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.
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.
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.
BRICS leaders expanded their New Delhi summit with a second group of partner countries after unanimously adopting a 140-point declaration.
Speaking at a BRICS summit outreach session, Vladimir Putin said member states have independent channels for trade, finance and investment that are not constrained by external pressure.
Russian President Vladimir Putin said the complementarity of BRICS member economies is a key, still underused resource for the grouping’s development and practical cooperation.
Russian President Vladimir Putin said at a BRICS outreach summit that intra-BRICS trade turnover had reached $1.2 trillion, while also highlighting the bloc’s role in global growth and the need to strengthen its financial mechanisms.