Page 61 - Brics News Today

Egypt’s Foreign Minister Sameh Shoukry on Friday held a meeting with his Brazilian counterpart Mauro Vieira on the sidelines of the high-level meetings of the 78th session of the United Nations General Assembly (UNGA) in New York.

Brics

The Ministers recalled the consensus during the 15th BRICS Summit on guiding principles, standards, criteria and procedures on the BRICS expansion process and the decision on inviting 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 January 1, 2024.

South Africa will host a US-Africa trade summit in November despite an earlier call by US lawmakers for the event to be moved over what they said was the country's deepening military relationship with Russia.

Fraport is set to sell its 25% stake in Russia's Saint Petersburg Pulkovo Airport, potentially by the end of 2023, despite contractual restrictions until 2025.

Takatoshi Ito sees the grouping as increasingly divided between friends of the G7 and friends of China and Russia.

Two years ago, Chinese President Xi Jinping proposed the Global Development Initiative (GDI) at the UN General Assembly. The GDI has since become a popular international public good, providing developing countries with new opportunities and guidelines for global sustainable development.

The large group of 130 developing economies speak in many voices, and it is unlikely to acquiesce to the leadership of either India or China. Both India and China stand outside of the Global South in terms of the state of the economy and other geopolitical parameters

Wagner’s failed mutiny and setbacks in Putin’s war against Ukraine hint at Russia’s inability to maintain great power status.

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