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BRICS leaders unite in stand over dominance of trade and finance by West

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Brazil, Russia, India, China and South Africa say they will consider requests from over 20 countries to join group

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“Many emerging markets have become strong after shaking off the yoke of colonialism,” he said before adding that “hegemony is not in China’s DNA. We stand firmly on the right side of history”.Russia’s president Vladimir Putin provided a pre-recorded speech that was delivered virtually as he faces an International Criminal Court arrest warrant for alleged war crimes in Ukraine.

India’s prime minister Narendra Modi called the Brics group “a ray of hope for the global economy” due to the volatility it was currently experiencing, as its economies were outperforming many of the more developed nations.

 

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