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🔹Russia chaired the first meeting of BRICS 🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦 Sherpas under its chairmanship in the bloc. Sherpas and sous-sherpas (junior sherpas) are representatives of the heads of state and government involved in the preparation for this year's upcoming meetings and discuss pressing issues of cooperation. For the first time, representatives of five new members of BRICS, Egypt 🇪🇬, Iran 🇮🇷, UAE 🇦🇪, Saudi Arabia 🇸🇦 and Ethiopia 🇪🇹 participated in such a meeting, which took place on Jan. 30 to Feb. 1 2024.
🔹Russia's Foreign Minister S. Lavrov attended and stated that the BRICS intergovernmental group is not intended to be a new tool of hegemonic imperial diktat in world affairs. He also noted that that "Washington 🇺🇸 and those who control the global monetary and financial system have proven their intractability and undependability."
🔹He also noted that with BRICS accounting for 30% of all land on the planet, 45% of the world population and around a quarter of global exports and possessing huge oil 🛢reserves, "we cannot simply sit and wait or follow in the wake of major historical processes.
🔹Tehran expects the shift to payments in national currencies within BRICS to increase during Russia’s chairmanship. Beijing considers it necessary to use national currencies in payments between BRICS member states Egypt expects Russia’s BRICS chairmanship to allow meeting the challenges in the area of food 🌾 and energy security.
🔹The New Development Bank (BRICS Bank), issued bonds worth 6 billion yuan (about $845 million) on the Chinese interbank bond market to finance sustainable development projects. Up to 100% of the proceeds from their sale can be sent abroad in yuan or converted into other currencies.
Video Source: Firstpost
🔹Russia's Foreign Minister S. Lavrov attended and stated that the BRICS intergovernmental group is not intended to be a new tool of hegemonic imperial diktat in world affairs. He also noted that that "Washington 🇺🇸 and those who control the global monetary and financial system have proven their intractability and undependability."
🔹He also noted that with BRICS accounting for 30% of all land on the planet, 45% of the world population and around a quarter of global exports and possessing huge oil 🛢reserves, "we cannot simply sit and wait or follow in the wake of major historical processes.
🔹Tehran expects the shift to payments in national currencies within BRICS to increase during Russia’s chairmanship. Beijing considers it necessary to use national currencies in payments between BRICS member states Egypt expects Russia’s BRICS chairmanship to allow meeting the challenges in the area of food 🌾 and energy security.
🔹The New Development Bank (BRICS Bank), issued bonds worth 6 billion yuan (about $845 million) on the Chinese interbank bond market to finance sustainable development projects. Up to 100% of the proceeds from their sale can be sent abroad in yuan or converted into other currencies.
Video Source: Firstpost