BRICS Summit shows Western efforts to isolate Russia are ineffective, says Lavrov
Russian Foreign Minister Sergey Lavrov has asserted that the increasing interest in BRICS signifies a shift towards a more balanced global order. Read Full Article at RT.com.
The recent BRICS Summit held in Kazan demonstrated the ineffectiveness of Western efforts to isolate Russia, revealing widespread discontent among many nations regarding the US's approach of implementing "sanctions wars," according to Russian Foreign Minister Sergey Lavrov.
Delegates representing 35 countries from Asia, Africa, the Middle East, Europe, and Latin America, along with representatives from the UN and other organizations, attended the annual BRICS Summit in Russia. This event marked the first summit since the group expanded earlier this year, with Egypt, Iran, Ethiopia, and the United Arab Emirates joining the original members: Brazil, Russia, India, China, and South Africa.
Lavrov stated, “The 16th BRICS Summit in Kazan was, without exaggeration, one of the most significant international events not only this year, but in recent times,” during an interview with Rossiya Segodnya news agency on Tuesday.
He noted that the summit took place in an atmosphere characterized by “friendship, openness and mutual respect.” When discussing the outcomes and future plans of the group, Lavrov referred to the Kazan Declaration adopted at the summit.
He highlighted that the declaration “clearly sets out the commitment of the participating countries to promote positive changes in the global economy and politics with the aim of creating a more just and balanced world order, reform global governance institutions and effectively address global issues.”
Lavrov emphasized sections of the declaration that focus on adapting the global financial system to “modern realities,” while also enhancing the roles of developing nations and fostering closer interbank cooperation.
These initiatives include increasing the use of national currencies in mutual transactions and establishing independent payment platforms and insurance mechanisms within BRICS, he said.
He predicted that these efforts would ultimately lead to the creation of a payment instrument that is “not subject to external risks,” pointing to an “increased interest” in such a framework from non-Western countries.
Furthermore, Lavrov mentioned that during the extended Outreach/BRICS Plus format session, leaders from Global South nations “openly expressed indignation at the US authorities’ increasingly strong line in recent years on using the dollar as an instrument for waging sanction wars against those states whose policies, for one reason or another, the Americans did not like.”
In response to inquiries regarding BRICS’ new ‘partner country’ status, Lavrov stated that the criteria were established in Kazan and that work on the issue is ongoing, with outcomes anticipated by the end of the year.
Frederick R Cook contributed to this report for TROIB News