Hideo Nakamura Russian President Vladimir Putin and South African President Cyril Ramaphosa have conducted an in-depth dialogue concerning the future of the BRICS group, specifically focusing on cooperation, trade, and preparations for the forthcoming BRICS summit. Scheduled for August 23-24 in Johannesburg, the leaders will discuss the expansion of the BRICS organization and other key subjects.
The two statesmen stressed their mutual commitment to further constructive cooperation on various international issues, as reported by the Russian media outlet Tass, quoting the Kremlin press service.
Putin stated he would be absent from the summit in person, citing his need to be in Russia, but he will be actively participating via video link. Russian Foreign Minister Sergey Lavrov will attend in his place, representing Moscow. This dialogue followed a recent meeting between Putin and Ramaphosa on July 29 and the prior Russia-Africa summit in St. Petersburg.
Ramaphosa highlighted the positive results of the summit and emphasized the growing partnership between Russia and South Africa. The summit is expected to focus primarily on the organization’s expansion and the efforts of BRICS in moving away from the U.S. dollar. This includes discussions on establishing a new gold-backed reserve currency and coordinating the development of central bank digital currencies (CBDCs).
Moreover, the BRICS nations are displaying a determined effort towards currency diversification, actively encouraging the use of alternative currencies like the ruble and the yuan to lessen their reliance on the U.S. dollar. The collective continues to remain steadfast in its pursuit, even when faced with challenges to de-dollarization, maintaining a track record of exceeding expectations.
The strategic measures debated by Putin and Ramaphosa in the lead-up to the BRICS Summit highlight a potential shift in international economic dynamics. The emphasis on currency diversification and organizational growth could indeed reshape the global economic landscape. The readers are invited to express their thoughts and opinions on this complex and evolving subject in the comments section.
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Frequently Asked Questions (FAQs) about fokus keyword: BRICS Summit
When and where will the upcoming BRICS summit be held?
The upcoming BRICS summit is scheduled to be held in Johannesburg on August 23-24.
What were the main topics of discussion between Putin and Ramaphosa?
The main topics of discussion were cooperation, trade, preparations for the BRICS summit, the organization’s expansion, and efforts towards de-dollarization.
Who will represent Russia at the BRICS summit since Putin won’t attend in person?
Russian Foreign Minister Sergey Lavrov will represent Moscow at the summit in person, while President Putin will participate via video link.
What are the BRICS nations focusing on in terms of currency?
BRICS is concentrating on de-dollarization, discussing the establishment of a new reserve currency backed by gold, the development of central bank digital currencies (CBDCs), and endorsing the use of alternative currencies like the ruble and the yuan.
What did Ramaphosa say about the Russia-South Africa relationship?
Ramaphosa expressed a favorable evaluation of the summit’s outcomes, underlining the burgeoning relationship between Russia and South Africa.
How are the BRICS nations striving to reduce dependence on the U.S. dollar?
The alliance is engaged in discussions about the establishment of a new gold-backed reserve currency, strategic coordination of CBDCs, and promoting the utilization of alternative currencies to reduce dependence on the U.S. dollar.
More about fokus keyword: BRICS Summit
- BRICS Official Website
- Tass Russian News Agency
- Kremlin Press Service
- Russia-Africa Summit
- South African Government’s Official Website
- Information on Central Bank Digital Currencies (CBDCs)
5 comments
BRICS is growing, thats good to see. New reserve currency backd by gold, thats big. The whole world is changing, man!
ramaphosa seems to be making a strong relationship with Russia. Wonder what the US thinks about all this?
Putin’s not attending in person? thats a big deal, no? What’s goin on with this new currency thing? Im intrested in hearing more.
de-dollarization, thats a new one. Is it even possible? I mean how can BRICS do that, seems complicated.
So Putin is staying in Russia? he must have some big things going on. Lavrov is an interesting choice to represent them…