MOSCOW (Reuters) – Below are key points from the Kazan declaration issued by the BRICS group after a summit in Russia.
ABOUT UKRAINE:
“We emphasize that all States must act consistently with the purposes and principles of the UN Charter as a whole and in their interrelationships. We note with appreciation relevant proposals for mediation and good offices aimed at a peaceful resolution of the conflict through dialogue and diplomacy.”
IN THE MIDDLE EAST:
“We reiterate our deep concern about the deterioration of the situation and the humanitarian crisis in the occupied Palestinian territories, in particular the unprecedented escalation of violence in the Gaza Strip and the West Bank as a result.
of the Israeli military offensive, which led to mass killings and injuries of civilians, forced displacement and widespread destruction of civilian infrastructure.”
“We express our concern about the situation in southern Lebanon. We condemn the loss of civilian lives and the extensive damage to civilian infrastructure resulting from attacks by Israel in residential areas in Lebanon and call for an immediate end to the acts of terrorism.
military acts.”
ABOUT WESTERN SANCTIONS:
“We are deeply concerned about the disruptive impact of unlawful unilateral coercive measures, including illegal sanctions, on the global economy, international trade and the achievement of the Sustainable Development Goals.”
ON THE REFORM OF THE INTERNATIONAL FINANCIAL SYSTEM:
“We underline the need to reform the current international financial architecture to address global financial challenges, including global economic governance, to make the international financial architecture more inclusive and equitable.”
ABOUT BRICS GRAIN EXCHANGE:
‘We welcome the initiative from the Russian side
to establish a grain (commodity) trading platform within the BRICS (the BRICS Grain Exchange) and then develop and expand it to other agricultural sectors.
ABOUT THE BRICS CROSS-BORDER PAYMENT SYSTEM:
“We recognize the widespread benefits of faster, cheaper, more efficient, transparent, secure and inclusive cross-border payment instruments, built on the principle of minimizing trade barriers and non-discriminatory access. We welcome the use of local currencies in financial transactions between BRICS countries and their trading partners.”
ON BRICS CLEAR DEPOSITARY:
“We agree to discuss and study the feasibility of establishing an independent cross-border settlement and custody infrastructure, BRICS Clear, an initiative to complement the existing financial market infrastructure, as well as the independent reinsurance capacity of the BRICS, including BRICS
(Re)insurance company, with participation on a voluntary basis.”
ABOUT FINANCIAL INNOVATION:
“We welcome the focus of the BRICS Interbank Cooperation Mechanism (ICM) on facilitating and expanding innovative financial practices and approaches for projects and programs, including finding acceptable financing mechanisms in local
currency.”
ABOUT THE IMF:
“We reaffirm our commitment to maintaining a strong and effective global financial safety net, with a quota-based and adequately funded IMF at its center.”
TO G20:
“We recognize the importance of the continued and productive functioning of the G20, based on consensus with a focus on results-oriented outcomes.”
ABOUT THE PREVENTION OF FUTURE PANDEMIC:
“We support the initiatives of the BRICS R&D Vaccine Center, the further development of the BRICS Integrated Early Warning System for preventing mass risks of infectious diseases.”
ABOUT BIG CATS:
“While we appreciate the efforts of our countries to conserve rare species and point out the great vulnerability of big cats, we note the initiative of the Republic of India to establish an International Big Cats Alliance and the BRICS countries to encourage
to work together to make further contributions to big cat conservation.”
