the, the, the 1st meetings between south africa and on chinese leaders have been held in deals, signed with motor company as direct. somebody gets underway in south africa will have specialized coverage from our studio in johannesburg in just a few minutes. the african union's pace and security council has suspended new share from the continental block and expressing concern over the resurgence of military coups the and a ukrainian drone attack on the moscow region has been forwarded with no casualties . reported by officials. the

list is r t international. i'm rachel ruble live in moscow. today is day, one of the 15th annual brick summit kicking off right now in johannesburg. the major geo political event attracts world leaders, politicians, and bright minds from all over the world. that's what people are already in the just world at the top of the agenda. let's cross to our studio at the break. spend newest vicki, aaron, a new new waco at the center of the events on the right. so thank you so much and welcome to johannesburg. as you can see, we bought the best sports in town for the 3 day break summit. today is day one. i'm the key arabs and i'm new waco and very welcome to all of you for joining us here in johannesburg. now over the next 3 days, we're going to be bringing you all the latest on the 15th break. some is right from

the hearts of johannesburg. it's one of the most much anticipated different ethical events of the yes. yes. and south africa, trade and industry ministry has welcomed the delegates, participating at the summit, greeting them in the languages of the 5 bricks member states, how it, how cool, and so, and they must feel really important to all of you. so born or law, 3 viet now must a need how to all of you. a special rel come to this province of how thing it will be while south african president, serial number 5 is that has held a joins press conference with the chinese presidency june paying the 2 countries have already signed a memorandum of understanding under the agreements on co operation in the field of higher education. and well now we could cross over to the river at the part

of the summit. several. can you please give us an update and let us know what is happening inside of the system. it will partridge. so it's a moment for so that and a very different one must say, as opposed to the 15 the break send me to get into having spray again. i must also mentioned that it is the 1st interest in rick's gathering since because the time teams gave me again, a lot of issues, a lot of faxes are expected to be unpacked during the course of the summer. and one of those days, of course, it'd be moving towards the dilemma is ation. and the force of the expansion, also the brakes o'clock. and as the movement just that to um, takes care of off imagine economies that breaks that gives a c means it's huge economy issues. and this time it's a different one. the space and the men off, which of the importance of fixes changes for quite a bear to end,

especially during the cost of a few months. and that's as a result of offering the geopolitical flux that our current teach taking place in a way he's on the block, a dis submits is supposed to be watched by wisdom. capitals, i must say, i need to surprise and it's no one that's hopefully something tangible and something promising and progressive comes out of this so that we can of course, keep them quiet because i'm sure the all waiting on the sidelines a time to come up with a different narrative to watch, you see active this summer, which we know at the moment that just fits he hits of states and government all attending to submit this. and of course, some little, some of those of officials and governments are standing and representing the countries that a new king or rather have shown interest in joining the vehicle off the american economy. so far we are understanding that if almost between 2 countries of have so

many approach go to the, the group, it's much joining the group and that's according to the brakes chapter. and you'll see cloud and an equal number off with those countries has also shown inches the but to inform the needs. so i guess this really speaks to the kinds of cooperation that these bricks need is continued to talk about. and they continue to show us that and she is a prime minister alpha india telling us exactly that breaks has been to see a strong cooperation agenda across various sectors. we value that breaks has become a platform for discussing and deliberating on issues of concern for the entire global self, including development, imperative, and reform of the multilateral system. the summit will provide a useful up with cdc for breaks to identify future areas of cooperation and reviews to do single development indian con, minnesota, and the range of more di, via keeping us the limits of what we can expect from the conversations that will be

taking place this week and also some of those conversations and discussions will be had to buy at the breaks officials and representatives. and we will be standing by to give you a sense of exactly what it is that's, that's what they will be talking about. and before this coverage moment, what i can tell you is that since the conversation and the panel discussion was that all taking place of our, of course, the, talking about the countries of greek stuff, new king to diversified, the supply chains in a post. and gave me the world and also trying to neighbor it just off that after talking to me. and so for your trade in vs, i'm in terms of trade calibration and we'll publish it to the states to take space, not only beach and the consumption, but also amongst these of brake solutions. we spoke to mika, cabs, come by e, a, a research fellow at the institute for penn, african thoughts and conversation at the university of johannesburg. he has,

he says that brooks can nurture parent applicant ideas and peace on the african continent, including a resolution of the 9 year crisis. advocates. i've been waking in on this dream for a very long time and getting closer and closer to, to, to realizing in many countries i hit precisely because the one piece, the one, the developments, the ones, the dream. yeah, no, we are not realizing and i'm much better. yeah. let's see you on a for, for the people in the citizens. but as you know, there is a lot of change shifts to e. one, the content is, and many of them, especially applicants that are here, are paying close attention to that more specifically. yeah, yeah. how do you think that is going to impact the continents felicia with his other account and prioritizing that? think maybe it's important to discuss what

a breaks is about. it wasn't created, you know, to entice you in your, on the pay that specific domestic of the range mints in $1011.00 expense of member states a bunch of course it has, it does have an interest in what happens every way and way. plus it will it, when i'm sure i'll be able to talk to us is dental fights, assistance in a collaborative efforts? don't know if i or what happens. what's happening in is it? yeah, no, that's not the 1st time you know that something of this nature happens. and it doesn't happen only in africa. i've been many other parts of the world aside. challenges, door to door. okay. but um none of the live side. yeah. massage. do not say, yeah, no, the move in the airports towards this are for me in the, during the development agenda and improve my internet to run system multilateralism . and so it doesn't decided the air for the brakes. uh they, they, the issue of nigeria, we've been dissolved africans so no,

when we deal with it that we find a solution for that and i'm show up. it's pretty popular as you know, we'd be, we'd be on hand to assist when need be, but it's offers there know quite a lot still 9 terms of the co operative collaboration efforts and the core population. the literally bringing people together and quote numbers together to, to work with each other to trade with one another in general and funds you know, development joined us as one of the wonderful guests we've had the privilege of speaking to today. no, no, no, it really feels like the world at the cross roads, but you know, big changes that are happening in the, in the global landscape. and there seems like the spotlight is on africa. absolutely. there is a lot of changes taking place and especially like you said on the continent of africa, i think the countries that are on this continent, i just ready to rid themselves of the colonial bondage. and that is what we are seeing unfolding. that of course, includes the dollar because, you know,

countries are now seeking to break away from the international dollar dominating system. so the creation of a common bricks, current states, is likely to talk to the top rather me things agenda over the next 3 days i'll correspond to don't cost that explains what makes the idea so attractive to nations around the world. with the rise of a multi polar world comes hope for a future free from the us dollar dominant center global order. where when, when cooperation reigned supreme for many around the world bricks is the vehicle that can turn that dream into a reality with an independent world wide currency. i dream of having a coming currency for countries to using transactions so that we could be independent from the us dollar. it can not be that we could have more freedom for conducting business items breaks, having its own currency, like the european union's euro. for now, the dollars global hegemony is indisputable, with the greenback involved and 88 percent of all international transactions and russia, the world's most sanctioned country,

has good reason to want to change the game. last year it's bang for kicked out of swift then. half of its overseas reserves to the tune of $330000000000.00. we're frozen. it's all part of what moscow says is the dollar being used as a weapon. i have no doubt that using a rich experience in government working knowledge in this area. you will do your best to develop this institution, which in my opinion, is very important today is not easy to do so on the current conditions. bearing in mind what is happening with the global finance is with the use of the deal as a political instrument. it's not just russia looking to break away from dollar dependents. the long side moscow, beijing and brazil, yet have moved towards greater use of national currencies and international transactions for those reinstated president blue or the silver has long advocated for deeper reliance on breaks. and china considers dollar dominance to be the main source of global instability. the who gemini of the us though lies the main source

of instability and uncertainty in the world's economy during the call. the 19 pandemic, the united states be used as a global financial position. and injected 3 areas of dollars into the global markets, leaving other countries, especially image and economies to pay the price. a prime example of that instability is afghanistan, the united nation says $6000000.00 half dams are at risk of starving to death. and the organization's calling for $770000000.00 in immediate humanitarian aid. it's one of many similar situations that have left people looking for breaks. as a more humane alternative, the new development bank is taking their decision, but at least 50 percent of new lending would be a low courtesy. so i think bridge has been the catalyst to go out to take a financial independence and not being held hostage by one or 2 currencies with a multi polar economic future on the horizon. it's likely that this change will be for the better for everyone. yes, the, the organization is such

a key word full the times right now i need to know what another keyword is both what everyone's throwing around, mostly polarity, but new, what does it actually mean? you know, where most people already mean, especially for the global south, is having an equitable partner as well as inclusivity and being able to sit at the decision making tables. and with that said, we know that with bricks being widely seen as a platform for the promotion of multi polarity. many countries have shown their interest in joining the clips are to correspondents use of daily reports on how bricks membership could benefit tear on that one is entering closer to becoming a new member and the brakes alliance of the country hopes to offset the impacts of the western sanctions and under the umbrella of breaks what of course. now we see that one in presidents, ibrahim bracy is among the world's leaders attending an invite of, of course he was invited by the south african president to take part in the break

summit. and what is seen as a key step towards it wants admission into the alliance. of course one applied for membership in brakes back in july 2022 and now its potential membership could bring significant advantages. advantages for both sides as brooks accounts for roughly 30 percent of the global g d p, and about 40 percent of the world's population now and his weekly press are not sore. kennedy, who is the sports person for a long uh, 40 minute 40 minutes. we highlighted it once close cooperation, already close to operation with all member states of the brakes alliance, cooperation with bricks and membership is significant for iran and the president to so patient is aligned with this framework around stands out as one of the few countries engaging and dialogue in cooperation with all bricks members works, which comprises the emerging economies of brazil, rush, china, india, and south africa has been increasingly acting as

a counter balance through all the traditional western dominance. now we see that we sent to years uh those countries have been cooperating to um, to, to ditch the daughter and move away from the daughter dominance. and it won. and brooks can offer a lot to each other and disregard of course with the complimentary economies. and cultural diversity brooks members can really meet the needs of one another and can really share their national development plans to one another. and it was in disregard can also help a lot that everyone has been showing success in breaking out of international isolating created by us sanctions. and can really set an example for breaks members interest and disregard it wants g d. p has reportedly increased by 4.7 percent and the last quarter last year and is ranked 15th and on the world 72 major economies. it wants economy is also expected to grow even further in light of

brakes. as the brakes alliance is now moving to the introduce a new joint currency and to move away from our, the daughter and, and their bit to dish and the daughter in international transactions. now director general of the west asia department. as your boss, foreign ministry, mr. said russell, and most of the help of the bricks initiative to try to audition adult daughter and use this new joint currency. i said that an amazing transformation is taking place in the global economy, the breaks introduction of the gold back. go ahead and see what we can, the us dollar and the euro, and will benefit other countries such as a ran uranium to own gold wilks experience an increase in their wealth while they want succession to brakes may take a while. uh, its geopolitical significance has already prompted the main members of the alliance to tentatively support your wants potential membership in the group which happens it would significantly give to juan de la golf. and it's

a bit to circumvent the wes sanctions as the brakes initiative to dish the daughter would practically run their us sanctions against that wrong in effective and could bring them back to the global trade. after years of isolation like cable, let's find out what's been happening all day. well the all the break so amazing cost wise to correspond in colorado, the toddler, colorado. very good to see you talk us through what's been going on on day one. so i saw well, they gave, we have a color full color for south africa as it would be. and those kind of meeting those people from the 4 different countries that together with south africa make up the brakes, country. and it's, it's really a, a time of, of celebration if you will, you'll see much more a relax that we'll see. and you are hearing the cover. ok, that's the past with the officials being chaperoned from one area to another. but

in terms of what's been happening today, really is a day that south african, it's set aside for us, they've of it with china and president, she using ping and president drum, a pause, but alia, today really going on about strengthening issues and areas of interest. then they spoke about why the length about how they can do that. for instance, one of the things that they will be looking at is the trade between china and south africa. as you know, south africa is china's biggest trading pod law on the african continent. and it is a very valued member with in the great chinese global outlook. and they were talking about how they can narrow down the trade desk that between the 2 countries . and one of the ways in which they will be trying to do that is through uh more access of south african goods to the chinese market. they've also attached on the ongoing conflict between russia as well as uh, as well as ukraine and the impact that it's having on africa and much of the

developing world. and how the importance of dialog continues to be paramount for both sides in order to achieve a stable and a peaceful resolution between those 2 said countries. now one of the things that the most out of out of the state visit of cause is south africa taking the opportunity to address its issues when it comes to energy supply. as you know, south africa has been stopped off energy and we've had consistent power outages, at least for all of this year. and this is something that will be analysed tomorrow, the details of which us get you right now. but as we understand the minutes to of electricity yay, in south africa, would be signing them over on them of cooperation with 8 chinese companies tomorrow . which represents really a need in terms of what south africa has been trying to harness out of each of the, the members of briggs and how they can go about really exhausting some of the

opportunities that lead between these said countries. but of course, the brakes meeting will continue to dominate the headlights, and we're expecting the for lead us off of the breaks countries as well as minutes . the love to be at the handle of the business council of a round table, which will be really how outlining some of the highlights that have been taking place over the last 10 years. as you know, the bricks, business for them was initiates a chain 2015 in south africa when it held the bricks of somebody in dublin. and this is their tenants. yeah. and the biggest piece of the celebration is, of course milestones being mentioned. yes. is that they initiated the brakes? uh, development bank. it was the business console also that really wanted to deepen trade relations between the countries and since then, south africa's trade with the breaks companies with the bricks. countries rather, at least from 27422021 has really out shown an out,

a stripped all kinds of measures growing by some 44 percent in the time. and we continue to trade with the groups countries in the hundreds of billions of rent. the purpose of this writing table is to further deepen cooperation between china and the african continent, the metrics of development, industrialization and the integration of african economies. the friendship that exist between our 2 countries is living proof of what you set out in our freedom chart. and that's the president of settlers. i'm a pull us, of course going on about the friendship. the south africa i have had with china and the 25 years that this year marks of the celebration of friendship,

which is really infringed within the south african constitution. which was a result of, uh, uh, the freedom to i taught, which was uh, formulated back in 1955 colorado many sang so that it was so lucky to have you here with us into hundreds but covering all aspects of this of it. thanks for now. it does come out, but let's totland now aside from developing to operation within the blog on the global south. the conflicts in ukraine is also on the agenda. we discussed the crisis before myself asking, i'm positive to the us who label to the proxy will wage by the west gaze russia. now you can watch the full interview throughout the day here on the, on the, on the website. in the meantime, here's a preview. the, when there was a decision to most things sort of the security concept because the collective

west could not have the way that and they decided to take the meta to the genetic on the assembly, which is on places event that and all they need to. and none of us to say that you own that on site load the right side of the city. and therefore what we're doing is testify. i will end up doing this with us. is it all those eh, lucy's, that we approach that does really no other reason for having a non binding size energy or an a c, the situation like that one which is also a reflection or with a free load. the security concern to take is, have responsibility and precisely because of the nature of this war that we're dealing with. and you know, understanding, it's quite clear that to say, well, for example, and of course say, and we have to take your decision as to where we stand on these issues. and once

we decided to take a decision, we as a country and we became singled out, a $193.00 countries vote says what i love them, vote for many of the others. i've stayed like us on the road that days. but do i have only one who get picked? why did set, does it go for decently? so ever the board is defense on us. why are you doing this? it's sitting at that example. so we have to take all the set doesn't to concede that issue of members. people think sometimes people think that we take this decision mainly and truly on the basis they forget that we also have a nice a would it be plenty more interviews in the coming days here on all t as we bring to, oh,

the very latest one. the 15th annual rick summit in south africa for now we have one of those incredible guest. absolutely. we are joined by reggie and coast, the executive director and research head for money banking and micro economics at the 1st source money. thank you so very much for the yes. yes. so clearly the brick block has gained significant momentum. but what are the main economic challenges faced by bricks, countries, especially 80 and in recent years. but i think a fundamental challenge that bricks is confronting itself is the issue of international trade pay tanning to the bricks. nations that has been conducted in funny and cutting seems to us back is a challenge to i think that's the key to unwind. as the police begin to discuss these fundamental issues to us is fundamental fundamentals that we begin to unwind back any what? sorry, sorry, sorry, go ahead. we are so anxious to talk to him. we are overlapping each other, the challenges that can be taken or the steps that can be taken to overcome these

challenges. critical pricing between these countries is necessary. that cooperation include by law to treat biological financing, including much about the refinancing within the brakes. car countries such that if you want to take with russia, if we went to trade with the, with jeff or with china, you shouldn't be united way costs tweens by using a food currency to us. that is very important. if what we're not told me to do, don't rise, but i shoot our own independence from a shock because of the global economy, which is constructed from the us on the west. and it's few. and how if you feel that the us on the west and spit a viewing the the breakfast. yeah. and it's the moving popularity. well, i think that looking at a deep sense or footboard is why and i, because look that immediately saying that the grid had on many countries including

those and the brakes is sleeping weighs 50. i'm very, very short. that is why during the worst, there's no doubt about that. absolutely. and of course, there are 2 sectors within the break member space that are driving the economic force globally within economic growth for their breaks. what are the key sectors that need additional priorities in quite a few good sectors. i think that the books must be the conceptual kind of communications is, vide, includes i c t infrastructure like cotton transport and logistics is vi did not just a transport seat transport. then transport, these are very, very important, not just for the economies, but within the brakes themselves that do in novel, they move mental people and a couple of the keys, the movement of, of capital as well as good says. so i think energy infrastructure um transport communications, those are very,

very vital sectors that we must into. but of course, so the traditional ones like mine i, they, we cannot really begin to mention because, oh well no. but then what the key drive is already cutting me right now. how optimistic are you a for some major results? also they see is some, as i mean, the boss being set pretty high has in it for, you know, the possibility of a development of a common currency for even world peace be you know, on the agenda up to something to drive towards how up to me is to call you that these things can be realized or put great read as in the brakes and my science is that committed to driving some of these things like they, they, they come and kind of speak, but not necessarily come and come and see for not what that's a very mean bishops project for now is in my view the come on payment system. that is very easy to realize that ross has already developed science time has develop. i mean india also it is doing that. so i've, i've forgotten waiting. we see some payment system invite to the medic eyes. it's

for the same. unfortunately, we need to have now a breach payment system that can you not all these countries, that is actually, and i think many others out to up with the details right now at the beginning to talk should be able to see that this is a jo, politically i think it is common goals that they kind of challenges in europe. ukraine address here, which must be overcome by the issues that also breaks the assist with no doubt made by counties. ok. except i'm beginning to wonder what's going on. i think how do we collectively begin to be of assistance in ensuring that these tendencies i wiped off the top on top of the switch and speaking of do politics, how do you think that joe political factors influence economic cooperation? i don't know if they've got significant parts. i mean, right now the tension between russia and the us because active west throughout the north, just the us driving. i think the interpret countries to unite and

not just that this move away from the rush um, connected with the guns done. the reserves of gun steinway punch is getting ready. what i've got to spend, although the port us countries on it, there can be no country or research to have to, you know, grab model you of monies over one over the ports, countries that you said, your political issue that, that ensuring that the last 2 of the corrective south must begin to work very closely together so that they can avoid iran is one of them i get. so it's not just about did i say this? frankly, you run venezuela. then as soon as it is actually picked up in less than not long ago, we have quite that way of it. so we cannot have countries choosing who to work with and choosing what it is that they have to do on their own.