Close Menu
Maldives Business TimesMaldives Business Times
    What's Hot

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026

    Malé Hospitals Move to Strengthen Backup Power Capacity

    April 29, 2026

    Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

    April 29, 2026
    Facebook X (Twitter) Instagram
    Wednesday, April 29
    Facebook X (Twitter) Instagram
    Maldives Business TimesMaldives Business Times
    • Home
    • Features

      State Recovers MVR 800M in Outstanding Revenue

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

      April 29, 2026

      Dr. Ali Azwar Takes the Helm at STELCO as New Managing Director

      April 28, 2026

      WMO Warns of Rising Likelihood of El Niño in 2026, Raising Global Climate Concerns

      April 27, 2026
    • BUSINESS

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Dr. Ali Azwar Takes the Helm at STELCO as New Managing Director

      April 28, 2026

      Government Targets 33% Renewable Energy Shift to Cut State Spending

      April 26, 2026

      MindCo Marks Girls in ICT Day with Consultative Session in Hulhumalé

      April 26, 2026

      Allied Insurance Launches “Share the Run” Giveaway Ahead of Hulhumalé Run 2026

      April 26, 2026
    • FINANCE
    • OPINION
    • TRAVEL & TOURISM
    • PUBLIC SECTOR
    • LIFE STYLE
    Maldives Business TimesMaldives Business Times
    Home » Brazil Hosts BRICS Summit Amid Absence of Russia’s Putin and China’s Xi

    Brazil Hosts BRICS Summit Amid Absence of Russia’s Putin and China’s Xi

    BRICS summit advances global reform agenda but highlights growing divisions as Putin and Xi stay away.
    July 7, 20253 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Rio de Janeiro, Brazil — Brazil opened the 17th BRICS Summit in Rio de Janeiro this week, gathering leaders from the world’s largest emerging economies. However, the absence of two of the bloc’s most powerful leaders—Russian President Vladimir Putin and Chinese President Xi Jinping—highlighted growing internal divisions within the group.

    President Putin, facing an International Criminal Court (ICC) arrest warrant over alleged war crimes in Ukraine, opted to participate virtually, with Foreign Minister Sergei Lavrov representing Russia in person. Meanwhile, China’s President Xi Jinping, who has consistently attended BRICS summits since 2013, unexpectedly skipped the trip, citing scheduling conflicts. Premier Li Qiang attended in his place, reflecting what observers say may be growing domestic economic concerns and shifting diplomatic priorities in Beijing.

    Focus on Common Ground

    Despite the high-profile absences, the summit proceeded under Brazil’s chairmanship, with discussions centered on shared economic interests and global challenges. Brazil, aiming to position itself as a neutral mediator, steered the talks towards global health, climate change, and technology, while avoiding divisive geopolitical topics.

    The leaders released a 31-page declaration calling for reforms of international institutions, such as the United Nations, the International Monetary Fund (IMF), and the World Bank. The statement emphasized the importance of a multipolar world order and condemned rising global trade tariffs, without directly mentioning the United States.

    Expansion and Internal Challenges

    The BRICS bloc, which expanded in 2024 to include Egypt, Iran, Saudi Arabia, the United Arab Emirates, and Ethiopia, now represents nearly half of the world’s population and about 40% of global GDP. However, this growth has also introduced new challenges, as the group struggles to reconcile the priorities of democracies like Brazil and South Africa with the authoritarian governments of China, Russia, and Iran.

    Tensions were further reflected in the summit’s cautious language on sensitive issues such as the war in Ukraine, Middle East conflicts, and relations with Western nations. While the group expressed support for a two-state solution in Gaza, it avoided strong statements on Russia’s war in Ukraine or China’s tensions in the South China Sea.

    Brazil’s Balancing Act

    Brazilian President Luiz Inácio Lula da Silva used the summit to advocate for a stronger Global South voice in international governance. He also sought to balance BRICS unity with Brazil’s ongoing economic ties to Western partners.

    The summit’s focus on multilateral cooperation and sustainable development highlighted Brazil’s efforts to position itself as a global mediator, avoiding alignment in the deepening geopolitical divide between East and West.

    Looking Ahead

    Despite internal disagreements and key absences, the BRICS summit reaffirmed the group’s commitment to promoting a more inclusive global economic order. However, the lack of unified leadership at this year’s gathering raised fresh questions about the bloc’s future cohesion and influence on the world stage.

    Related Posts

    FINANCE

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026
    BUSINESS

    Malé Hospitals Move to Strengthen Backup Power Capacity

    April 29, 2026
    Government

    Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

    April 29, 2026
    Leave A Reply Cancel Reply

    Don't Miss
    BUSINESS

    Malé Hospitals Move to Strengthen Backup Power Capacity

    April 29, 2026

    Malé City Group of Hospitals has launched a strategic push to expand backup power capacity…

    Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

    April 29, 2026

    Dr. Ali Azwar Takes the Helm at STELCO as New Managing Director

    April 28, 2026
    Demo
    Facebook X (Twitter) Instagram LinkedIn Telegram
    • Home
    • BUSINESS
    • PUBLIC SECTOR
    • TRAVEL & TOURISM
    © 2026 Maldives Business Times. by hyvemedia.

    Type above and press Enter to search. Press Esc to cancel.