BRICS
Some of the key events about BRICS
- 2006The concept of BRIC (Brazil, Russia, India, China) was formalized at the margins of the UN General Assembly
- 2009The first BRIC summit was held in Yekaterinburg, Russia
- 2009Failed to reach consensus on major global economic reforms at first BRIC summit
- 2010South Africa was invited to join BRIC, transforming it into BRICS
- 2011Criticized for lack of concrete action on economic cooperation at BRICS summit in China
- 2012The New Development Bank (NDB) was proposed at the BRICS summit in New Delhi
- 2013Struggled to make progress on establishing a BRICS development bank due to disagreements
- 2014The BRICS Contingent Reserve Arrangement (CRA) was established to provide financial support during balance of payments difficulties
- 2014Faced challenges in coordinating response to Western sanctions against Russia over Ukraine crisis
- 2015The New Development Bank officially began operations
- 2015New Development Bank launch delayed due to operational and regulatory hurdles
- 2016Tensions arose over India-China border disputes, affecting BRICS cooperation
- 2017BRICS launched the Economic Partnership Strategy to enhance trade and investment
- 2017Criticized for not taking a stronger stance against terrorism at BRICS summit in China
- 2018The BRICS Partnership on New Industrial Revolution (PartNIR) was established to promote cooperation in digital economy and innovation
- 2018Failed to present a united front on trade issues amid US-China trade war
- 2020BRICS countries collaborated on COVID-19 vaccine research and development
- 2020BRICS summit postponed due to COVID-19 pandemic, hampering collaborative efforts
- 2022The expansion of BRICS membership was discussed, with several countries expressing interest in joining
- 2022Divisions emerged over Russia's invasion of Ukraine, straining BRICS unity
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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Recent border agreement between India and China marks an unexpected shift in their long-standing dispute. Economic factors and strategic considerations pushed both nations towards this surprise deal
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Last month India and China made an unexpected move to fix their broken relationship. Both countries agreed on border patrol rules and their leaders met for talks - first time since the deadly clash about 3 years ago
Putin's grand financial plan hits unexpected wall at BRICS summit
At recent BRICS summit in Kazan **Vladimir Putin** showed off mock currency that never launched. His plan for new financial system faced cold response from other members who dont share Moscows urgency
German leader's unexpected Putin call raises questions about European diplomacy
Scholz had his first talk with Putin in about 2 years‚ defending his choice despite criticism. The hour-long chat showed no changes in Putins thinking while Western-Moscow contacts seem to increase
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North Korea sends thousands of troops to support Russian military operations in Kursk region. This move brings new complications to the ongoing conflict while western countries re-evaluate their response
North Korean soldiers join Russian forces: What could go wrong for both sides?
About 10‚000 North-Korean troops arrived in Russiaʼs Kursk region marking first-ever NK military presence in European conflict. This move might backfire for both countries in unexpected ways
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Two hundred years after US first recognized Brazilʼs independence key changes are coming. With US election approaching this fall Brazilʼs president **Lula** faces tough choices about his countryʼs global position
US election puts Brazil-America friendship to unexpected test
Two centuries after US first noticed Brazilʼs potential‚ both nations face new crossroads. Their relationship hangs on upcoming US election results while trying to balance global partnerships and disagreements
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Colombian city Cali hosts major UN nature meeting where new regional alliances form but funding falls short. Meanwhile South American countries push forward with their own green-finance plans
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South Asia sees major shifts as Bangladeshʼs temporary rulers deal with economic slow-down and street protests. Meanwhile Pakistan seeks stronger ties with Saudi-Arabia while Sri Lanka handles new safety risks
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Latest developments across South Asia show major shifts in Bangladeshʼs political landscape and new security concerns in Sri Lanka. Regional powers make strategic moves while sports bring countries together
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Venezuela-Brazil relations hit rough patch over failed BRICS membership bid. Brazilian officials face criticism from Caracas for their stance on recent election and economic alliance
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US foreign-policy experts worry about democracy promotion efforts if next election gets disputed. Recent polls show close race while concerns grow about possible election result challenges
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Two major economic groups compete to reshape global finance system: G-20 and BRICS+. While G-20 keeps traditional power‚ BRICS+ gains more attention from developing nations looking for new options
Global power-play: What really happened at latest BRICS meeting in Russia
Last weeks BRICS gathering in Kazan brought together 36 nations despite Western push-back. The growing alliance now includes fresh members and represents almost half of worlds population
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Presidential candidate plans huge car taxes and trade restrictions with Latin American countries. Economic experts warn about possible recession risks for Mexicoʼs market
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Recent BRICS summit in Kazan showed groups growing influence with 36 countries participating. The bloc expanded to include new members representing over 40% of world population‚ yet maintains ties with existing global order
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Global economic groups fight for leadership as BRICS expands its membership and G20 seeks reforms. Major changes in world finance system could reshape how nations work together in coming years
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Presidential candidate outlines strict trade measures targeting Mexico and Brazil in recent campaign speeches. Economic experts warn about possible recession risks in Mexico due to proposed high tariffs
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Global financial system faces big changes as US election approaches. European countries prepare back-up plans to protect their money interests while BRICS nations create new payment methods
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Global financial system faces new questions as US election approaches. European nations and BRICS look for ways to protect their economic interests from possible changes in US dollar policy
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Russiaʼs recent economic moves hint at hidden troubles despite official statements about stability. From barter-trade deals to rapidly shrinking gold reserves‚ signs point to growing financial stress
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Recent trade deals and financial moves show Russiaʼs economic struggles despite official statements. With dwindling reserves and growing expenses its becoming clear that the countryʼs financial tricks cant last forever
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From simple investment term to global power-block: BRICS group adds four new countries to challenge western financial dominance. Recent meeting in Russia shows growing influence of this non-western alliance