Skip to content
October 12, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Breaking News
  • BRICS ministers meet in push to establish group as counterweight to West
  • Breaking News

BRICS ministers meet in push to establish group as counterweight to West

Admin June 1, 2023

June 1, 2023

Foreign ministers from the BRICS countries are meeting in South Africa from Thursday as the five-nation bloc seeks to forge itself into a counterweight to Western geopolitical dominance in the wake of Russia’s invasion of Ukraine.

The talks are a prelude to an August summit in Johannesburg that has already created controversy because of the possible attendance of Russian President Vladimir Putin, the target of an International Criminal Court (ICC) arrest warrant.

It accused him in March of the war crime of forcibly deporting children from Russian-occupied territory in Ukraine. Moscow denies the allegations. South Africa had already invited Putin in January.

South African authorities confirmed that foreign ministers from Brazil, Russia, India, and South Africa are attending Thursday’s meeting in Cape Town. A deputy minister is representing China.

No agenda has been made public, but analysts said discussions would aim to deepen ties among existing members and consider an expansion of the group.

“BRICS is positioning itself as an alternative to the West and as a way to make space for emerging powers,” said Cobus van Staden of the South African Institute of International Affairs.

Once viewed as a loose, largely symbolic association of disparate emerging economies, BRICS has in recent years taken more concrete shape, driven initially by Beijing and, since the start of the Ukraine war in February 2022, with added impetus from Moscow.

Discussions of BRICS’ New Development Bank, which stopped funding projects in Russia to comply with sanctions, were expected on Thursday, a South African foreign ministry source said.

COULD OIL PRODUCERS JOIN?
Amid the growing geopolitical polarisation resulting from the war in Ukraine, BRICS leaders have said they are open to admitting new members, including oil producing countries.

Venezuela, Argentina, Iran, Algeria, Saudi Arabia and the United Arab Emirates are on a list of those who have either formally applied to join or expressed interest, officials said.

“If they can bring in the oil producer countries that will be key, given the petrodollar system,” said William Gumede, a South African political analyst who has written extensively on BRICS.

South Africa, though the bloc’s smallest member, is among its biggest champions.

Its preparations for the Aug. 22-24 summit, however, have been complicated by the ICC announcement on Putin.

As an ICC member South Africa would face pressure to arrest Putin, were he to attend the meeting in Johannesburg.

Putin has not confirmed his plans, with the Kremlin only saying Russia would take part at the “proper level”.

South Africa’s position is unclear. Pretoria has said it will honour its obligations under its ICC membership, but the government is still weighing the possibility of hosting Putin or even moving the summit to China.

Independent political analyst Nic Borain said the government was caught between its support for BRICS and friendship with Russia on one side and the looming backlash from vital Western economic partners on the other.

“Obviously, the best solution for South Africa is if Putin decided not to come.”

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: BRICS ICC William Gumede

Post navigation

Previous World No Tobacco Day 2023: Grow food, not tobacco, to end TB – WHO
Next Bawa Briefs Tinubu on Fight Against Corruption

Related Stories

FG Declares Three-Day National Mourning for Fallen Air Force Personnel Killed in Ondo Crash
  • Breaking News

FG Declares Three-Day National Mourning for Fallen Air Force Personnel Killed in Ondo Crash

October 6, 2026
Full list of 25 persons killed in NAF plane crash; no survivor, Aneke orders probe
  • Breaking News

Full list of 25 persons killed in NAF plane crash; no survivor, Aneke orders probe

October 6, 2026
NAF Begins Search, Rescue Operation After Aircraft Crash in Ondo, 32 Onboard air component
  • Breaking News

NAF Begins Search, Rescue Operation After Aircraft Crash in Ondo, 32 Onboard

October 5, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Beyond the Statistics: Nigeria’s Grim Child Marriage Reality Takes Centre Stage on Int’l Day of the Girl Child
  • Special Reports

Beyond the Statistics: Nigeria’s Grim Child Marriage Reality Takes Centre Stage on Int’l Day of the Girl Child

October 11, 2026
RingoNG Unveils Community-Driven Digital Ecosystem to Boost Safety and Emergency Response in Nigeria
  • Business & Economy

RingoNG Unveils Community-Driven Digital Ecosystem to Boost Safety and Emergency Response in Nigeria

October 11, 2026
Sugar council seeks $7.1bn investment for sugar self-sufficiency
  • Business & Economy

Sugar council seeks $7.1bn investment for sugar self-sufficiency

October 11, 2026
Troops Rescue 26 Human Trafficking Victims, Arrest Terrorist Leader in Multi-State Raids
  • National News

Troops Rescue 26 Human Trafficking Victims, Arrest Terrorist Leader in Multi-State Raids

October 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.