China is ready to cooperate with Russia to strengthen the influence of BRICS and supports holding a BRICS summit chaired by Moscow in 2024. This reportedly stated Chinese Foreign Minister Wang Yi in a telephone conversation with his Russian counterpart Sergei Lavrov. TASS.
“China fully supports the Russian Federation as BRICS chairman in the successful holding of the BRICS summit this year, and is ready to work with Russia to strengthen the international influence of the association,” Wang Yi said.
He also added that China is pushing for new and higher quality multilateral cooperation in the field of unification.
Before that Bloomberg reportedIt was stated that the inclusion of new states, including Saudi Arabia and the UAE, in BRICS would reduce member countries’ dependence on the dollar and allow them to ignore Western sanctions. The agency noted that almost a quarter of loans from the New Development Bank were denominated in local currency. This is a step towards creating cash flows independent of Washington.
Formerly Chinese Ministry of Foreign Affairs named BRICS mission.