The Fort Worth Press - BRICS nations to gather without Xi, Putin

USD -
AED 3.673042
AFN 63.503991
ALL 82.403989
AMD 368.150403
ANG 1.790403
AOA 918.000367
ARS 1465.449815
AUD 1.426534
AWG 1.8025
AZN 1.70397
BAM 1.705709
BBD 2.013483
BDT 122.708482
BGN 1.69088
BHD 0.37702
BIF 2985
BMD 1
BND 1.290663
BOB 6.90816
BRL 5.151601
BSD 0.999721
BTN 94.239742
BWP 13.585663
BYN 2.777729
BYR 19600
BZD 2.010527
CAD 1.41635
CDF 2280.000362
CHF 0.807012
CLF 0.02293
CLP 902.460396
CNY 6.769604
CNH 6.783725
COP 3452.68
CRC 453.506829
CUC 1
CUP 26.5
CVE 96.403894
CZK 21.091104
DJF 177.720393
DKK 6.516504
DOP 58.403884
DZD 133.34504
EGP 49.986489
ERN 15
ETB 158.37504
EUR 0.871204
FJD 2.235504
FKP 0.755912
GBP 0.755744
GEL 2.64504
GGP 0.755912
GHS 11.303856
GIP 0.755912
GMD 73.000355
GNF 8777.503848
GTQ 7.625892
GYD 209.119888
HKD 7.83535
HNL 26.703838
HRK 6.566204
HTG 130.583803
HUF 306.820388
IDR 17826.55
ILS 2.956604
IMP 0.755912
INR 94.37505
IQD 1310
IRR 1375000.000352
ISK 125.530386
JEP 0.755912
JMD 157.959917
JOD 0.70904
JPY 161.30504
KES 129.470385
KGS 87.450384
KHR 4012.503796
KMF 425.00035
KPW 900.00035
KRW 1528.650383
KWD 0.30802
KYD 0.833035
KZT 487.855928
LAK 22030.000349
LBP 89550.000349
LKR 333.641485
LRD 182.150382
LSL 16.20377
LTL 2.95274
LVL 0.60489
LYD 6.375039
MAD 9.245039
MDL 17.654036
MGA 4200.000347
MKD 53.691363
MMK 2099.523204
MNT 3579.573337
MOP 8.070939
MRU 40.080379
MUR 47.570378
MVR 15.460378
MWK 1736.000345
MXN 17.345204
MYR 4.137904
MZN 63.903729
NAD 16.203727
NGN 1360.440377
NIO 36.610377
NOK 9.699904
NPR 150.787532
NZD 1.743376
OMR 0.384983
PAB 0.999725
PEN 3.384039
PGK 4.38775
PHP 60.716504
PKR 278.303701
PLN 3.71375
PYG 6138.96617
QAR 3.640504
RON 4.568104
RSD 102.170373
RUB 73.103247
RWF 1464
SAR 3.74824
SBD 8.061424
SCR 13.683262
SDG 600.503676
SEK 9.583504
SGD 1.292404
SHP 0.746601
SLE 24.750371
SLL 20969.503664
SOS 571.503662
SRD 37.402504
STD 20697.981008
STN 21.4
SVC 8.747449
SYP 110.532098
SZL 16.203649
THB 32.890369
TJS 9.272075
TMT 3.51
TND 2.91175
TOP 2.40776
TRY 46.437504
TTD 6.779085
TWD 31.715038
TZS 2630.985038
UAH 44.909735
UGX 3638.520172
UYU 39.96965
UZS 12005.000334
VES 596.036404
VND 26320
VUV 118.645306
WST 2.751804
XAF 572.078806
XAG 0.015419
XAU 0.00024
XCD 2.70255
XCG 1.801643
XDR 0.703697
XOF 565.000332
XPF 103.250363
YER 238.625037
ZAR 16.485037
ZMK 9001.203584
ZMW 17.919703
ZWL 321.999592
  • CMSC

    0.0500

    22.37

    +0.22%

  • CMSD

    0.0000

    22.29

    0%

  • JRI

    0.0500

    12.67

    +0.39%

  • BCC

    3.8500

    74.66

    +5.16%

  • RBGPF

    -0.5300

    60.61

    -0.87%

  • NGG

    -1.2400

    79.44

    -1.56%

  • RELX

    -0.8300

    31.18

    -2.66%

  • BCE

    0.0000

    23.28

    0%

  • VOD

    -0.2300

    14.3

    -1.61%

  • GSK

    -1.4800

    50.67

    -2.92%

  • RYCEF

    -0.0300

    18.4

    -0.16%

  • RIO

    -2.5900

    100.08

    -2.59%

  • AZN

    -2.9600

    174.93

    -1.69%

  • BTI

    -0.5800

    58.91

    -0.98%

  • BP

    -1.0400

    39.1

    -2.66%

BRICS nations to gather without Xi, Putin
BRICS nations to gather without Xi, Putin / Photo: © AFP

BRICS nations to gather without Xi, Putin

BRICS leaders will meet in Rio de Janeiro from Sunday, with the bloc depleted by the absence of China's Xi Jinping, who is skipping the annual summit of emerging economies for the first time in 12 years.

Text size:

The grouping -- often seen as a Chinese-driven counterbalance to Western power -- meets as members face imminent and costly tariff wars with the United States.

Conceived two decades ago as a forum for fast-growing economies, the BRICS have come to be dominated by Beijing, which grew much faster and larger than the rest.

China has not said why Xi will miss the summit, a first since he became president in 2012.

"I expect there will be speculation about the reasons for Xi's absence," said Ryan Hass, a former China director at the US National Security Council who is now with the Brookings Institution think tank.

"The simplest explanation may hold the most explanatory power. Xi recently hosted Lula in Beijing," said Hass.

The Chinese leader will not be the only notable absentee. War crime-indicted Russian President Vladimir Putin is also opting to stay away, but will participate via video link, according to the Kremlin.

So too will Iran's President Masoud Pezeshkian, whose nation is still reeling from a 12-day conflict with Israel.

Hass said that Putin's non-attendance and the fact that India's prime minister will be a guest of honor in Brazil could also be factors in Xi's absence.

"Xi does not want to appear upstaged by Modi," who will receive a state lunch, he said.

"I expect Xi's decision to delegate attendance to Premier Li (Qiang) rests amidst these factors."

Still, the Xi no-show is a blow to host President Luiz Inacio Lula da Silva, who wants Brazil to play a bigger role on the world stage.

In the year to November 2025, Brazil will have hosted a G20 summit, a BRICS summit, and COP30 international climate talks, all before heading into fiercely contested presidential elections next year.

Lula is expected to run again for an unprecedented fourth term in office.

- 'Cautious tone' -

For BRICS leaders who do make the trip to the "cidade maravilhosa" -- the marvelous city -- the economy will be top of the agenda.

Lula on Friday defended the idea of finding an alternative to the dollar for trade among BRICS nations.

"I know it is complicated. There are political problems," Lula said at a BRICS banking event. "But if we do not find a new formula, we are going to finish the 21st century the way we started the 20th."

But with many, including China, locked in difficult trade negotiations with the United States, they may be wary of roiling the mercurial US president.

President Donald Trump has warned that starting Friday, countries will receive letters stating the amount their exports to the United States will be tariffed.

He has also threatened to impose 100 percent tariffs on countries that challenge the dollar's international dominance.

"We're anticipating a summit with a cautious tone: it will be difficult to mention the United States by name in the final declaration," Marta Fernandez, director of the BRICS Policy Center at Rio's Pontifical Catholic University, told AFP.

This is particularly the case for China, she said: "This doesn't seem to be the right time to provoke further friction" between the world's two leading economies.

On a range of other issues, from the Middle East to climate, BRICS members will have to overcome deep-seated differences.

- Consensus-building difficult -

Original members of the bloc Brazil, Russia, India, and China have been joined by South Africa and, more recently, by Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia, and Indonesia.

Analysts say that it has given the grouping more potential international punch. The BRICS now represent nearly half of the world's population and 40 percent of its GDP.

But it has also opened many new fault lines, not least over how strongly to challenge the United States.

This expansion "makes it all the more difficult to build a strong consensus," said Fernandez.

BRICS members did not issue a strong statement on the Iran-Israel conflict and subsequent US military strikes due to their "diverging" interests, according to Oliver Stuenkel, a professor of international relations at the Getulio Vargas Foundation.

Brazil, nevertheless, hopes that countries can take a common stand at the summit, including on the most sensitive issues.

"BRICS (countries), throughout their history, have managed to speak with one voice on major international issues, and there's no reason why that shouldn't be the case this time on the subject of the Middle East," Brazil's Foreign Minister Mauro Vieira told AFP.

Artificial intelligence and global governance reform will also be on the menu.

F.Carrillo--TFWP