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President Vladimir Putin is hosting the BRICS summit, showcasing Russia's global presence despite the conflict in Ukraine. The summit includes leaders from 32 countries, with discussions on reducing reliance on the dollar and expanding the group. While tensions exist within BRICS, the group's influence is growing, representing a shift in global power dynamics. Putin's leadership is attracting interest from countries seeking alternative international ties. [Extracted from the article]

The article discusses how President Vladimir Putin is hosting the BRICS summit to showcase that he is not isolated despite the conflict in Ukraine. The summit will include leaders from 32 countries, including China, India, and South Africa, among others. There are tensions within BRICS over issues such as reducing reliance on the dollar and expanding membership, with some countries wary of becoming an anti-US body dominated by China and Russia. The article highlights the growing demand for international ties independent of the West, as evidenced by the interest in joining BRICS. [Extracted from the article]

The article discusses how President Vladimir Putin is hosting the BRICS summit to showcase that he is not isolated despite the conflict in Ukraine. The summit will include leaders from 32 countries, including China, India, and South Africa, among others. There are tensions within BRICS over issues such as reducing reliance on the dollar and expanding membership, with some countries like India opposing further expansion to avoid becoming an anti-US body dominated by China and Russia. The article highlights the shifting global balance of power and the growing demand for international ties independent of the West. [Extracted from the article]

Saudi Arabia, along with four other countries, has accepted an invitation to join the BRICS club of nations. Russia, the incoming chair of the bloc, has received interest from 34 countries who want to join. Saudi Arabia, Iran, Egypt, Ethiopia, and the United Arab Emirates are now full members. Argentina has declined the invitation. The BRICS group is developing a model to accommodate 17 nations as partner countries and is also working on a framework to use local currencies for inter-BRICS trade. The bloc aims to move away from the predominantly dollar-based international payment system, which they consider unfair and costly. [Extracted from the article]

Chinese President Xi Jinping has called for the release of all civilians detained during the Israel-Hamas war and urged an immediate cease-fire at a summit organized by BRICS nations. Xi emphasized the need for all parties to end hostilities, stop violence against civilians, and prevent further loss of life. He also called for increased humanitarian assistance to the population in Gaza. The BRICS nations did not agree on a joint declaration, and it remains unclear what concrete actions they will take to end the war. Indian Prime Minister Narendra Modi skipped the event, indicating some division within BRICS over the Gaza crisis. Xi's comments were echoed by South African President Cyril Ramaphosa, who called for an immediate and durable truce. China has separately hosted talks with other countries to ease hostilities in the Gaza crisis and has been positioning itself as a global peacemaker. The US has urged China to denounce terrorism by Hamas, and tensions between the two countries have increased due to China's stance on the group. Arab states have also criticized Israel for its actions in the conflict. Xi urged the international community to take concrete measures to prevent further escalation and called for an international peace conference to work towards a comprehensive and sustainable solution. [Extracted from the article]

Chinese President Xi Jinping has called for the release of all civilians detained during the Israel-Hamas war and has urged an immediate cease-fire. He made these remarks at a summit organized by the BRICS group of nations, which included leaders from Brazil, Russia, India, South Africa, and Iran. Xi also emphasized the need for more humanitarian assistance to the population in Gaza and called for an end to forced relocations and the targeting of civilians with water, electricity, and oil supply disruptions. The Chinese leader's call for a de-escalation in the conflict was echoed by other participants at the summit. [Extracted from the article]

South Africa's President Cyril Ramaphosa accused Israel of committing acts of genocide in Gaza during a virtual summit of the BRICS group of nations. Ramaphosa and other leaders, including Chinese President Xi Jinping, called for a cease-fire and emphasized the BRICS bloc's role in achieving peace. While the BRICS nations did not agree on a joint declaration, their comments demonstrate a rejection of the US-led approach to the Israel-Palestine conflict and a desire to assert themselves on the global stage. South Africa recently joined other developing nations in referring Israel to the International Criminal Court for war crimes. The BRICS initiative and China's parallel talks with Middle Eastern officials are likely to be welcomed by Arab leaders who perceive bias in US-Israel relations. However, it is unlikely to gain traction with Prime Minister Benjamin Netanyahu's administration. The BRICS bloc aims to play a larger role in global affairs, including reducing reliance on the US dollar and gaining more influence over key political institutions. While the bloc's ability to reach common ground on the Gaza issue remains to be seen, its expanded membership and significant share of global output make it increasingly influential. [Extracted from the article]

Ramaphosa will deliver his speech at 8 p.m. on Thursday, the president said in a statement. (Bloomberg) -- South African President Cyril Ramaphosa will address the nation about the outcomes of last weeks BRICS summit and an investigation into an alleged arms deal involving a Russian vessel. [Extracted from the article]

O'Neill said the idea of a BRICS common currency displacing the dollar any time soon was "madness." (Bloomberg) -- Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise it's hard to see the point, said Jim O'Neill, a prominent economist and veteran of Goldman Sachs Group Inc. Saudi Arabia joining would be a "pretty big deal", he told Bloomberg Television on Monday, noting that the nation's traditionally close links with the US and its role as the world's largest swing oil producer would add heft to the club. [Extracted from the article]

O'Neill said the idea of a BRICS common currency displacing the dollar any time soon was "madness." (Bloomberg) -- Adding countries to the BRICS bloc will matter economically if Saudi Arabia is one of them but otherwise it's hard to see the point, said Jim O'Neill, a prominent economist and veteran of Goldman Sachs Group Inc. "I think they joining - which I imagine if anybody is joining it will include them - is a pretty big deal", he said in an interview on Bloomberg Television Monday. [Extracted from the article]

Brazil, Russia, India, China and South Africa have been cautious about openly taking Russia's side in the war, but have also been unwilling to ally with the West in opposing it. India is wary that expanding BRICS will transform the group into a mouthpiece for China, while Brazil is also worried about alienating the West, according to officials familiar with the bloc's internal negotiations. [Extracted from the article]

(Bloomberg) -- India and China are set to host bilateral talks on the sidelines of a summit of the BRICS emerging market powers in Johannesburg next week as they continue to wrangle over a disputed border. "China firmly supports BRICS expansion", Chen said. [Extracted from the article]

(Bloomberg) -- A planned announcement on the expansion of BRICS at a forthcoming summit in South Africa will mark a significant change in the global order, the nation's ambassador to the five-nation bloc said, even as some of its members push back against new admissions. Read More: Putin, Facing Arrest Risk, to Skip BRICS Summit in South Africa So far, representatives from 71 nations have been invited to attend the summit, according to Sooklal. [Extracted from the article]

(Bloomberg) -- India and Brazil are pushing back against a Chinese bid to rapidly expand the BRICS group of emerging markets to grow its political clout and counter the US, officials with knowledge of the matter said. Joining BRICS would bolster Crown Prince Mohammed's attempts to diversify his nation's economy, an effort that has bought it closer to Russia and China in recent years. [Extracted from the article]

(Bloomberg) -- Twenty two nations have formally applied to become members of the BRICS economic bloc, a South African diplomat said. An equal number have also informally sought to join the organization that groups Brazil, Russia, India, China and South Africa, Anil Sooklal, the bloc's ambassador from South Africa, told reporters on Thursday in Johannesburg. [Extracted from the article]

(Bloomberg) -- Russian President Vladimir Putin won't attend next month's summit of BRICS leaders in Johannesburg in person, resolving a potential dilemma South Africa faced over whether to execute an International Criminal Court warrant for his arrest if he did come. Read More: Arresting Putin Would be Declaration Of War, Ramaphosa Says Pretoria drew international condemnation in 2015, when it refused to execute an ICC arrest warrant for then-Sudanese President Omar al-Bashir while he was attending an African Union summit in the country. [Extracted from the article]

Read more: BRICS Leaders to Discuss Russian War in Ukraine at August Summit South Africa joined BRICS, whose other members are Brazil, Russia, India and China, in late 2010, and is due to host the bloc's annual summit in Johannesburg next month. (Bloomberg) -- South Africa won't bow to pressure to pick sides in Russia's war on Ukraine and is confident an African-leader initiative to broker an end to the fighting will succeed, Deputy President Paul Mashatile said. [Extracted from the article]

(Bloomberg) -- A delegation of African heads of state is expected to arrive in Russia imminently for talks with President Vladimir Putin, the latest in a series of mediation efforts aimed at bringing an end to the Kremlin's war in Ukraine. Vincent Magwenya, Ramaphosa's spokesman, on Monday, denied that South Africa may be censured over its relations with Russia. [Extracted from the article]

While South Africa insists that it has adopted a non-aligned position toward the conflict, US Ambassador Reuben Brigety last month accused Pretoria of supplying weapons to Russia, an allegation it denies. (Bloomberg) -- A delegation of African heads of state is expected to arrive in Russia imminently for talks with President Vladimir Putin, the latest in a series of mediation efforts aimed at bringing an end to the Kremlin's war in Ukraine. [Extracted from the article]

(Bloomberg) -- BRICS nations asked the bloc's specially created bank to provide guidance on a how a potential new shared currency might work, including how it could shield other member countries from the impact of sanctions such as those imposed on Russia. Expansion Plans The BRICS ministers were joined by counterparts from countries including Saudi Arabia, the United Arab Emirates, Egypt and Kazakhstan. [Extracted from the article]

Read more: How BRICS Became a Real Club and Why Others Want In: QuickTake Already, members have refused to join the likes of the Group of Seven in blaming - and sanctioning - fellow BRICS nation Russia over President Vladimir Putin's full-scale invasion of Ukraine. (Bloomberg) -- The BRICS group of emerging markets is ramping up its bid for greater global influence and to challenge the US, sensing a moment to capitalize on a splintering world order to build out its ranks beyond Brazil, Russia, India, China and South Africa. [Extracted from the article]

(Bloomberg) -- South Africa's president insisted his country won't be drawn into taking sides in the conflict between Russia and Ukraine, even as it faces pressure from some of its main trading partners to change course. Read More: South Africa Is Non-Aligned and Irrelevant: Charles Onyango-Obbo Ramaphosa's comments come weeks after US Ambassador to South Africa Reuben Brigety accused Pretoria of contradicting its neutral stance by supplying weapons to Russia, an allegation Ramaphosa has denied. [Extracted from the article]

South Africa's hosting of an August summit of leaders from the BRICS countries - Brazil, Russia, India, China and South Africa - may reignite tensions: Russian President Vladimir Putin is expected to attend and South Africa is yet to decide how it will handle an International Criminal Court warrant for his arrest if he does. (Bloomberg) -- South Africa's president insisted his country won't be drawn into taking sides in the conflict between Russia and Ukraine, even as it faces pressure from some of its main trading partners to change course. [Extracted from the article]