China urges greater BRICS role as Western sanctions mount

0
2K

A meeting of the BRICS Plus Ministerial Council in Nizhny Novgorod

 China has urged the BRICS bloc of nations to take on greater responsibilities and establish itself as being inclusive to the world, Foreign Minister Wang Yi said on Tuesday, in the wake of Western sanctions and trade restrictions imposed on the country.

Many Chinese companies have faced Western sanctions over their support for Russia's war in Ukraine, and the European Commission is set to announce tariffs this week on Chinese EVs in a bid to protect European carmakers.

This week, the Group of Seven wealthy democracies is expected to send a tough warning to smaller Chinese banks to stop helping Russia evade Western sanctions, Reuters reported, citing sources.

The politicisation of economic issues had grown along with unilateral sanctions and technological barriers, Wang said at a BRICS foreign ministers' meeting in Russia's Nizhny Novgorod, without naming any countries. His remarks were published by his ministry.

BRICS, which groups Brazil, Russia, India, China and South Africa and aims to counter Western dominance in the world order, has expanded by several more members after Egypt, United Arab Emirates, Iran and Ethiopia joined at the start of this year.

Wang said the expanded "BRICS" should build the bloc into "a new multilateral cooperation mechanism" driven by emerging markets and developing countries.

In a meeting with the Brazilian foreign minister Mauro Vieira on the sidelines of the bloc meeting, Wang said China was willing to work with Brazil to enable a greater role for BRICS in global governance and safeguarding the interests of developing countries.

AfriPrime App link:  FREE to download...

https://www.amazon.com/Africircle-AfriPrime/dp/B0D2M3F2JT

Sponsored
Search
Sponsored
Categories
Read More
Other
ATP Assays Market Detailed Analysis and Forecast 2024–2030
The ATP assays market is experiencing rapid growth, driven by its crucial role in various fields...
By adamsmark0077 2024-07-08 10:24:05 0 3K
Other
Cooling Mattress Market Expansion: Regional Growth and Investment Opportunities
The global cooling mattress market has been witnessing significant growth in recent years, driven...
By Reva1 2024-12-19 08:57:40 0 2K
Other
Can FSBO's Be Financed In The Same Way As Properties Listed With Real Estate Agents?
When considering purchasing a home, many buyers ask whether FSBO's (For Sale By Owner properties)...
By fabiancaldwell 2025-01-16 11:17:30 0 2K
Other
Paint And Coating Thickener Market, Size, Share, Demand and Growth By 2032
Paint and Coating Thickener Market Overview The Paint and Coating Thickener...
By davidblogs30 2025-05-07 18:50:54 0 2K
Focus
America Must Rebuild Its Industrial Base to Secure AI Dominance
Intel is central to America’s leadership in AI, but without redirecting capital toward...
By Ikeji 2025-09-21 05:24:59 0 924
Sponsored
google-site-verification: google037b30823fc02426.html