South African President urges BRICS to resolve world conflicts peacefully
South African President Cyril Ramaphosa has called on BRICS countries to strengthen their partnership to peacefully resolve conflicts around the world.
He says the focus has been shifted from global issues like climate change and diseases around the world.
Addressing the opening of the BRICS forum on Thursday, Ramaphosa says sanctions on certain countries have negatively affected the global economy.
China is hosting the summit virtually. It has been held as the global economy is on the brink of recession, energy prices have gone up and basic commodities are expensive.
Ramaphosa says this meeting must come up with actions that will enhance member states’ economies.
“As BRICS, we will continue our constructive engagement with the World Trade Organization to foster inclusivity industrialization and development. We must oppose attempts to shape global economies through unilateral sanctions and other coercive measures.”
Chinese President Xi Jinping says developed countries should adopt responsible economic policies and avoid negative spillovers that may affect the developing world.
Xi addressed the BRICS business forum ahead of the official start of the growing economies gathering.
The BRICS Summit is taking place as one of its members Russia has been slapped with sanctions by the West for its military operations in Ukraine.
Xi says to politicize the global economy and turn it into one’s tool or weapon and willfully imposing sanctions by one’s primary position in the international financial systems will hurt one’s interest and inflict suffering on everyone.
Addressing the summit, Russian President Vladimir Putin said his country will boost its trade with other BRICS members.
BRICS is the acronym coined to associate five major emerging economies: Brazil, Russia, India, China (PRC), and South Africa. The BRICS members are known for their significant influence on regional affairs. Since 2009, the governments of the BRICS states have met annually at formal summits.