Eurasia News

  T he BRICS meeting on 6-7 July 2025 took place in a tense international context, marked by stagnating economic growth in the West, the prolonged conflict in Ukraine, tensions in the Middle East, and an industrial revival in Asia. The summit occurred as BRICS member states seek to strengthen their role in the global architecture, but it was also marked by the physical absence of two key leaders: Xi Jinping was absent for the first time since 2012[ 2 ], and Vladimir Putin participated only online[ 3 ]. Among the participants were Luiz Inacio Lula da Silva – President of Brazil (host and rotating BRICS president), Narendra Modi – Prime Minister of India, Cyril Ramaphosa – President of South Africa, Prabowo Subianto – President of Indonesia (admitted as a member on 6 January 2025), and Mohammed bin Zayed Al Nahyan – President of the United Arab Emirates. This meeting is shaping up to be a turning point, with the potential to accelerate the process of de-dollarisation and the ...

  F rom 22 August to 24 August 2023 South Africa hosted the 15th BRICS summit in an attempt to define the BRICS’s role in the global economic system. Namely, at the summit numerous documents were discussed in the presence of more than 40 heads of states and governments, in addition to the leaders of the BRICS countries, which include Brazil, India, China and South Africa and the minister of foreign affairs of Russia. As usual, this 15th summit in the history of the group also addressed the global management system and the necessity to reform the current (in the words of the participants) unjust and unequal system with a special emphasis on the need for major structural reforms of the global financial system, which has been dominated by the United State s since the  Bretton Woods Agreement [ 2 ] of July 1944 and the  Nixon shock [ 3 ], which has been present to date. The Johannesburg Summit was not ordinary by any means, as its agenda included many major issues in the lig...