BRICS Summit Opens in Rio Amid Key Absences and Reform Push

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Date: July 6, 2025

🌍 July 6, 2025: The BRICS summit kicks off in Rio de Janeiro with 11 member nations united around a joint declaration—marking rare consensus amid complex global divides. Finance ministers called for IMF reform and a shift in voting power toward emerging economies. The group also sharpened its tone on Middle East tension and backed Brazil and India for UN Security Council reform. Notably absent are Xi Jinping, citing a scheduling conflict, and Vladimir Putin, avoiding arrest risks. Their absence shifts focus to Brazil and India.
Stay tuned, as the story of a new global order unfolds.

Russia, China switch to national currencies

Russia and China switch to settlements in national currencies for energy supplies.
Russia, China switch to national currencies in payments for gas, says a senior official.
Russia, China also actively switching to national currencies for payments of oil supplies, and products, says the deputy prime minister.
Sources: aa.com

BRICS commission on space cooperation

A joint commission on space cooperation of the BRICS countries was established, kicking off a new chapter of joint observation and data sharing of remote sensing satellites among the five member states.
The Joint Committee was officially launched on Wednesday, opening a new chapter in the remote sensing satellite observation.
The constellation is made up of existing satellites contributed by the space agencies.
Sources: globaltimes

Zimbabwe interested in SWIFT alternatives

The Zimbabwean government would like to become a member of the BRICS economic bloc, the speaker of the ruling party ZANU-PF said on Wednesday.
"We made it clear that we would like to become a member of the BRICS," Christopher Mutsvangwa told Russia's RIA Novosti news agency.
The official added that his country is interested in developing alternatives to the Western-dominated SWIFT payment network.
In his view, BRICS could contribute to that.

Richard Grenell listed as president

Ladies and Gentlemen, let me introduce the interim president of the United States of America!?
Richard Grenell: I will run up the stairs without tripping and then announce a plethora of Executive Orders. Stay tuned.
A former acting director of national intelligence turned potential Republican candidate for governor of California, gleefully seized on an error by Google on Saturday, promising a plethora of executive orders after the search giant listed him as President of the United States since 2021. The information appeared to come directly from Wikipedia, which is automatically used by Google in searches where it is then often stated as fact.
The military is in control? White hats are in control of Google? You decide...
Sources: twitter.com, www.theguardian.com

A new global financial system

An economist predicts the emergence of a new global financial system.
The Russian economist, Anton Tabagh, said that the current system of monetary relations and trade settlements has been in crisis for a long time, but the recent geopolitical events may take another dimension and form.
The economist expressed confidence that the new system is in the process of taking shape.
Sources: search4dinar