China has urged the BRICS bloc of nations to take on greater responsibilities and establish itself as being inclusive to the world. This comes after increasing Western sanctions.
China faces US-backed sanctions
Many Chinese companies have faced US-backed Western sanctions over their support for Russia’s war in Ukraine. The European Commission will announce tariffs this week on Chinese EVs. The tariffs will protect European carmakers.
The Group of Seven wealthy democracies is expected to send a tough warning to smaller Chinese banks this week. They will tell them to stop helping Russia evade Western sanctions.
Foreign Minister Wang Yi said the politicisation of economic issues has grown along with unilateral sanctions and technological barriers. Wang said this at a BRICS foreign ministers’ meeting in Russia’s Nizhny Novgorod without naming any countries.
The ministry published his remarks.
China feels BRICS must have a greater role
BRICS has expanded by several more members after Egypt, United Arab Emirates, Iran and Ethiopia joined at the start of this year.
Wang said the expanded “BRICS” should build the bloc into “a new multilateral cooperation mechanism.” Developing countries will help drive this.
Wang met with the Brazilian foreign minister Mauro Vieira on the sidelines of the bloc meeting. He said China was willing to work with Brazil to enable a greater role for BRICS in global governance. China would also safeguard the interests of developing countries.
With inputs from Reuters
