๐ฑ๐ฅF๐๐๐๐๐ ๐ ๐จ๐ซ๐๐ข๐ ๐ง ๐๐ข๐ง๐ข๐ฌ๐ญ๐๐ซ๐ฌ ๐๐๐ฏ๐จ๐๐๐ญ๐ ๐๐จ๐ซ ๐๐จ๐๐๐ฅ ๐๐ฎ๐ซ๐ซ๐๐ง๐๐ข๐๐ฌ ๐๐ง๐ ๐๐๐, ๐๐ซ๐ ๐ ๐ ๐ซ๐๐ ๐๐ซ๐๐๐ ๐๐ฆ๐ข๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ง๐ฌ๐ข๐จ๐ง๐ฌโโ
Following a meeting in Rio de Janeiro, the BRICS foreign ministersโrepresenting South Africa, Saudi Arabia, Brazil, China, Egypt, UAE, Ethiopia, Indonesia, India, Iran, and Russiaโconcluded without issuing a joint declaration due to a lack of consensus, as stated by Brazilian Foreign Minister Mauro Vieira.
Instead, the Brazilian presidency released a statement noting the ministersโ shared emphasis on expanding the use of local currencies in trade and financial settlements within the bloc and with partners. While discussions on de-dollarizing trade progressed cautiously, the topic sparked tensions, especially in light of former U.S. President Donald Trumpโs threats of imposing 100% tariffs if the bloc continued down that pathโa stance raised during last yearโs summit in Kazan, Russia.
Russian Foreign Minister Sergei Lavrov cautioned that it was still โpremature to discuss the transition to a single currencyโ within BRICS.
The statement also reaffirmed the ministersโ unified commitment to strengthening the World Trade Organization (WTO), described as the sole institution capable of setting global trade rules. They voiced strong concern over the rise of unilateral protectionist measures that violate WTO norms, such as indiscriminate tariff and non-tariff increases.
Despite differences, the group achieved full consensus on trade-related disputes and tariffs, emphasizing the need to defend free trade and the multilateral system. On climate issues, ministers called for countries to uphold their obligations under the Paris Agreement and to intensify efforts to fight climate change.