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BRICS Foreign Ministers meet online

28 April 2020

Russia's Foreign Minister Sergey Lavrov hosted an extraordinary meeting of the BRICS Ministers of Foreign Affairs via videoconference. The event was held as part of Russia’s BRICS Chairmanship.

The ministers reviewed the impact of the crisis provoked by the outbreak of COVID-19 on the system of international relations and agreed that there is no alternative to equal interstate cooperation, without a hidden agenda, in order to find a collective response to global challenges and threats.

The meeting included an in-depth exchange of views on possible joint measures in the BRICS format to contain COVID-19 and deal with the financial, trade, economic and social consequences of the pandemic.

Also discussed was the BRICS New Development Bank which made a principled decision to create a dedicated lending tool to finance economic recovery projects in the BRICS countries. Up to $15 billion will be allocated to this end which should help the economies overcome the crisis and resume full-fledged economic activity.

They also considered important current issues related to developing five-way cooperation, including the calendar of events for Russia’s BRICS Chairmanship in 2020.

Embassy of Russia in South Africa

 


 
 
 
 
 
 
 
 
 
 

 
 
 
 
 
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February/March 2020

 
 
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