Latest news with #Brics'
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Business Standard
5 days ago
- Business
- Business Standard
Brics diplomacy gathers pace as Jaishankar, Wang Yi plan key visits
Amid a flurry of engagement between the Brics' founding members following US President Donald Trump's latest round of tariffs, External Affairs Minister S Jaishankar will meet his Russian counterpart Sergey Lavrov in Moscow on August 21. Chinese Foreign Minister Wang Yi is also expected in India next week for talks on the boundary dispute with National Security Adviser Ajit Doval, under the special representatives' mechanism between the neighbours. India has yet to officially confirm either visit. However, on Wednesday afternoon the Russian foreign ministry announced the Jaishankar–Lavrov meeting, saying it would cover bilateral relations and 'aspects of cooperation within international frameworks'. The two are also expected to finalise dates for Russian President Vladimir Putin's visit to India later this year. Government sources in New Delhi said Wang's trip, possibly as early as August 18, had been in the works. Alongside efforts to advance de-escalation between the two militaries, the meeting could pave the way for a bilateral between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin from August 31 to September 1. It would be Modi's first visit to China in seven years. Wang and Doval are the designated special representatives for boundary talks. Doval visited China in December last year for discussions with Wang, following a thaw agreed by Modi and Xi in Kazan on October 24, 2024. New Delhi and Beijing are also exploring an early resumption of flights between the two countries. In a further sign of easing tensions, China has reportedly relaxed restrictions on urea shipments to India. The Jaishankar-Lavrov meeting would also help India understand Moscow's assessment of the Trump-Putin's summit in Alaska on Friday. It is likely that Modi could meet Putin in Tianjin as the Russian president is also slated to attend the SCO Summit. Members of the parliamentary panel on external affairs were told on Monday that the Trump–Putin meeting on the Ukraine conflict could help persuade the White House to lift the additional 25 per cent penalty imposed on India for purchasing Russian crude. According to sources, officials said India's engagement with the US remains strong in most areas except trade, where a communication deadlock exists at the highest levels of both governments. That could change in late September. Modi may travel to the US for the UN General Assembly in New York, with a possible meeting with Trump. The prime minister's schedule is not yet finalised, but India's 'head of government' appears in a provisional list of speakers for the general debate on September 26. Modi and Trump last met in February in Washington. They couldn't meet at the G7 summit in Canada on June 16-17 but spoke over phone. Since the White House announced its tariffs and imposed one of the steepest rates (25 per cent) on India, besides the added 25 per cent levy for New Delhi's purchase of Russian crude, Brics leaders have intensified their engagement. On August 7, Modi and Brazilian president Luiz Inácio Lula da Silva spoke by phone about bilateral trade; Lula has also spoken to Xi. A day after Trump's penalty announcement, Putin and Modi held a call in which they pledged to deepen ties and discussed the Ukraine conflict. Modi has also spoken to Ukraine's president, Volodymyr Zelenskyy, who urged India to limit Russian oil imports and has said he hopes to meet Modi at the UNGA in September. Last week, Doval was in Moscow for talks with Russian Security Council Secretary Sergey Shoigu and a meeting with Putin. Jaishankar is also expected to call on the Russian president during his Moscow visit next week.
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Business Standard
5 days ago
- Business
- Business Standard
Jaishankar to visit Moscow on Aug 21, Wang Yi likely in India next week
Amid a flurry of engagement between the Brics' founding members following US President Donald Trump's latest round of tariffs, External Affairs Minister S Jaishankar will meet his Russian counterpart Sergey Lavrov in Moscow on August 21. Chinese Foreign Minister Wang Yi is also expected in India next week for talks on the boundary dispute with National Security Adviser Ajit Doval, under the special representatives' mechanism between the neighbours. India has yet to officially confirm either visit. However, on Wednesday afternoon the Russian foreign ministry announced the Jaishankar–Lavrov meeting, saying it would cover bilateral relations and 'aspects of cooperation within international frameworks'. The two are also expected to finalise dates for Russian President Vladimir Putin's visit to India later this year. Government sources in New Delhi said Wang's trip, possibly as early as August 18, had been in the works. Alongside efforts to advance de-escalation between the two militaries, the meeting could pave the way for a bilateral between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in Tianjin from August 31 to September 1. It would be Modi's first visit to China in seven years. Wang and Doval are the designated special representatives for boundary talks. Doval visited China in December last year for discussions with Wang, following a thaw agreed by Modi and Xi in Kazan on October 24, 2024. New Delhi and Beijing are also exploring an early resumption of flights between the two countries. In a further sign of easing tensions, China has reportedly relaxed restrictions on urea shipments to India. The Jaishankar-Lavrov meeting would also help India understand Moscow's assessment of the Trump-Putin's summit in Alaska on Friday. It is likely that Modi could meet Putin in Tianjin as the Russian president is also slated to attend the SCO Summit. Members of the parliamentary panel on external affairs were told on Monday that the Trump–Putin meeting on the Ukraine conflict could help persuade the White House to lift the additional 25 per cent penalty imposed on India for purchasing Russian crude. According to sources, officials said India's engagement with the US remains strong in most areas except trade, where a communication deadlock exists at the highest levels of both governments. That could change in late September. Modi may travel to the US for the UN General Assembly in New York, with a possible meeting with Trump. The prime minister's schedule is not yet finalised, but India's 'head of government' appears in a provisional list of speakers for the general debate on September 26. Modi and Trump last met in February in Washington. They couldn't meet at the G7 summit in Canada on June 16-17 but spoke over phone. Since the White House announced its tariffs and imposed one of the steepest rates (25 per cent) on India, besides the added 25 per cent levy for New Delhi's purchase of Russian crude, Brics leaders have intensified their engagement. On August 7, Modi and Brazilian president Luiz Inácio Lula da Silva spoke by phone about bilateral trade; Lula has also spoken to Xi. A day after Trump's penalty announcement, Putin and Modi held a call in which they pledged to deepen ties and discussed the Ukraine conflict. Modi has also spoken to Ukraine's president, Volodymyr Zelenskyy, who urged India to limit Russian oil imports and has said he hopes to meet Modi at the UNGA in September. Last week, Doval was in Moscow for talks with Russian Security Council Secretary Sergey Shoigu and a meeting with Putin. Jaishankar is also expected to call on the Russian president during his Moscow visit next week.
TimesLIVE
07-07-2025
- Business
- TimesLIVE
Kremlin says Brics not trying to undermine other countries, after Trump threatens extra tariffs
The Kremlin said on Monday the Brics group of nations had never worked to undermine other countries, after US President Donald Trump said he would impose a 10% tariff on those aligning themselves with its 'anti-American policies'. Trump made the comments as Brics leaders kicked off a summit in Brazil on Sunday. Asked about Trump's remarks, Kremlin spokesperson Dmitry Peskov said the Kremlin had taken note of them. 'We have seen such statements by President Trump, but it is important to note the uniqueness of a group such as Brics is that it is a group of countries that share common approaches and a common world view on how to co-operate based on their own interests. 'And this co-operation in Brics has never been and will never be directed against any third countries.' South Africa's foreign ministry spokesperson said the Brics group should be seen as a push for 'reformed multilateralism, nothing more'. 'Brics' objectives are primarily about creating a more balanced and inclusive global order that better reflects the economic and political realities of the 21st century,' spokesperson Chrispin Phiri told Reuters.
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Business Standard
07-07-2025
- Business
- Business Standard
'Brics not aimed at any country', says China after Trump's tariff warning
China on Monday responded to US President Donald Trump's remarks about the Brics grouping, saying the bloc does not aim to confront or oppose any country. This comes after Trump announced plans to impose a 10 per cent tariff on nations supporting what he called Brics' "anti-American policies". 'Brics is an important platform for cooperation among emerging markets and developing countries,' Chinese Foreign Ministry spokesperson Mao Ning said, as quoted by news agency PTI. Mao emphasised that the Brics group stands for openness and mutual benefit. 'It is not a bloc for confrontation nor does it target any country,' she said. Asked specifically about Trump's threat of additional tariffs, Mao reiterated China's position on trade. 'Trade and tariffs have no winners and protectionism leaves nowhere,' she said. Donald Trump warns of extra tariffs on Brics-aligned nations Earlier, Trump warned that there would be no exception for any country aligning with Brics' "anti-American" stance and would face an extra 10 per cent tariff. The announcement came just ahead of the end of a 90-day pause on new trade duties. Trump also said that letters outlining updated tariff policies and trade terms would be sent to governments starting Monday, July 7, at 12:00 pm eastern time (9:30 pm IST). Brics Summit 2025 The 17th Brics Summit took place in Rio de Janeiro over the last weekend, with member nations discussing global governance reforms, the humanitarian crisis in Gaza, Israel's strike on Iran, and rising global protectionism. Prime Minister Narendra Modi, during a session on global governance reform, said the Global South has long faced double standards in areas like security and development. He criticised global institutions for being outdated and ineffective. 'These institutions are like mobile phones with SIM cards but no network,' Modi said, urging reforms in governance, voting rights, and leadership roles. Chinese Premier Li Qiang supported the view, saying Brics should lead efforts to make global governance more fair and efficient. During the summit, the Brics grouping raised concerns about growing use of unilateral tariffs, without naming the United States or Trump directly. A draft declaration seen by Bloomberg reportedly condemns economic coercion and tariff actions that violate World Trade Organisation rules. Originally formed by Brazil, Russia, India, China, and South Africa, Brics has grown significantly since 2024. Iran, Egypt, Ethiopia, and the United Arab Emirates joined last year, and Indonesia became the latest member in 2025. The bloc continues to advocate for a more multipolar and equitable global order. (With agency inputs)
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Business Standard
07-07-2025
- Politics
- Business Standard
LIVE news: Trump warns extra 10% tariffs against countries 'aligning' with Brics
US President Donald Trump announced on Sunday that nations supporting what he described as Brics' 'anti-American policies' will face an added 10% tariff. 'Any Country aligning themselves with the anti-American policies of BRICS will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!' Trump stated in a Truth Social post. He did not elaborate on what he meant by 'anti-American policies". The Brics group strongly denounced the recent terrorist attack in Pahalgam and echoed India's stance advocating a "zero tolerance" approach to terrorism. Brics leaders underscored their determination to combat terrorism in all its forms, including cross-border terrorism and terror financing, during the opening day of their two-day summit in the coastal city of Rio de Janeiro, Brazil. In what appeared to be a veiled criticism of US trade actions, the leaders also denounced the "indiscriminate" use of tariffs, warning that such practices threaten global trade. Indian Prime Minister Narendra Modi, addressing the Brics Summit in Rio de Janeiro, highlighted the Pahalgam attack, calling terrorism one of humanity's gravest threats. "Terrorism is among the most serious challenges facing humanity. Recently, India faced an inhuman and cowardly terrorist attack in Pahalgam. This was an attack on all of humanity," said Modi. Speaking during the summit's session on 'Peace and Security and Reform of Global Governance,' he reaffirmed India's dedication to peace and unity, and called for decisive global cooperation in fighting terrorism.
