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

Cricket"This is how you earn respect...": Cricket fraternity hails Gill's Birmingham masterclass

TechnologyBy 2047, C-DOT should stand shoulder to shoulder with global leaders: MoS Communication

BusinessBy 2047, C-DOT should stand shoulder to shoulder with global leaders: MoS Communication

NationalKerala: Protests over woman's death in building collapse; Cong, BJP seek resignation of Veena George

NationalBy 2047, C-DOT should stand shoulder to shoulder with global leaders: MoS Communication

International Realted Stories

InternationalMajor General Itzik Cohen, new commander of Israeli Military's operations division

InternationalPentagon: Israel-US strikes set back Iran's nuclear program by two years

InternationalTrinidad, 25 years ago: PM Modi's simplicity and insight left a mark on ML Mittal

InternationalUS Military's CENTCOM commander visits Israel

InternationalTraditional treasures from Kashmir to West Bengal: PM Modi presents handcrafted gifts celebrating Indian culture to Ghanian leaders