The joint declaration adopted by BRICS at its 17th summit in Rio de Janeiro calls for an immediate, permanent and unconditional ceasefire in Gaza, the full withdrawal of Israeli troops from the occupied Palestinian territories, and a global framework for governing artificial intelligence.
Kazakhstan declined full membership of BRICS at the bloc's October summit in Kazan, choosing instead to watch how the group develops while diversifying its foreign-policy ties and keeping close engagement with the West, The Diplomat reports.
Russia and Iran are preparing to sign a Treaty on Comprehensive Strategic Partnership during the Iranian president's visit to Moscow within one or two months, Iran's foreign ministry says. The treaty would cover energy, transport, industry, agriculture, science, technology and defence.
Iran's foreign minister says Tehran and Moscow will sign a comprehensive cooperation agreement within one or two months, during the Iranian president's visit to Moscow. A deal planned for the BRICS summit in Kazan in October 2024 was not signed.
On 9 September this year former ECB president Mario Draghi presented the European Commission with a report on the future of the European economy, arguing that the EU must mobilise €750–800 billion a year to stay competitive.
The 16th BRICS summit ran in Kazan from 22 to 24 October this year under Russia's chairmanship. No new members were admitted, and the group ruled out a single currency.
According to the IMF, the combined GDP of the G7 reached $45.9 trillion in 2023, one and a half times the size of the BRICS economies.
