BRICS member Saudi Arabia has issued a new warning to the G7 alliance, urging them not to seize $300 billion in frozen Russian assets. Saudi Arabia privately hinted earlier this year it might sell some European debt holdings if the G7 went through with the seizure, according to a Bloomberg report. The G7 initially proposed …
Union environment minister Bhupender Yadav on Friday urged ministers of the BRICS bloc to ensure that available carbon space is utilised by developing countries, while stressing that a larger BRICS can now set the agenda, priorities and way forward for tackling environmental challenges. Union environment minister Bhupender Yadav (left) and MoS (environment) Kirti Vardhan Singh …
As the BRICS economic alliance continues to implement its own de-dollarization efforts, more than $70 billion in trade will no longer be settled in US dollars. Indeed, the bloc is set to implement a landmark trade agreement. Specifically, they will seek to decrease reliance on the greenback in unilateral trade. The agreement will see the …
Pakistan has applied for membership in the BRICS grouping and sought Russia’s support, the country’s envoy to Moscow Muhammad Khalid Jamali has said. Pakistani flag(Bloomberg) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Pakistan has filed an application to join the BRICS group of nations in 2024 and is counting on Russia’s assistance during the membership process, Russia’s official …
South African President Cyril Ramaphosa will chair a video summit with BRICS leaders on Tuesday to discuss the Israel-Hamas conflict. The heads of state of six countries invited to join the group earlier this year — Saudi Arabia, Iran, Egypt, Ethiopia, Argentina and the United Arab Emirates — will attend the talks, the presidency said …