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Bolsonaro thanks Putin at BRICS summit; Russia wants to use bloc to ease sanctions

President Jair Bolsonaro (PL) participated this Thursday (24) in the opening ceremony of the 14. BRICS – bloc that includes Brazil, Russia, India, China and South Africa. In his speech, Bolsonaro thanked Russian President Vladimir Putin for welcoming him on his trip to Russia in February. The Brazilian president also highlighted the importance of the bloc, which emerged in 2009, and served as an incentive for emerging countries.

The summit takes place at a time when the China seeks to expand the bloc to increase its international influence and in which Russia sees in the BRICS an alternative to overcome the economic sanctions imposed by Western countries because of the war in Ukraine.

In his speech, Bolsonaro said that the block is a model to be followed. “The Brics emerged in the midst of one of the biggest international crises, and to this day it brings gains to all parties involved. Our relations have contributed to the prosperity of our economies. For Brazil, the Brics is the model of cooperation for gains. elect priorities with responsibility and transparency. Brics must contribute to generation and income for the well-being of our relations”, said Bolsonaro.

To give more importance to emerging countries, Bolsonaro also defended a reform the United Nations (UN), in particular the Security Council. “We must join efforts in search of reforms of international organizations, such as the World Bank, the IMF and the United Nations system, especially its Security Council. The weight of emerging and developing economies must have the due and deserved representation” , said Bolsonaro.

Also during his speech, Bolsonaro thanked Vladimir Putin for welcoming him during his trip to Russia, in February this year. The BRICS meeting was the first time that the Russian president has attended an event with leaders of the largest emerging economies since the beginning of the Ukraine war, in 24 February this year. The summit is seen as an opportunity for Putin to show that he is not an “international pariah”, as US President Joe Biden said he would become.

Bolsonaro did not mention the war between Russia and Ukraine, but made reference to its effects. The Brazilian president stated that the international scenario is cause for “concern”. “The current international context is a cause for concern, given the risks to trade and investment flows and the stability of energy and food supply chains. Brazil’s response to these challenges is not to close itself off to the rest of the world. , we have sought to deepen our economic integration”, added the president.

In addition to Bolsonaro and Putin, the event, which this time takes place virtually, counts on the participation of the leaders of the other countries of the bloc : Xi Jinping (China), Narendra Modi (India), and Cyril Ramaphosa (South Africa).

Russia will use BRICS to overcome international sanctions

Vladimir Putin will use the BRICS summit meeting to overcome economic sanctions imposed in retaliation for the invasion of Ukraine. On Wednesday (22), the president of Russia had already stated that the “permanent application of new sanctions for political reasons contradicts common sense and elementary global economic logic”.

“Our businessmen are being forced to carry out their activities under difficult conditions, as the Western allies omit the basic principles of the market economy, of free trade”, lamented Putin in a recorded speech broadcast at the BRICS Business Forum, which started on Wednesday (22) the day before the summit starts.

According to Putin, Russia is in the process of redirecting its oil trade and exports to BRICS group countries. The country is one of the largest oil producers in the world. With the war, the price of a barrel of oil skyrocketed in several countries.

China wants to expand the bloc to oppose the G7

China intends to use the BRICS meeting to try to strengthen the bloc and oppose the G7, a group of the richest countries in the world. During the meeting, the Chinese government intends to defend the accession of other countries to the Brics bloc, including Argentina.

According to Chinese spokesman Wang Wenbin, the objective is to “inject more positive energy in a turbulent and challenging world” and “encouraging the international community to take an interest in global development with practical actions”.

In addition to Argentina, countries such as Egypt, Indonesia, Kazakhstan, the Emirates The United Arabs, Saudi Arabia, Thailand, Senegal and Nigeria are among those listed to be invited to participate in the bloc. “China proposes to start the BRICS expansion process, explore the criteria and procedures for expansion, and gradually form a consensus,” said Wang Yi, China’s foreign minister.

Na At the BRICS Summit, China also intends to put on the agenda the decoupling of the international market from the dollar, as stated by Wenbin. With the intention of promoting the Chinese currency, Beijing is, at the same time, trying to prepare to face possible international sanctions if it is targeted by economic sanctions because of its position in relation to Taiwan – a country that Beijing considers to be part of China.

The increase in the number of BRICS member countries, however, has faced divergences between the countries of the bloc.

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