[000:00:00;00] the, the, well, it really is the dawning of a new era for the mo, the poto world right here is lead. is it a sending on russia for the brick summit here in because i promised to write the role of a previously west on the global order. that's not to say there against it. but i think it is a case of out with the old and in, with a new to welcome to our special coverage here, right in the heart of cuz i'm not over the last few hours the studies stream of jets have been bringing some of the wells movers and shakers to this land, bach event, the chinese india. then if you get 5 ministers on south african president, all all of on those getting very warm embrace is a off the touching down in because us now it is the 1st the summit is new

in large format with a to new applicant countries joining the family at the global south gains an ever strong voice. so that's a good president, serial it. i'm a post, i said, bricks lies at the heart of a rapidly changing world. dealt with trinity teams operating and they put on the program to fix business come through as a crucial role in expanding che, did you big country the well a very well well and so i'll continue special coverage here from a outdoor studio overlooking the gorgeous cars on kremlin complex, of course, this is the brakes 2020 for somebody to fly from cars on exclusively, on, on the international. we're so grateful to have your company for what is a case of history in the making and you're watching it in real time. so many

countries want to join the bricks, geostrategic family blog, and some of the latest countries to show an interest. so it'd be, for example, that suggesting they would like to join. i'm very interested in you as well. t a which is a ne, true man, but as i understand or the one even one's an expedited pos into the bricks. family will give you more details on that as our special coverage continue. throat ology international, but just a short time ago, a lot of my person was meeting with the chief of the bricks, development bank bill mode, rou seth. and basically saying that a transition to making national settlements is a way of reducing what they called geo political risks. and increasing settlements and local currencies allows you to reduce payments for that service, but of course, increasing taxes and local currencies allows you to reduce the cost as a set of offers. local currency supplements increases the financial independence of the mix. members. so what does the perks alliance mean? i guess in world terms, because as of today, as a group accounts for 46 percent of the global population,

we're talking 3600000000 people. it unites 45 percent of the land mass. and critically as well, economically speaking represents more than 47 percent of global g, d p, which means it's now surpassed the g 7 and with the intake of new members, it also brings 45 percent of the world oil reserves under his wings. i cannot stress the importance of that heads of state from all over the world of being touching down in cars on the head of this momentous gathering. the

now one of the most recent arrivals to the brick summit was the chinese president g doing things who are stepped off as a jumbo jet within just the last hour ahead of the offender basically highlighted how briggs has become a staple for screwed increasingly. so the world leads that insights. i would like to reiterate and emphasize that this year marks the 1st year for grades of bricks, cooperation. since the establishment of bricks its member countries have consistently acted in the spirits of openness, inclusiveness and when weight and co operation. stay true to bricks. founding purpose of seeking strength 1st, solid daugherty, and remains committed to upholding multilateralism. thus becoming a positive and stable force for good in international affairs as well. okay, so let's learn a bit more about the brakes alliance because essentially the 1st brick summit was held in the russian city if you kept it in. but that was in 2009 uh, the, the latest uh at the time set the goals of the blog to basically promote dialogue

and cooperation and so of common interest and basically to build a more harmonious world. now the 1st, the group had full member states, it was break, it was presented with russia, india, china, and then it became brooks. when south africa came on board in 2010. now this year, egypt, if you iran, and the united arab emirates role joining. and while there is now quite a long q, foaming out the door with countries eager to join, what is rapidly becoming the new financial, i didn't dust real power house of the world. so everyone else wants. he's to ask you to tell you that for a freely intriguing story about how the bricks group is only going from strength to strength from humble beginnings, to economic and political power. house bricks is the new kid on the block, shaking things up. brooks is a melting pulse of language is economy's religion dismissed the teams. political systems, coaches all different,

and yet somehow united with the sun. what sets fixed upon from many other international organizations, bricks was never meant to be created in opposition to anyone, the prime minister of india put it best. he said, bricks is not an anti western alliance. it is simply not western. this distinction is very important. there is great meaning and that brakes does not set itself in opposition to anyone. it is a group of countries that are working together, guided by shared values, a common vision for development, and most importantly, by the consideration of each other's interest. ricks is unique, thrown together not by both money or military bytes, geography or history. rather, it's a way of thinking, what about peace and prosperity for about corporation? what about respect and representation? and it was born of necessity for too long. too few countries, rich from sun during poor nations, had to goods, jealousy,

guarding the wealth and power. to be honest to buy the club. because there was another plump, it was called a d 7. and you wouldn't let anybody else into that trap. so we said we go home, i don't know. so we decided ok, uh, you know, we are also, well, you know, good citizens of good standing who have a place in the, in the global society and, and the full, uh, uh, this house typically clubs, multiply that. so uh, so it stopped it. and as it started the, like many clubs had gained the life of its own. as i travel around the world, uh, i frankly see motor and mall uh, enthusiasm, you know, more mon interest really in country is wanting to be associated in some form of the other. for it says for in popularity. it shouldn't be surprising. i'll throw hardly a week, goes by without us hearing threats and such and corridors of power. pay by our

rules trade with to we approval for like fleet as we want flights on fund the was that we need home. and by the way, our enemy must be your enemy to or else. and if you've got to step how to fly in and put sovereignty over subservience, if i need to see what is clearly today's global economy is grossly distorted by the message that the west is using to punish those who do not follow its rules which are steeped in neo colonialism to wipe out competitors, you have to go into these methods include unlawful sanctions, or i go asset seizures with an eye towards confiscating for and owned property. as well as black male trades blockades. and much more that undermines the basic foundations of the global economy and hinders the achievement of opportunities that are of interest to all countries around the world who still oppertunity is, are being shorted. as the west prevents their realization in order to promote its own self serving interest. and so that was right around

a thought of the world's countries and now sanctioned by the us, one way or another. over $9400.00 individuals are washington's blacklist held by the throat by you told me in a dollar, which is no longer currency, but a weapon used and abused to secure america's loss being had too many to keep intact the rules based on what some rules are illegal federal dissolves web? some i c c war and so good. but oh, those aren't where the rules are for some not for all. the times are changing. and countries time not just overhead pulled proceeds, but also being treated a 2nd tall citizens, anxious to be living at the wins of a few useless shameless. she has no clue window to push it. there is now talking about just switching to national occurrence of mine. who knows which side of the

bedroom the was present need to get out of tomorrow. so if you will call out of facility for this move to trading in local currencies is an act of self defense and it is picking up pace every day. around 65 percent of the trade between bricks members now bypasses the greenback in brochure and china is case it's 95 percent. now the room is of a new thing to do with the us dollar payment system a bit like swift, but which, unlike swift, the white house calling just caught nations off from when it's in a bad news. and all of this is part of creating an 8 political alternative to wall georgia, that's out of date, out of touch. and very often out for plot brick stairs inbox and a huge jump in these efforts to build a world that is fair. a word that is just

a word that is also inclusive and prosperous. the west wants to control the discourse in the world, but we can no longer accept it because they are no longer a colonial paula. an independent country should be free to express themselves. the world is no longer uni pulled and the rise of bricks including china, has offered a gleam of hope that there are checks and balances in the world. like a fall out of the mirror, the multi folding world and any kind of reality. more than most entries speaking out sort of i will go to the point i later to resolution. yeah. the only they legitimately right. you got some protective edition without even saying which ways that we incentive our and economically fundraising and growing strongly. it's, i do need for a long time the world has witnessed in the global to today's world. see, i come to see is that all the info this coalition of emerging economies has demonstrated the importance of adding different voices to the global debate. we believe that a multi polar world is better than a unipolar domination or a bipolar dispute. the creation of various networks,

various agreements between countries can help balance out conflicting trends and tensions. the right thing is on the wall, the center of power, both political and economic is shifting east and south and bricks. bricks is the face of the driver of that change out not to compete, not to challenge, not to criticize or impose conditions on what to. well, leave the bricks for a new truly rules based tool to one in which this time every one plays by the same rules. all right, let's take this conversation, fill them out with a model code for them. the is it personally and scanner and columbus at brazil, the 5 to now joining us. they live in a studio in cars on the hill the fast so actually translates to up result for read something like that, something like that. yeah, that's really cool that i like that i like, hey, this is what continues on, by the way. what do you think? well, thank you so much for having me here. it's

a pleasure. and it's of course, beautiful view and very exciting moment is a historical moment. so all of it, so true. i mean, history really is in america, i'm and i, i don't wanna sound like a cliche or a broken record, but it's just, it's just the truth guys, it really is in the making. we just towed a few moments ago from the russian president vladimir putin, through speaking with zillow ro, stuff. she's the head of the bricks, development bank. and they were basically saying, because we know now, but this unified one car in secret bricks. it's not ready. you're not ready, but they are stressing now the importance of continuing to trade among bricks with national currencies base say that's will reduce geo political risks. i ask you, is it going to increase geo political risk? do you think that's a very good cash? and very because at the end of the day, we know there is a big trend among many countries in the global south right now, which is doing trade with national conferences like russian china right now is 95 percent of the trade russian india also very similar china has agreements with more

than 40 countries now to the trade in india on clarissa. so of course, this is a risk that the west will start to sort of boycotting uh does, does, does movies. but uh, we also have to be careful because the, the trade between uh, countries and national courses, it's true that is an important step. mm hm. but might be not enough in some cases because he works when the countries have a balance straight among that yes, when it's very in balance like 4 is right now between russian in india and russia has much more trade, much more exports to india then import. so this is creating some sort of, uh, 10. she's not tensions, but they are trying to figure out what to do yet because it means that, you know, you're talking about a family right. and that family, you know, it's difficult keeping everybody happy under the same roof. i go to the right. so, you know, yeah, you go to, you know, kind of give and take a bit of delicate balance and make everybody happy if you can. but susan was saying that this, the he was pulling this one of the biggest foreign policy events ever in the

russian federation saying it's really, really important. meantime, there's basically no western countries who are attending this. i mean this is, it's a big deal to do. you think that shows, is it symbolic? all the bricks. finally, the way that this diversity is going to was multi point of world. why is that? no. g 7 in cars on today? well, i think it's, i think is right, because i think for, i'm talking to 7, we have already do 20, right. so it's very important that we also have our on loops group our gloves as a minister junction card for ministration of india. they may just drove vincent really saw that. yeah. all right. very good. he's really cool. yeah, he's very good. so i think it's important for us to have this the space because remember why we created breaks recreate it breaks because the 4 original countries, busio china, russian, india started to realize that they have voices in multilateral oregon is like,

i imagine we'll back and night in nations we're not being heard. yeah. so that's why we form bricks originally. so i think now bricks is growing bridge and we have more families growing. yeah. and we will more than the next years. yeah. but i think it's very important for us to have this space, which is a global soft space. do you think? do you think the bricks development bank can co exist with the i m f, and world bank? or do you see any conflict of interest? that's a very good question too, because remember when we created national development bank in 2014, by the way, in brazil in my country during present dumas recess, chairmanship, condemned to be, was supposed to be an alternative to the will bank. right. and we also created the contingent reserve arrangement, which was supposed to be an alternative to a mess in terms of countries in, in a running out of, out of dollars in international reserve. so could go to the so of course of this

both institutions they, they, they, and they, a statute, they are going to, uh, live together with, i imagine we'll bank, but i think it's also important to have an alternative. yes. even in a way to put pressure, and i am asking the bank for reforms. yes, exactly. you know, it may be actually helped me. i may have to lower its interest rates because that historically, up seen the interest rates. i mean that these loans that have, as many people say a full sped to developing nations, you know, but there are so many countries now that are interested in joining griggs but so get off it off the russian foreign minister said recently, potentially 3000 also are interested in joining this. finally, i'm meantime the bricks, bridge payment system is trying to get, find live is already in effect with some certain countries, but the brits bridge pay me systems going on. and as i understand one, the $159.00 countries worldwide have already shown an interest in being involved in the brakes. bridge payment system. that's basically an opposition to the swift payment. yes. and from the west, right?

yes. a 159 countries. my friend that's over 80 percent of the world. how is not possible? what does that mean? how, what, what's the significance of so much of the world looking to move away and go to a different financial mechanism? well, because the countries are realizing that by now sift is became a tool of united states to punish countries that are not they don't get alone. countries that are trying to, they hedge many countries that maybe want to do a different uh, economic a scheme. so i think it's very important to have this as soon as possible. we know that, i mean, we're expecting the announcements tomorrow of this uh, the, the breaks bridge. and we know that there's a lot of what to be done because you said you said an announcement tomorrow, i don't know we're expecting to do a lot of, you know what it's going to be about. we don't know, you come on, you must, there's something here and i thought you knew, i thought i thought it but it. yeah. so there was going to be this big announcement . right?

yeah. a lot of people are speculating what it's going to be about. but monica, i wanted to ask you because some of the countries along this ever growing list that want to join brick, some of the newest countries to, to show it interest. so it'd be a, for example, but very interesting, really enough towards ca. yes, is wanting to joint bricks and as i understand, i heard from the grape vine, the present, the older one and one of the expedited pos into brick. she was like make it quicker for us now. hold on a 2nd, a monaco break. so we took a is a nature. mm hm. so what is the nature of that but doing, trying to join brakes? well, i think 1st of 1st of all, i think it's also a big sign of how much nato. uh, is it have conflict and internally. yeah. because some of the countries are not agreeing with, with all of the policies from nate to in the last year, especially now with the massacre have happened in palestine. yeah. which is supported by need of course. yeah. so for turkey, i think also let's see because, you know, we know the, he's

a very smart politician. he also knows how to play with both sides and sometimes, okay, i'm on a gold breaks. yes. so i can talk, i have more bargaining power with your opinion. and i mean, the truck is trying to drive the unit for i know, 15 years how many years a car? 3 years it's only ones that i want to join the got yeah, buddy, just hold on. hold on. yeah, no, no, hold on. it's been and looks like that, right. i think that's part of the reason it might be either in my hood. also the other one had complain that being a nature my but he was having difficulty procuring equipment for data of military military components, for example. and some people say, if you upset to the boss, then he can find ways to upset you. for example, the right parts for these nato jets that are sitting and targeting are the ones not getting the parts he needs for them. because he upset somebody in washington, so there's all this, we caught it behind the scenes cloak and the address called dugger 8 going on. but

do you think to, to, to k will join brooks? i don't know. let's see. it's hard to know right now because we don't have access to the negotiations that are happening like internally. yeah, uh, but i think would be great. i mean if, if, if tarkey for natal country wants to join brakes, it's one more assigned. the briggs family is becoming stronger. yeah. yeah. you know, i was, i was reading some comments on the did that recently, the american president, and he was saying that, that when it comes to ukraine, for example, if nato fluids using it basically already has, it would show that the deterrent effect of nato is ineffective. and therefore, the whole narrative of nato would crumble. that's why some will lead us in the west to saying that russia has to lose in ukraine because it blows out the credibility of the day. so when you comment on that, well, i mean, as we know, mean right now, nato and us. yeah. just trying to is mesh any opposition or, or any challenge you of, of the hedge of money. of course,

russia is on the front line of that. we know that china might be the next some young i'm yeah, i live in china. i mean i, i see how people are, are afraid of a tech from, from a door, especially in taiwan. oh, they to spreading. it's spreading the kitchen was saying, what are you doing guys? yeah, i thought it was, i went to canada. i'm going to say something. yeah. i have i it's right. the news you and australia to that at all this. yes, but persian was saying, no. so why you spreading to asia? you are literally turning the boat. you're rocking the boat, you're causing global homes. do you think he has a point? yeah, absolutely. okay, and this is every day in china and chinese media and say okay, but i thought it was north atlantic alliance. yeah. you guys now in east asia. you eyes are in southeast asia. yeah. and i mean, there's a lot of provocations going on and see things right now. and this is another hot point is all i want is all point is yeah, all these, all these navigations to the straits and all of this kind of stuff as well. it is,

it is fascinating what's happening and what is the view in china by the way you've been living in china, wants to view in china of bricks. oh, there's a big expectation around breaks. and i think specially in the last 3 years, especially after the, the summit in china was actually was online because of pull, right, right. but then was the, when they officially announced that the bricks was going to expand as insistent that was 2022. since then, there's like a big discussion and meet you see, i don't know if the taxi drivers are you'll, you'll go in the gina and tax drivers to all your, from brazil, all your brakes, all we have brothers. so that's clearly something that is going is not only in the high level discussion of publications, but is also going into the population. so i think it's a very interesting moment as a few years. so people say, if a taxi drivers are talking about it, that it must be true specs, everyone must note. all right, it's a straight monica for 9 days of resilience gone are also from what does it, what the fafsa, which means present for real? it's been so lovely having it is. thank you for this conversation so much. i really enjoyed it. yes. but i'll see you next time by by is just well,

this. yeah. so 2 african countries or egypt, and if you, if you had joined the ranks of the group of south africa, it was the continents 1st nation to become part of the british side many back in 2010. and the head of traveling to cars on its president pseudo and i'm a photo said the country was ready to fully embrace the potential, the bricks, office. the historic expansion of bricks creates for the opportunities to foster pro, bust, trade and development corporation. the expanded bricks group now covers 43 percent of there was population of the group together. icons for 27 percent of global g d p, and the 5th of what exports the opportunities for cooperation, any economic progress, immense. the big business council has a crucial role in expanding trade, which in bricks, countries, south africa,

is ready to play as part and realizing they cannot make potential breaks in the midst of an improved economic outlook for south africa, the african continent or free trade area, is looking must've opportunities for trade, investment and industrial growth. the african continent is looking for partnerships . that were, i love the dynamic and the potential of fits 1300000000 people. so among the new members as africa's 10 largest nations that have easy over here. so just for a moment here on special coverage, let's have a quick look and see what does the

e c o p a bring to the bricks table. the easily has now mobilized against you, appear in spite of the league of nations. in spite of her treaty of arbitration, in spite of efforts and conciliation and adjustment, economic exploitation based on the excuse of re surprise you, this is the program of the white world. italy states it openly and plainly the world for any part of it seems unable to do anything to prevent the impending below . the only excuse for which is that other nations have done exactly what italy is doing.

the ethiopians, official entry into the bricks mechanism, opens the door for ethiopia to gain significant political, economic, and social advantages, while further strengthening our balance to engagement with global partners the the rest of the city. if you, if you're doing this as where you feel you, we traditionally have deep relations. our spiritual humanitarian ties are very good . and many of our companies are showing interest in working on the open market. these are energy companies. these are machine building company.

the membership is the missionary in goodman, in a sense that the one of the books is sufficient of joining the new kind of money to the mortgage. and the 2nd thing is the rich countries of the income and was the was easy. okay. and are, you has been exploring things off the couple of centers and the relationships that we have now is vix, countries in roughly shoes the road squared away type or dance transmission lines being built. we have which is being built, for example, to rush out to build the 1st from the technical institute in a built in russia bill. the 1st we find anything will be

the worst task understand us, come through. so many companies comes in right? departments who's in the last was any other countries to be able to pursue developing the sustainability developments cannot come up. that should be the should fax machine. and that's exactly what ricks represents. the kind of information and perhaps the issue that's important for undertaking development then the meeting standard the yeah, you know the comment, right? that really encapsulate what, what is the, the feeling the sentiment here in cars on for the 2024 bricks conference. we appreciate you joining, i say we're all on stand by, by the way, any moment we are hoping the russians residents ottoman food and will be having a face to face with his indian count upon the range remote he is here. he is in town sticker on we'll continue our special coverage life from bricks 2024 in cuz on on,

on the international the the, the previous 3 plus the new ones that actually will lose each kilogram and any sort of