BRICS

January 21, 2025 10:39 AM

“As a BRICS nation, they’ll have 100 per cent tariff if…”: US President Trump on de-dollarization

US President Donald Trump issued a stern warning to BRICS nations on Monday, declaring that countries in the group would face 100 percent tariffs on trade with the US if they continue their push for de-dollarization. Speaking during a signing ceremony at the Oval Office, Trump made it clear that any attempt by BRICS nations to reduce the use of the US dollar in global trade would be met with harsh consequences. "As a BRICS nation... they'll have a 100 percent tariff if they so much as even thin...

January 7, 2025 9:03 AM

Indonesia officially joins BRICS as full member, endorsed by leaders of block

Brazil has announced that Indonesia has become a full member of the BRICS group. Brazil, which holds the presidency of the BRICS in 2025, said that Indonesia's candidature was endorsed by leaders of the bloc at the Johannesburg summit in 2023. In a statement, the Brazilian Foreign Ministry welcomed Indonesia for its entry into BRICS. It said that Indonesia and other BRICS members support the reform of the global governance institutions. "The Brazilian government welcomes Indonesia for its entr...

December 18, 2024 3:14 PM

China ready to strengthen trust, bring relations back to track: Chinese Ambassador to India

Ahead of the meeting on Wednesday between the Special Representatives of India and China to address the boundary dispute, Chinese Ambassador to India, Xu Feihong, reiterated Beijing's readiness to cooperate with New Delhi in implementing the agreements made between Prime Minister Narendra Modi and President Xi Jinping during the BRICS summit in Kazan. The upcoming talks in Beijing will be led by India's National Security Advisor, Ajit Doval, and China's Minister of Foreign Affairs, Wang Yi, as ...

November 28, 2024 9:39 PM

Russia hands over BRICS chairmanship to Brazil at Sherpa meeting in Ekaterinburg

The final Sherpa and Sous-Sherpa meeting of BRICS in Ekaterinburg concluded on Thursday with the ceremonial handover of the BRICS chairmanship from Russia to Brazil, marking the end of a pivotal year for the bloc under Russia’s leadership. Sergey Ryabkov, Russia's Deputy Foreign Minister and BRICS Sherpa, reflected on the achievements of Russia's presidency during the past year. Speaking at the meeting, he highlighted the progress made by BRICS nations in various sectors, including politics, ...

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...