BRICS (Update – Statement): Leaders’ Statements & the case of Live Feed ‘Vanishment’ UPDATE STATEMENT
Update:
We have a statement. It is here – final Presidency Document and titled Rio De Janeiro Declaration.
https://brics.br/en/documents/presidency-documents
There are 132 points. Yes, I am reading and will publish the most important. At a first glance it does look like a stronger statement but let’s see.
For our files locally: 250705 – BRICS – Leaders Declaration – EN
…
Lula spoke, Putin spoke, Modi started and .. the live feed left the room. It is still in a state of ‘vanishment’ This is the same live feed that had Lula and Putin’s statements. I’ll post them when available. Briefly from memory, Lula denounced Gaza and the attack on Iran. Putin spoke mainly about the growth of BRICS and the use of national currencies.

(Call Inspector Clouseau – He could meet Pepe in the office!)

Mr Lavrov made a statement and these are the main points:
‘Multipolarity is not a choice,’ Lavrov says, it’s ‘an objective REALITY’
‘It’s coming to replace the old neoliberal model, which is…based on neocolonial practices’
BRICS nations now account for 40% of global GDP, and growing
‘Unilateral SANCTIONS and use of the DOLLAR as a PUNISHMENT’ has worsened the global economy — FM Lavrov
Neo-liberal model has led to ‘economic crisis of the past few decades’
BRICS New Development Bank key to multipolar future
Lavrov says Russia will partner with the bank to create a new investment platform
Free from ‘outside agendas’
brics New Members
https://x.com/DD_Geopolitics/status/1941942843096043668
i’m disappointed that venezuela isn’t included, perhaps it will be granted partner status? yemen as well.
this appears an old list.. maybe a courtesy roll-call??
Ten were already admitted in 2024 Kazan; the eleventh, Indonesia, upgraded to full member in Jan 2025 (wiki)
Hi emersonreturn, these are partner countries. The only new member is Indonesia who came in between the Kazak summit and the Rio summit. There was not an intake of new members during this summit. It still stands like this: https://sovereignista.com/2025/07/02/brics-basics-and-india-states-a-desire-for-change-you-can-believe-in/ Egypt and Saudi Arabia had just about nobody there. This… Read more »
nima & pepe: brics bombshell stuns trump
https://www.youtube.com/watch?v=i4WYc7DTEwg
The monumental message that comes out of this conference will be a complete reinvention of the foundation of global financial architecture. Countries now have a wide choice of reserve assets to choose from to make up a portfolio that minimises counterparty risk, currency risk, and that suits their individual circumstances… Read more »
Nice Col! Lavrov spoke about the NDB afterwards and he said: BRICS New Development Bank is key to the multipolar future. Russia will partner with the bank to create a new investment platform free from ‘outside agendas’ For your list: Stablecoins, i.e., crypto but backed with the same mechanisms that… Read more »
“Stablecoins” Yes but, IMO, not under that label, Amarynth. It has the most dreadful connotations imaginable, with its association with the Orange Oaf’s so-called “Genius Act”, which can also carry the connotation of the ~180 different brands of Stablecoins that are pegged to a dying US fiat dollar. Its timing… Read more »
The Russian Finance Minister, Siluanov: BRICS members discussed the use of digital financial assets and digital currencies in cross-border transactions.
Better language for ya?
Too right, A-team!
Hi Col, re the one to one USD Stablecoin, my understanding is that this coin is being used in international trade to fight the dollar at its own game. China keeps itself at arms length from potential problems by operating such transactions out of Hong Kong. As little as i… Read more »
You could well be right, K. Thinking aloud and regarding… “One of our well known contributors recently commented that China does not want to see the rapid collapse of the USD.” Yes, I believe that is true and that has been a very responsible attitude – but I also suspect… Read more »
In general, this is what it looks like now. ▫️A shared digital currency: BRICS Pay Transactions via China’s e-yuan, settlements in Russia’s digital ruble Goal: Cut dollar use by 30% by 2027 (and Russia is already on 90% local currencies) ▫️ A stronger New Development Bank Loans in local currencies… Read more »
Awesome news all round, thanks Amarynth.
The “30% by 2027” looks very modest to me – at the rate Bibi’s great buddy, the Orange Oaf, is rampaging, that figure could be reached in a mere month or two.
I think it is more of a overall bloc objective. I mean Iran is in, Russia is in, China is in .. all that is needed really, is bank integrations and training and then it is all systems go. Let’s not tie ourselves to that number because heaven knows what… Read more »
kevin on gold. he links charts & activity. it may be co-incidence, may be not. perhaps this brazil brics won’t be as ho-hum as some thought.
https://www.youtube.com/watch?v=SV-jpJqDX7c
Kevin nails it yet again – thanks, Emerson. I hope Pepe gets to see his work. Methinks there is no coincidence in Kevin’s chart. In the meantime, get ready for a silver short squeeze that will spill over into gold. Futures trades in the West are usually 100-200x the amount… Read more »
blessings, dear col, & thank you! the invisible yet secure underpinnings, via Shanghai & other exchanges, are the magic! obvious now, but i couldn’t see for fog. the wisdom of china & it’s core allies are to the economic underpinning as powerful as the 816(?) bubble ship in the hormuz.… Read more »