BRICS: Countering unilateral sanctions top priority

NEW DELHI: The BRICS (Brazil, Russia, India, China and South Africa) Summit in Brazil on Nov 13-14 whose preparatory meeting is being held this week in the Latin American country would have the issue of unilateral sanctions and its remedy as a priority.

Russian new Deputy Ambassador Roman Babushkin and his counterparts from Brazil and China who on Thursday jointly addressed the press about the upcoming BRICS summit in Brazil stated that the issues of unilateral sanctions and trade will be an important topic of discussions at the BRICS meet. The BRICS Foreign Ministers are currently meeting in Brazil.

“Russia-India relations are time-tested and it cannot he stopped by sanctions…,” asserted Babushkin.


He further added that US action against Chinese telecom giant Huawei's 5G services was unfair and inappropriate.

“We are against unfair means of competition. What the US is doing (against Huawei) is inappropriate," claimed Babuskhin.

He informed that the BRICS will look at strengthening an alternative mechanism for currency reserve. The senior diplomat further said the BRICS Contingent Reserve Arrangement (CRA) can be used when needed.

Russia will be hosting the BRICS summit in 2020.