BRICS Calling for a ceasefire in Gaza: We condemn Israel's attacks on Lebanon and Syria

The BRICS group of countries stressed the need for an immediate and permanent ceasefire in Gaza, expressing its condemnation of the Israeli occupation's targeting of humanitarian operations and aid distribution centers in the Strip.

In a statement issued by the summit held in Russia on Wednesday, BRICS expressed its support for granting occupied Palestine full membership in the United Nations.

In addition, the group's countries confirmed that they consider the occupation's bombing of pagers in Lebanon a violation of international laws, expressing their condemnation of Israel's targeting of Iranian diplomatic buildings in Damascus.

In the statement, BRICS urged all parties to resume the Iranian nuclear agreement, calling for strengthening the "non-proliferation regime and establishing a nuclear-weapon-free zone in the Middle East."

Regarding the war in Ukraine, BRICS countries welcomed "good offices proposals on the Ukrainian settlement."

They also called for accelerating "the development and adoption of a comprehensive agreement to combat international terrorism within the framework of the United Nations," expressing "deep concern about the negative impact of unilateral sanctions on the global economy and other areas," and stressing the group's "leading role in the process of improving the global financial system."

It is noteworthy that the activities of the second day of the BRICS Summit 2024 began on Wednesday in the Russian city of Kazan, where a number of leaders, leaders and guests arrived in the city to participate in the summit, which was held in an expanded manner.

During a brief meeting held by Russian President Vladimir Putin with the group’s leaders, he confirmed “the existence of radical changes in a multipolar world,” stressing that his country “seeks to strengthen BRICS’ position in the world and focus on solving global and local problems,” adding that the group’s countries “show responsibility in their dealings with global situations through actions, not words.”

What to expect from BRICS under Russia's leadership

Russian President Vladimir Putin announced today, Wednesday, during a narrow meeting with the leaders of the BRICS group, that there are radical changes in a multipolar world.

During the meeting, Putin stressed that the BRICS countries have enormous economic, scientific, demographic and political potential.

He pointed out that Russia seeks to strengthen the position of BRICS in the world and focus on solving global and local problems, adding that the group's countries "show responsibility in their dealings with global situations through actions, not words."

The Russian president also stressed that "the BRICS countries' share in the global economy by the end of this year will represent 36.7%, which is more than the share of the G7 countries," adding that "the BRICS countries have become the most powerful economic group in the world."

He stressed that using the dollar as a weapon undermines confidence in it, noting that Russia is not abandoning it but is forced to look for alternatives.

Regarding the expansion of BRICS, Putin said: “Of course, it would be wrong to ignore the unprecedented interest of the countries of the Global South and East in strengthening contacts with the group’s countries, as more than 30 countries have already expressed this desire in one form or another,” but at the same time, “it is necessary to maintain balance and prevent a decline in BRICS’ effectiveness.”

During the meeting, the Russian President proposed to form a list of BRICS partner countries and to fix this in the final declaration of the Kazan Summit.

An alternative to SWIFT and de-dollarization.. BRICS expansion pushes towards a new global financial system

With the BRICS summit being held in the Russian city of Kazan with the participation of 36 countries, the group's aims have begun to materialize in practice, as its serious and decisive efforts to expand its membership circle have become apparent, and thus push towards creating a new financial system, far from the SWIFT system, which serves specific economic entities and entrenches economic crises that harm every entity trying to find a place outside the framework of Western hegemony.

The use of the US dollar and the SWIFT system as a weapon by the United States of America, especially after targeting Russia and separating it from the SWIFT system in 2022, has raised deep concerns about the security of the global financial system centered around America, as this exclusion has serious economic consequences, not only for the targeted countries, but for global trade in general.

This situation has highlighted the urgent need for alternatives to SWIFT, and for a financial system less dependent on the dollar to mitigate such risks. In this context, the group has long been discussing the idea of ​​a BRICS currency, which could be a basket of currencies backed by natural resources such as gold, oil and gas. What helps BRICS is that its countries collectively have larger gold reserves than the International Monetary Fund and the European Central Bank combined, according to the Independent Online website, and it is now seeking to expand its membership.