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What Happened At The Beijing's BRICS Summit
BRICS Summit 2022
The Beijing Summit of BRICS countries ended with a declaration supporting talks between Russia and Ukraine. Here's what each country said.
India focuses on the economy: PM Modi in his opening remarks focused on global post-Covid economic recovery and the growing strength of the BRICS grouping.
He believes that BRICS nations have a common vision for global economic governance, and hence, can make a useful contribution to the global economic recovery.
He talked about the growing membership of the New Development Bank and the structural changes that have increased the influence of the BRICS institution.
China targets group politics: Xi Jinping in his opening remarks called for world peace and targeted "Cold War mentality and power politics".
He asked BRICS countries to support each other and operationalise Global Security Initiative proposed by China.
He mentioned Ukraine in the context of disruptions to global industrial and supply chains, sustained hikes in commodity prices, and weaker international monetary and financial systems.
He emphasised the need to improve global science and technology governance and expand BRICS cooperation on cross-border payment and credit rating.
Russia slams "selfish" West: In a veiled attack on the US and European countries, Putin blamed the use of "financial mechanisms” for the economic crisis.
He asked BRICS countries to cooperate with Russia in the face of "selfish actions" from the West as the country faces several sanctions over the Ukraine war.
South Africa asks for democratisation: President Ramaphosa said, "Decision-making across the entire United Nations system needs to be democratised."
He also targeted the West saying that the global community has not sustained the principles of solidarity and cooperation when it comes to equitable access to vaccines.
He emphasised the need to strengthen intra-BRICS trade, investment and tourism, believing that BRICS' combined economic strength can be a catalyst for sustainable global economic recovery.
Brazil asks for reforms: President Jair Bolsonaro said that the BRICS must join efforts towards reforming the United Nations, to ensure they have proper representation.
He also specifically mentioned the UN Security Council and called for reforms at the World Bank and the International Monetary Fund.
He talked about the BRICS' contribution to the restoration of the global economy after the 2007-2008 financial crisis, asking for the creation of jobs and sources of income.
BRICS declaration on global issues: Along with the Ukraine crisis, the BRICS declaration emphasised that the Afghan territory should not be used to threaten or attack any country or to shelter or train terrorists.
It reiterated the need to resolve the Iranian nuclear issue and all issues pertaining to the Korean Peninsula through peaceful and diplomatic means.
Declaration called for expeditious finalisation and adoption of the Comprehensive Convention on International Terrorism within the UN framework.
