BRICS News Digest for the previous week
Brazil supports Venezuela's entry into BRICS
In Brasilia, Venezuelan president exalted the role of BRICS in building a world based on cooperation
Venezuelan President Nicolas Maduro and his wife, Congresswoman Cilia Flores, were received with honours on Monday by Brazilian President Lula da Silva and first lady Rosangela da Silva at the Planalto Palace in Brasilia, as reported by teleSUR, a partner of TV BRICS.
BRICS union to increase the influence of developing countries in the international arena
This was announced by the BRICS foreign ministers in Cape Town
BRICS foreign ministers met in Cape Town on Thursday 1 June. One of the current issues on the agenda is working out the criteria for accepting new members into BRICS. In addition, work will continue on preparations for the August 15th summit of the association.
Saudi Arabia intends to join the BRICS bank
The country may become the ninth member of the New Development Bank
Saudi Arabia has begun negotiations to join the New Development Bank (NDB) of BRICS. The country may receive the status of the ninth member of this financial institution, as reported by the 'Vedomosti' newspaper, citing the Financial Times, which received a statement from the organization.
President of Brazil announces Belem as COP30 venue
The conference will take place in November 2025
The city of Belem will host the 30th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP30). The announcement was made on Friday, 26 May, by President Luis Inacio Lula da Silva on his social media account,
Lavrov: Lula's idea of settlements between the five countries in national currencies to be discussed at BRICS summit
Russian foreign minister said the decision would have a healing effect on the global economy
Russian Foreign Minister, Sergei Lavrov quoted the Brazilian President, Luiz Inacio Lula da Silva as saying the shift to settlements between countries in national currencies would have a "healing effect" on international trade.
Indian Prime Minister Modi inaugurates the country's new Parliament building
A series of ceremonial activities to inaugurate the complex began at dawn
Indian Prime Minister Narendra Modi on Sunday inaugurated the country's new parliament building by unveiling the plaque marking the inauguration, as reported by ANI, a partner of TV BRICS.
NDB issues $1.2bn bond on China Interbank Bond Market
The net proceeds from the sale of the bonds will be used to finance sustainable development projects
The BRICS New Development Bank (NDB) has successfully issued CNY 8.5 billion ($1.2 billion) in bonds on the China Interbank Bond Market as part of a strategy to diversify the bank's presence in capital markets and mobilise resources to finance sustainable development projects.
Participants of the Russia-South Africa Business Council note growth in trade between the countries
The Russia-South Africa Business Council meeting was held at the Russian Chamber of Commerce and Industry
Trade between Russia and the Republic of South Africa is growing. In 2022 it has increased by more than 15 per cent to about 1.3 billion US dollars. This was revealed by the participants of the Russia-South Africa Business Council. The meeting was held at the Russian Chamber of Commerce and Industry.
Head of the NDB speaks at the opening of the 8th annual meeting of the financial institution in Shanghai
She confirmed the possibility of creating a single currency for the BRICS countries
Dilma Rousseff, former president of Brazil and president of the New Development Bank (NDB), also known as the BRICS bank, spoke at the opening of the 8th annual meeting of the financial institution in Shanghai. In her speech, she reiterated the potential creation of a single currency of the five countries for commercial and financial mutual settlements