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At the United Nations General Assembly vote for a truce in late October, India abstained, while every other BRICS nation and most other developing nations voted for the resolution
Bilateral creditors such as China shoulder much of the burden and want bondholders to take a bigger hit, but the dispute could put other restructures on the continent in jeopardy, observers say.
Pakistan's application and support majorly rely on Russia and China's support, its expectations will be in vain if India abstains
During an extraordinary summit, the BRICS group of nations made a collective plea for an immediate and sustained humanitarian truce in Gaza.
This year’s BRICS summit held in South Africa formally admitted Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) as new members. They will formally join during the 2024 summit in Russia.