BRICS2 for day 1: Leaders have taken the podium for their addresses
Excellencies: Cyril Ramaphosa, Lula da Silva, Narendra Modi, Wang Wen Tau representing Xi Jinping, Dilma Roussef, Deputy President Paul Mashatile are present. (Where is Mr Lavrov?)
The moderator stated that the business community report will be heard first. Economics and currencies were discussed at a high level but it gets complex and we will have to wait for transcripts to understand it. Cyril Ramaphosa is selling investments in Africa. Here is the live stream and summaries follow underneath the video:
The alternative video stream from Sputnik is highly improved from this South African Broadcasting Corp. Please go to this page: https://sputnikglobe.com/20230822/brics-leaders-address-most-crucial-global-and-regional-problems–1112786686.html
South African President Cyril Ramaphosa has given his opening address as host of the summit:
President Ramaphosa: Colonialism & Apartheid Held Us Back – Change is Coming
📍Fundamental reform of intl finance institutions needed to be more responsive to current challenges
📍New Development Bank ready to support development agenda of various nations
📍Massive potential for investment in South Africa – investors of choice will be those who source and process closer to home
Brazilian President Lula da Silva has given his opening address at the summit in Johannesburg:
President Lula: Dynamic Global South a Driving Force for Growth
📍Need BRICS currency unit without replacing national ones
📍New Development Bank should be global leader
📍Trade barriers & protective measures are new economic colonialism – hidden under guise of environmental issues
📍Common vision for Africa, continent building ambitious free trade zone
President Putin and please change to the Sputnik live stream.
📍Irresponsible actions by other countries to ease pandemic aftermath increased debt burden – most vulnerable countries suffer
📍Russia co-operates on basis of equality and mutual support
📍BRICS members conducted only 28.7% of operations in dollars in 2022
📍Strengthening ties, creating sustainable supply chains high on agenda – reorienting logistics to trusted partners
📍Grain Deal was failure, cargo went to Western nations – will return to it when our interests respected
📍Russia gives visible contribution to world food & energy security, will continue to be responsible exporter to Africa despite obstacles
📍De-Dollarization among BRICS is IRREVERSIBLE.
Indian Prime Minister Narendra Modi has given his opening address at the summit in Johannesburg:
PM Modi: Grow Together Through Energy & Digital Advances
📍India fastest growing world economy – growth engine for years to come
📍’Make in India’ is domestic policy made for the world
📍Mutual trust is vital
Remarks by Xi Jinping via Chinese Minister of Commerce Wang Wentao:
📍BRICS must promote prosperity for all
📍We praise the hard work & huge sacrifices of those who fought colonialism
📍China ready to move forward with joint security dialogue – committed to mutual efforts for multipolarity
📍BRICS must move world forward, expanding peace architecture – without struggle for hegemony
📍The collective rise of emerging markets and BRICS markets is changing global dynamics and contributing to global growth…
The leaders are now going into private deliberations and I am not sure when we will know who the new BRICS members are. Tomorrow we will pick up on decisions on trading in national currencies and the all-important plans for a BRICS trading currency. I found Mr Lavrov – he was in a separate Foreign Minister’s Council.