BRICS Back Easier Cross-Border Payments
BRICS leaders endorsed practical steps to make cross-border payments faster, cheaper, more transparent, and secure among member countries.
BRICS leaders endorsed practical steps to make cross-border payments faster, cheaper, more transparent, and secure among member countries.
Russian President Vladimir Putin said BRICS basic values and ideals are attractive to many in the world, speaking at the BRICS summit in New Delhi.
On the second day of the BRICS summit in New Delhi, a formal family photo featuring Indian Prime Minister Narendra Modi, Russian President Vladimir Putin, Chinese President Xi Jinping and other BRICS leaders drew wide attention.
CGTN article examines how China’s four global initiatives align with BRICS cooperation to support development, security, people-to-people exchanges, and global governance for the Global South.
India helped bridge sharp divisions among BRICS members to produce a unanimous summit statement on the Middle East, while the bloc also criticized unilateral tariffs and sanctions and pledged deeper economic cooperation.
PM Modi addressed the 18th BRICS Summit session on inclusive global governance, urging greater Global South representation, BRICS capacity-building for diplomats, and proposing a seafarers emergency support network as leaders adopted the New Delhi Declaration.
Indian officials said BRICS is not currently proposing a shared currency, with discussions focused instead on local-currency trade settlement and payment-system cooperation.
UN Secretary-General Antonio Guterres said the BRICS summit reflects the irreversible rise of multipolarity and makes reform of the UN Security Council and other multilateral institutions essential.
Practical BRICS cooperation in digital technologies is already producing results in logistics, e-commerce, digital payments, and manufacturing automation, according to a Russian technology executive.