Argentina will likely withdraw its application to join BRICS

Argentina will likely withdraw its application to join BRICS

    Tuesday, November 21, 2023   No comments

With a new president who wants to align Argentina with the US, especially if Trump returns to the White House next year, Argentina is likely to halt its pursuit of joining BRICS.

Diana Mondino, the candidate for Argentine Foreign Minister, relayed to Sputnik after the elections that Argentina will not be joining BRICS.

 “I don’t know why there is such interest in BRICS,” Mondino added.

 Mondino further added that joint collaborations with China and Brazil will stop, despite them being Argentina's main trading partners, as she stressed that the country intends to stay in the South American trade bloc Mercosur.

 It is worth noting that Milei is against joining BRICS.

Earlier in August, Argentina, alongside Egypt, Iran, Ethiopia, UAE, and Saudi Arabia were invited to join BRICS.

Argentinian president Fernandez articulated at the time that Buenos Aires is grappling with an economic crisis with high inflation and weak foreign currency reserves, and was looking to join the bloc.

Meanwhile, BRICS nations meet today in a virtual summit to discuss the crisis in Gaza. After the meeting, the President of South Africa read the final statement of the BRICS countries regarding the situation in the Gaza Strip.

The statement expresses condolences to all those affected in Israel and the Gaza Strip, while also accusing Israel of violating international law. Ramaphosa, states that the primary cause of the conflict is Israel's illegal construction of settlements. The President of South Africa calls for the release of hostages taken during the Palestinian-Israeli conflict — a statement from the BRICS countries. The President of South Africa urges the International Criminal Court to initiate an investigation into those who committed war crimes during the Palestinian-Israeli conflict — a statement from the BRICS countries.

The aftermath of BRICS expansion: The West will warn its Arab Allies who joined the Bloc

The aftermath of BRICS expansion: The West will warn its Arab Allies who joined the Bloc

    Monday, September 04, 2023   No comments

BRICS membership expanded, and with that expansion comes benefits and responsibilities. Among them is closer economic cooperation among member states. This would mean that Russia, the hardest hit country by Western sanctions, and Iran, the second longest hit country by Western sanctions will be able to trade without fear of Western limits. Tow of the Arab nations that joined BRICS recently, Saudi Arabia and UAE, will feel the heat from their Western allies. It already started.

Officials from the US, UK, and EU are planning to “jointly press” the UAE into halting shipments of goods to Russia that "could help Moscow in its war against Ukraine,' according to western officials who spoke with the Wall Street Journal (WSJ).

Several US and European officials started a trip to the Gulf monarchy on 4 September “as part of a collective global push to keep computer chips, electronic components, and other so-called dual-use products” away from Russia.

Western envoys also traveled “jointly and separately” to countries such as Turkiye and Kazakhstan to pressure authorities into preventing western dual-use products from reaching Russia.

Despite ongoing pressure from the west, Abu Dhabi has not enforced sanctions imposed on Russia, instead deepening cooperation with the Kremlin. Nonetheless, the Gulf nation has condemned the invasion of Ukraine at the UN several times, and an Emirati official told the WSJ that the country enforces UN-imposed sanctions on Russia.

The official added the Gulf state is monitoring the export of dual-use products and is committed to protecting “the integrity of the global financial system.”

In response to the position taken by the UAE, US officials publicly labeled the UAE "a country of focus" earlier this year as they look to clamp down on Russia's ties with independent nations.

Dubai, in particular, has reaped the benefits of the Emirati government's neutrality, as Russian nationals have become the largest buying group of real estate in the luxurious Emirate, which has also become a hub for Russian oil traders.

The new pressure campaign from the west comes less than two weeks after the UAE was officially invited to join the Russian and Chinese-led BRICS+ group of nations. The expanded bloc also pledged to help Africa develop its local economy through investments by member states who have the cash and loans from the New Development Bank (BRICS bank). UAE, a country with cash that need to be invested, is taking advantage of this new opportunity.

The UAE pledged $4.5 billion in clean energy investments for the African continent on 5 September during the second day of the three-day African Climate Summit held in the Kenyan capital, Nairobi.

“We will deploy $4.5 billion … to jumpstart a pipeline of bankable clean energy projects in this very important continent,” Sultan Ahmed al-Jaber, the head of state-owned renewable energy firm Masdar and the Emirati national oil company ADNOC, told attendees on Tuesday.

“If Africa loses, we all lose,” warned Jaber, adding that the investment aims “to develop 15 GW (gigawatts) of clean power by 2030” and “catalyze at least an additional $12.5 billion from multilateral, public and private sources.”

Jaber, who is also president of the upcoming COP28 climate summit to be hosted by the UAE, said a consortium including Masdar would help achieve the clean power goals and stressed that a “surgical intervention of the global financial architecture that was built for a different era” is needed, urging institutions to lower debt burdens.

According to the International Renewable Energy Agency (IREA), Africa’s renewable generation capacity was 56 GW in 2022. Despite possessing an abundance of natural resources, just 3 percent of energy investments worldwide are made in Africa.

The three-day climate summit in Nairobi has attracted heads of state, government, and industry, including UN head Antonio Guterres, EU chief Ursula von der Leyen, and US climate envoy John Kerry.

“Renewable energy could be the African miracle, but we must make it happen,” Guterres told the summit on Monday. He also addressed the member states of the G20 to “assume your responsibilities” in the battle to combat climate catastrophe.

Kenyan President William Ruto said trillions of dollars in “green investment opportunities” would be needed as the climate crisis accelerates.

“Africa holds the key to accelerating decarbonization of the global economy. We are not just a continent rich in resources. We are a powerhouse of untapped potential, eager to engage and fairly compete in the global markets,” Ruto said.

Abu Dhabi sealed a deal with Egypt in June to build Africa's largest wind farm as the nation looks to rapidly expand the use of clean energy abroad and at home, where it operates three nuclear power reactors. The UAE also has three of the world's largest and lowest-cost solar plants. 

This focus on clean energy is part of the UAE’s Net Zero by 2050 Strategic Initiative.

The development of renewable energy sources has recently become a priority for Gulf states, including Saudi Arabia, which plans to source 50 percent of its energy requirements from renewables by 2030.

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Including Iran and Saudi Arabia.. 6 new countries join as full members of the "BRICS"

Including Iran and Saudi Arabia.. 6 new countries join as full members of the "BRICS"

    Thursday, August 24, 2023   No comments

Today, Thursday, 6 countries joined as full members of the "BRICS" group, namely Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE.

The Final declaration states:

91. We have decided to invite the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of BRICS from 1 January 2024.  

In the details, South African President Cyril Ramaphosa said, during his participation in the activities of the third day of the "BRICS" group, that his country had agreed to join Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE as full members.

For his part, Russian President Vladimir Putin congratulated the new countries, saying: "I congratulate the new members of BRICS, and we promise the other members who wish to join, to open the door for them at the next summit."

Putin added, "It was a rich and important summit, and I congratulate all heads of state on the spirit of cooperation," calling for more cooperation, solidarity, and work towards development.

Indian Prime Minister Narendra Modi said that India supports the development and expansion of BRICS.

Modi pointed out that the development of the group is "a message that the whole world must hear," and it is an example of the amendments that must be made in various institutions.

In turn, Chinese President Xi Jinping said that the BRICS countries "have great influence and are responsible for establishing peace and stability in the world."

He also congratulated the countries that joined the "BRICS" and that made their decision to deal with developed and emerging countries, according to him.

During the speeches of the leaders of the countries at the closing session of the "BRICS" summit, Brazilian President Lula da Silva said that there is a one-sided world that threatens diversity and pluralism.

Lula added that the world is suffering from economic recession and lack of food security, saying: "We seek to reach a more just world."

For his part, the President of the UAE, Mohammed bin Zayed Al Nahyan, expressed his appreciation for the BRICS group's agreement to include his country in the group.

Bin Zayed said, in a tweet on the "X" platform, "We appreciate the agreement of the leaders of the BRICS group to include the United Arab Emirates in this important group."

He continued, "We look forward to working together for the prosperity and benefit of all countries and peoples of the world."

Iranian President Ebrahim Raisi confirmed today, Thursday, that "the expansion of the BRICS group shows that the unilateral approach is on its way to disappearing."

Raisi, during his meeting with his Chinese counterpart Xi Jinping, stressed that Iran's accession to the "BRICS" group would strengthen the bloc's opposition to American hegemony.

In a speech at the conclusion of the 15th BRICS summit, Raisi affirmed that Tehran supports the group's efforts to abandon the dollar in financial transactions, adding that "BRICS opens new horizons, and it is a way towards building a multipolar world."

Likewise, the Iranian president praised the decision of BRICS members to expand the group, which "provides grounds for continuing international development in a more equitable manner."

In his speech, the Iranian president reiterated his country's rejection of "all discriminatory and racist policies by the Israeli occupation against the Palestinian people."

For his part, Chinese President Xi Jinping said that his country is "ready to strengthen cooperation with Iran, within the framework of the BRICS group and other multilateral blocs."

On the sidelines of a BRICS leaders' summit in South Africa, Xi told Raisi that Beijing "is willing to strengthen friendship and deepen mutual trust with the Iranian side, and continue to support each other on issues of common core interests."

Another senior Iranian official welcomed his country's admission to the "BRICS" group of emerging countries, which so far includes Brazil, Russia, India, China and South Africa, describing it as a "strategic success" for its foreign policy.

"Permanent membership in the Global Emerging Economies Group is a historic event and a strategic success for the Islamic Republic's foreign policy," Mohammad Jamshidi, political advisor to Iranian President Ebrahim Raisi, wrote on the X platform.

For his part, Ethiopian Prime Minister Abiy Ahmed praised the BRICS announcement of his country's accession to the group.

"This is a great moment for Ethiopia as BRICS leaders endorse us joining this group today," Abiy Ahmed said on X, formerly known as Twitter.

He added that his country is ready to cooperate with everyone for a comprehensive and prosperous world order.

The activities of the fifteenth international meeting of the BRICS 2023 summit began on Tuesday in Johannesburg, South Africa.

Yesterday, the leaders of the "BRICS" summit declared, in its second meeting, its firm stand against hegemony and neo-colonialism.

The leaders of 4 countries are participating in the summit personally, and they are Chinese President Xi Jinping, Brazilian President Lula da Silva, Indian Prime Minister Narendra Modi, and South African President Cyril Ramaphosa, while Russian President Vladimir Putin participates, via video technology, while the Russian delegation is headed. Participant in the summit, Foreign Minister Sergey Lavrov.

The announcement of the final statement of the “BRICS” summit … details affecting the United Nations and the Security Council to give more democracy and effectiveness to the organization

In their closing statement issued today, Thursday, the BRICS leaders expressed concern about the use of unilateral measures that negatively affect developing countries.

The BRICS leaders supported reforms in the United Nations, including the Security Council, in order to make the organization more democratic and effective.

The text of the final statement following the summit currently held in Johannesburg, South Africa, stated: “We express our concern about the use of unilateral coercive measures, which are inconsistent with the principles of the United Nations Charter and lead to negative consequences, especially in developing countries.”

He added, “We reaffirm our commitment to strengthening and improving global governance by promoting a more flexible, effective and efficient system … a democratic and accountable multilateral international system.”

According to the declaration: “We call for increased participation of emerging markets and developing countries in international organizations and multilateral forums.”

According to the declaration, the BRICS countries support the continuation of cooperation within the bloc to enhance the interconnection of supply chains and payment systems.

And the statement continued: “We reaffirm that openness, efficiency, stability and reliability are essential to addressing economic recovery and stimulating international trade and investment. We call for more cooperation between the BRICS countries to enhance the interconnection between supply chains and payment systems in order to stimulate trade and investment flows.

"The leaders of the BRICS group reaffirm their support for the establishment of an open and fair international trade system based on the rules of the World Trade Organization," the statement said.

In the statement, BRICS stressed the need to solve the Iranian nuclear problem through peaceful and diplomatic means, and in accordance with international law.

The statement added, "We call for strengthening arms control and non-proliferation, including the Convention on the Prohibition of the Development, Production and Stockpiling of Bacteriological (Biological) and Toxin Weapons and on Their Destruction, and the Convention on the Prohibition of the Development, Production, Stockpiling and Use of Chemical Weapons and on Their Destruction."

“We stress the importance of encouraging the use of national currencies in international trade and financial transactions, whether within the BRICS countries or with trading partners,” the statement said.

The statement added: “We call on the space agencies of the BRICS countries to continue to increase the level of cooperation in the field of exchanging data via satellites and their applications in order to provide information support for the economic and social development of the BRICS countries.”

And the statement continued: “We recall our national positions regarding the conflict in and around Ukraine, which were expressed in relevant forums, including the UN Security Council and the UN General Assembly. We note with appreciation the offers of mediation and the special good offices in this matter aimed at resolving the conflict by peaceful means through dialogue and diplomacy, including the peace mission undertaken by African leaders, and the proposed path to peace.

"Recognizing that BRICS countries produce a third of the world's food, we reaffirm our commitment to strengthening cooperation in agriculture and developing sustainable agriculture for BRICS countries to improve food security within BRICS countries and around the world," the statement added.

According to the statement: “BRICS countries appreciate the great interest shown by the countries of the Global South in BRICS membership.”

"We stress the need to help countries going through the post-conflict stage for recovery and development, and we call on the international community to help countries achieve their development goals," the statement said.

The document stated that “Brazil, India, China and South Africa express their full support for Russia, regarding its presidency of the “BRICS” group, in 2024, and the holding of the sixteenth “BRICS” summit in the Russian city of Kazan.

Algerian President Abdelmadjid Tebboune: Algeria had submitted an official request to join the BRICS group

Algerian President Abdelmadjid Tebboune: Algeria had submitted an official request to join the BRICS group

    Sunday, July 23, 2023   No comments

On Friday, the Algerian “An-Nahar” TV quoted the Algerian President, Abdelmadjid Tebboune, as saying that Algeria has submitted an official request to join the “BRICS” group, and that it will become a shareholder in the “BRICS” bank, with an amount of $ 1.5 billion.

Tebboune said, "Algeria has officially asked the president of the BRICS bank, Dilma Rousseff, to agree to be a shareholder in the bloc's bank," noting that "Algeria's first contribution will be $1.5 billion."

Earlier, Tebboune considered that his country's accession to the "BRICS" group would help it in development, more than the assistance of international financial bodies, adding that "the BRICS bank contains $100 billion, more than the World Bank."

Likewise, Tebboune said, on December 22, 2022, that "Algeria is close to joining the BRICS bloc," stressing that the BRICS countries will not mind granting Algeria full membership, and that they have approval from Russia.

The North African country, which is rich in oil and gas, seeks to diversify its economy and strengthen its partnership with countries such as China. Tebboune announced, during his visit to Beijing, that China will invest $36 billion in various fields in his country, including industry, modern technology, the knowledge economy, transportation, and agriculture.

In turn, a South African diplomat said, yesterday, Thursday, that 22 countries have submitted an official request to become members of the "BRICS" economic bloc, adding that countries, including Saudi Arabia and Iran, have officially requested to become members of the "BRICS" group, while the countries that have expressed interest in joining include Argentina, the Emirates, Algeria, Egypt, Bahrain and Indonesia.

Report: The new "BRICS" currency poses a threat to the West

Report: The new "BRICS" currency poses a threat to the West

    Monday, June 05, 2023   No comments

Russian Finance Minister Anton Siluanov said that instead of considering the BRICS currency as an alternative currency, "we will initially work to settle trade between the BRICS countries, and this could, in theory, create conditions for stronger monetary relations between the member states," according to UNHERD website.

The BRICS countries call for a “rebalancing” of the global system.. and Lavrov confirms the discussion of the issue of Saudi Arabia’s acceptance of the alliance

The BRICS countries call for a “rebalancing” of the global system.. and Lavrov confirms the discussion of the issue of Saudi Arabia’s acceptance of the alliance

    Thursday, June 01, 2023   No comments

The foreign ministers of the BRICS countries, who met Thursday in the Cape, before a summit scheduled for August, whose preparations are dominated by the question of whether Vladimir Putin will come to South Africa or not, called for a "rebalancing" of the global system.

The BRICS countries include South Africa, Brazil, China, India and Russia.

Indian Foreign Minister Subrahmanyam Jaishankar said at the start of the meeting, "The multipolar world is rebalancing and the old methods cannot handle the new situations."

For her part, South African Foreign Minister Naledi Pandor said, "Our discussions today will focus on opportunities to strengthen and transform global governance systems."

Pretoria has long called for the BRICS countries to create balance in a world system dominated by the West.

In response to a question by journalists about the Russian president's attendance at the summit in August, the minister confirmed that "an invitation was extended to each of the five heads of state."

Pandor added that the South African government, which has not taken a position on the possible arrest of the Russian president, is studying "legal options."

Putin has been issued an arrest warrant by the International Criminal Court for the "deportation" of Ukrainian children as part of Moscow's attack on Ukraine.

In theory, as a member of the International Criminal Court, South Africa is supposed to arrest the Russian president if he enters its territory. But the two countries maintain close relations.

Pretoria refuses to condemn Moscow since the start of the war on Ukraine, stressing that it takes a neutral position and prefers dialogue to resolve the crisis, which raises concern in the international arena.

In April, South African President Cyril Ramaphosa said the International Criminal Court's arrest warrant for Putin put South Africa "in a difficult position".

This week, the South African government granted diplomatic immunity to officials who attended the BRICS summit, saying it was standard procedure for organizing international conferences.

On the other hand, Russian Foreign Minister Sergey Lavrov announced today, Thursday, that the issue of accepting Saudi Arabia into the BRICS alliance had already been discussed.

Lavrov told reporters, after a meeting of the BRICS Council of Foreign Ministers, that the foreign ministers of the BRICS countries had already discussed the issue of accepting Saudi Arabia into the group.

Russian Deputy Foreign Minister Sergei Ryabkov said earlier today that "the issue of BRICS expansion will be discussed" during the ministerial meeting in Cape Town.

"There are many strong candidates to join BRICS, and Saudi Arabia is one of them," Ryabkov added.

He continued, "We support their candidacy unconditionally, and will do everything we can to ensure that the process of developing criteria for accepting new members is not delayed."

Russian President Vladimir Putin had previously announced that Russia would continue to develop relations with the Kingdom of Saudi Arabia at the bilateral and multilateral levels, indicating that Moscow supports Riyadh's accession to the BRICS alliance.

During the last summit (2022), Argentina and Iran formally submitted their applications to join BRICS, a move strongly supported by Russia and China.

And the “BRICS” group is a bloc that includes Russia, China, Brazil, South Africa and India. It was founded in 2006, at a summit hosted by the Russian city of Yekaterinburg, and its name changed from “BRICS” to BRICS in 2011, after South Africa joined it. This international group aims to increase economic relations. between them in local currencies, which reduces dependence on the dollar.