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

EntertainmentI'll expose the truth: Apoorva Mukhija’s Ex Accuses Her of Spreading False Stories for Sympathy

NationalSafety audit of all schools ordered: Union Education Minister

NationalJharkhand: House collapses due to land subsidence in Dhanbad, earth cracks at several places

BusinessKitaab launch of book 'The Weight Loss Revolution' shares scientific strategies to combat obesity and weight loss

MumbaiMumbai Floods: Ashish Shelar Reviews Situation Amid Torrential Rains

International Realted Stories

InternationalIran to deport "around two million undocumented Afghan migrants" amid regional repatriation push

InternationalMyanmar set to hold elections on December 28: Report

InternationalAn-24 passenger plane veers off runway in Russia

InternationalTwo killed in light plane crash in Kazakhstan

InternationalBaloch Activist Dr Naseem Baloch condemns enforced disappearance of Prof. Usman Baloch, highlights plight of missing persons