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BRICS

Israel And Its Neighborhood, An Interview With Ambassador Chas Freeman

A German newspaper recently published an interview with the Egyptian foreign minister, Sameh Shoukry, who expressed his profound frustration with the Americans as Israel continues its assault in Gaza—and now the West Bank and Lebanon. You can’t work with the Americans, he complained in so many words. They say one thing, they rarely mean it, and typically do something else altogether. It prompts my first question in the context of the enlarging crisis in West Asia, please comment on the diplomatic positions of America’s allies in the region. What, generally, is going through their minds? Why haven’t they reacted more vigorously to the Israeli assault? Are they simply “bought,” in one or another way? Or is there more to it?

Xi Jinping: Global South Countries March Together To Modernisation

The summit meeting of the BRICS cooperation mechanism was held, October 22-24, in Kazan, the capital city of the Republic of Tatarstan in the Russian Federation, and was hosted by Russian President Vladimir Putin. Alongside dozens of other events within its framework, the summit of the nine full members of BRICS was held on October 23, under the theme “Strengthening Multilateralism for Equitable Global Development and Security”. This was the first such gathering in which Brazil, Russia, India, China and South Africa were joined by Ethiopia, Egypt, the United Arab Emirates (UAE) and Iran, since the 2023 summit meeting held in South Africa invited the latter four countries to take up full membership in the first wave of BRICS expansion.

BRICS Adds 13 New ‘Partner Countries’ At Historic Summit In Kazan, Russia

The Global South-led organization BRICS is growing. More and more countries support the group’s mission: to build a multipolar world, with alternative economic institutions that are more representative and democratic, not dominated by the Western powers. BRICS held a summit in Kazan, Russia in October 2024, where 13 new “partner nations” were accepted. At this historic meeting, China’s President Xi Jinping referred to BRICS as “a vanguard for advancing global governance reform” and “reform of the international financial architecture”. Bolivia’s left-wing President Luis Arce argued that “the shield of BRICS and multipolarity” can protect formerly colonized nations, helping them resist “Western unipolarity and the tyranny of the dollar”.

BRICS Grain Exchange Would Depoliticize Global Cereal Market

Russia proposed creating a BRICS grain exchange that would serve as a new trading platform for the world’s largest producers and consumers of food grains. The measure could help depoliticize global markets and eliminate intermediaries in the form of Western exchanges, according to experts consulted by Sputnik. The dominance of the United States in the world economy did not start with the dollar. After the Second World War, the US became the leading supplier of wheat and corn. As a result, the entire modern infrastructure of the global grain market has been shaped by Washington. Thus, the benchmarks are made by the Chicago Mercantile Exchange (CME), and the US dollar is primarily used as the settlement currency.

16th BRICS Summit Opens In Kazan, Russia

During his speech at the ongoing BRICS summit on Wednesday, October 23, Russian President Vladimir Putin expressed his desire to see the grouping play a greater role in global affairs and in resolving regional and international challenges. Putin asserted that BRICS unites “like minded countries, civilizations, and cultures” and “all member states stand for equality, good neighborly relations, and mutual respect, for high ideals of friendship, global prosperity, and well-being.” The 16th summit of the 10-member grouping is being held in Russia’s fifth largest city of Kazan from October 22 to October 24.

Why Brazil Opposes Venezuela’s Entry Into BRICS

On Monday, it was reported that Brazil would oppose Venezuela’s entry into the BRICS group. The 16th Summit of the BRICS organization is taking place this week in the Russian city of Kazan. President Nicolás Maduro was invited by the Russian president himself, Vladimir Putin, at the beginning of August, and is attending with a Venezuelan delegation. The Brazilian government’s advisor for international affairs, former foreign minister Celso Amorim, announced that Brazil would seek to prevent Venezuela from joining BRICS. The instruction to veto Caracas’s possible accession came from Brazilian President Luiz Inácio Lula da Silva.

Elite US Economist Warns: Dollar System Is Weakening As Gold BRICS Rise

More and more countries around the world, particularly in the Global South, are seeking alternatives to the US dollar-dominated financial system, as part of an international drive known as de-dollarization. Many Western media outlets and pundits, however, have argued that de-dollarization is overblown. One of such naysayers is New York Times columnist Paul Krugman, a centrist economist who was awarded the so-called “Nobel Prize” in economics (which in reality is issued by Sweden’s conservative central bank). In a 2023 article, Krugman claimed to “debunk” the critics of the dollar system, asserting that “the hype about de-dollarization is much ado about almost nothing”.

BRICS Plans ‘Multi-Currency System’ To Challenge US Dollar Dominance

The Global South-oriented organization BRICS has released plans to transform the international monetary and financial system and challenge the dominance of the US dollar. As the chair of BRICS for 2024, Russia proposed the creation of a BRICS Cross-Border Payment Initiative (BCBPI), in which members of the organization will use their national currencies to trade. BRICS will likewise establish an alternative messaging infrastructure to circumvent the SWIFT system of interbank communication, which is overseen by the United States and subject to Western unilateral sanctions. This “multi-currency system” will also include new mechanisms not only to de-dollarize trade, but also to encourage investment in BRICS members and other emerging markets and developing economies, including a BRICS Clear platform, a “new system of securities accounting and settlement”, and financial instruments denominated in national currencies.

Resetting BRICS For The South Slavs, New Europe And The World

On October 22, in the capital of the Russian Republic of Tatarstan, located less than five hours along the M-12 “Vostok” highway from Moscow, the 16th Kazan BRICS summit opens – an association of 10 countries of a new geopolitical format, ahead of all the slow-moving Western alliances that has fallen into recession or stagnation. Already, Kazan is fully ready to host the leaders of more than 33 countries participating in the BRICS summit in a year when Russia is the chairman of the association of leaders of the multipolar world. The Moscow Kremlin noted that Kazan is fully prepared to host more than 20,000 guests and the summit organizers took into account the interests of more than 30 countries planning to receive an invitation to BRICS or become partner states of this association in the near future.

Between Russia And Iran All’s Well That Ends Well

The mystery about the hastily-arranged “working meeting” between Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian at Ashgabat, Turkmenistan, has only deepened after the event. This was their first-ever meeting. Putin didn’t even have the post-event presser. Why such a meeting last Friday was considered necessary becomes an intriguing thought, as the two leaders are to meet in Kazan, Russia, within days on the sidelines of the BRICS Summit on Oct. 22-24. Russia and Iran have had a difficult relationship through centuries.

Cuba Under Intensified US Sanctions Confronts Its Greatest Challenge

Despite draconian coercive measures by the US – overwhelmingly condemned every year by the UN General Assembly, with the next vote slated for October 29-30 – the Cuban Revolution has had extraordinary successes. This small, impoverished, formerly colonized island nation has achieved levels of education, medical services, and performance in many other fields, including sports, that rival the first world, through the application of socialist principles. Cuba has rightly become a model of internationalism and an exemplar of socialism. As a consequence, every US administration for over six decades has targeted this “threat of a good example.”

Applying/Misapplying Gramsci’s Passive Revolution To Latin America

The second wave of progressive Latin American governments that began with the election of Andrés Manuel López Obrador in Mexico in 2018 does not have the aura of excitement surrounding the first, dating back to Hugo Chávez in 1998. It is not only characterized by pragmatism, but lacks the slogans and banners of radical change associated with Chávez and Evo Morales. As stated by former Bolivian vice president Álvaro García Linera in the face of challenges from an aggressive right, the second-wave left “turned up to the fight in an already exhausted state.”

Russian Foreign Minister Sergey Lavrov Speaks At UN General Assembly

A few days ago, this building hosted a forum called the Summit of the Future. Russia was supportive of the idea of the Secretary-General to convene it, since the crisis of our Organisation is deepening and something needs to be done about this. We devoted our efforts to preparing the summit. However, we were realistic in our expectations. There have been many ambitious events in the modern history of the United Nations which ended up with loud declarations which were soon forgotten. The Millenium Summit proclaimed the goal to “free the peoples from the scourge of war”. Two years later the United States of America, at the head of the coalition of the willing, invaded Iraq – the country which has yet to get over the devastating consequences of this affair – under a ridiculous pretext, without the mandate of the UN Security Council.

African Nations Push For Urgent United Nations Reforms

In the ongoing 79th session of the UN General Assembly, heads of state from African countries reiterated their demand for an urgent reform in global decision making and greater representation of their continent in the Security Council. The African leaders claim that their current exclusion from the crucial decision making institutions is a legacy of colonialism and demanded urgent changes. They underlined that highlighting their exclusion is not merely an attempt to claim representation but to gain real say in crucial decision making on issues directly affecting the African countries and their future, such as peace and security challenges, conflict resolution, climate change, and sustainable development.

BRICS, The Dollar, And The End Of US Empire, With Ben Norton

The United States is socially, politically and economically in crisis. As an increasingly large number of people are priced out of the economy, fewer and fewer buy into the sham of electoral politics. On the world stage, too, the U.S. is suffering. Countries everywhere are beginning to drop the dollar as the standard unit of exchange, and Washington’s prestige has been severely shaken due to its relentless, unequivocal support for Israel’s genocide in Gaza. Ben Norton joins MintCast host Mnar Adley to discuss all this and more. Norton is an investigative journalist and founder of Geopolitical Economy Report, a news source dedicated to looking at the world and seeing the big picture. He is currently pursuing a PhD in Beijing, China.
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