Minister Narendra Modi departs for Russia to attend BRICS Summit in Kazan

Prime Minister Narendra Modi on Tuesday departed for his two-day visit to Russia to attend the BRICS Summit in Kazan. The 16th BRICS Summit in Kazan is being held under the chairmanship of Russia from October 22-24. During his visit, PM Modi 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, "The Summit, themed 'Strengthening Multilateralism for Just Global Development and Secur...