City
Epaper

Settlement in national currencies on BRICS agenda

By ANI | Updated: July 2, 2025 16:28 IST

Moscow [Russia], July 2 : As anticipation builds for the upcoming BRICS Summit scheduled for 6-7 July, Brazilian academic ...

Open in App

Moscow [Russia], July 2 : As anticipation builds for the upcoming BRICS Summit scheduled for 6-7 July, Brazilian academic Lier Pires Ferreira has outlined the forum's key focus areas. Speaking to Toda Palavra, a media partner of TV BRICS, the professor from the BRICS Research Centre at the Federal University of Fluminense described the outlook as "favourable," highlighting that the meeting will address major political, economic, and social priorities shared by member states.

From a political perspective, Ferreira said the summit will underline the importance of safeguarding multilateralism and reforming global governance. He noted that the BRICS bloc is expected to push for broader participation from countries in the Global South in international decision-making forums, an effort aimed at creating a more balanced world order.

On the economic front, a significant portion of the agenda will revolve around expanding mutual trade using national currencies. Ferreira observed that this shift away from dollar dependency aligns with long-standing efforts to strengthen intra-BRICS economic cooperation. Sustainable development and deeper energy integration, already embedded in the group's investment roadmap, are also likely to gain renewed momentum, as reported by TV BRICS.

The professor also pointed to a growing emphasis on social issues. Under Brazilian President Luiz Inacio Lula da Silva's leadership, he said, Brazil is steering conversations around digital connectivity and the fight against hunger and poverty, both of which are expected to figure prominently during the summit.

In light of shifting geopolitical dynamics, Ferreira further suggested that the bloc may explore the establishment of independent mechanisms to resolve disputes among member nationsan initiative that would enhance strategic autonomy and cooperation.

The summit is expected to reinforce BRICS' evolving role as a platform for inclusive global development and balanced multipolar engagement.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

Other SportsShooting: Anuya Prasad, Pranjali Dhumal seal gold & silver in Air Pistol at Deaflympics

EntertainmentBoney Kapoor visits Statue of Unity, calls PM Modi 'the present iron man of India'

NationalClean Yamuna: Experts discuss tapping untreated sewage from Delhi’s Jahangirpuri drain

NationalNecessary to create seed varieties suitable for natural farming, says CM Fadnavis

InternationalUS lawmakers seek probe into TP-Link over fears of CCP surveillance on military

International Realted Stories

InternationalSouth Korea proposes military talks with North Korea to prevent possible clashes at border

InternationalYour export crisis is self-inflicted: World Bank warns Pakistan of looming economic breakdown

International'Verdict against me biased, politically motivated': Former Bangladesh PM Hasina responds to court sentence

InternationalExercise Garuda: IAF and French fighter jets begin coordinated missions, enhance interoperability

InternationalEnforced disappearances in Balochistan continue despite 16 years of protest and rallies