South African President Cyril Ramaphosa warns that any attempt to arrest Russian President Vladimir Putin would be seen as a declaration of war against Moscow. South Africa is obligated to arrest Putin due to an ICC warrant
countries present at the meeting there? there is certainly concern among south african a leaders that emerging markets are going to experience potential collateral damage from a potential trade war between the goliaths in the global economy being china and the united states. and that was expressed strongly this past week in both bilateral china/africa meeting between president xi and in the bric summit itself. but is there is a way that major emerging economies, the ones that are gathered there, could actually benefit from trade tensions? are there ways to work around it? well, it is very difficult because the macro impacts of rising interest rates in the united states, which you touched on in your introduction,
least china has said ok fifteen billion to ghost two to south africa they ve also said that they are grabbed so that we ve got mills for struggling at power utility company eskom so he is off to a good starts this summer it s and that said as well he s also not just saying that he wants investment in south africa is also we saying that we actually want breaks to invest in the rest of the continent and that s also while we at this summit also see need as from one that from one goal or from mozambique so there s more of a table there for saddam of course up and just south africa if you were looking at this this additional interest that the brics is generating right now is there any chance of brics my my grow. well ed there is definitely many african countries that would like to i think if they can fart of brakes and merging economies so i think also some of that leaders there might lobby as well for their mad to to join bricks and we also see that our
this is a need the first high level conflict between turkey and bricks are going will attend a special session in his capacity as the chairman of the organization of islamic corp and they ll also sideline foreign will meet with russia i would they ve been increasing their corporation but looking at africa part of turkey s in time there is expanding its presence on the african continent they want to establish a diplomatic missions in every african country dave said and they just want to explore trade on the continent and that s why we also see a lot of other players coming to the table now this bric summit. let s go come to you for a moment with all the on the rest of the world economy how important are the brics and how important is this summit for india in particular when i think the brics are important you know that analysts here who see that the block off as a multilateral platform for india to have a great to see in the world s financial affairs for instance you know india is keen
now for what in the world segment. world leaders came together in brazil this week to celebrate. no, this had nothing to do with the world cup. i m talking about the sixth annual bric summit. the leaders of all the brics nations, putin, modi, rousseff, xi and zuma gathered in brazil and on tuesday they sent a shot across the bow by announcing a $50 billion bank meant to rival the world bank and $100 billion crisis fund to replace the imf. i can understand why they made this move. you see these five nations, brazil, russia, india, china and south africa now account for more than 40% of the world s population and almost 20% of the world s total gdp, 17% of global trade.