During a meeting yesterday in Luanda with Angolan President Joao Lourenco, Russian Foreign Minister Sergey Lavrov discussed the necessity of creating a currency for the five-nation BRICS grouping (Brazil, Russia, India, China, and South Africa), given that the West can’t be relied on to respect its own mechanisms of the inviolability of property, the presumption of innocence, fair competition, and globalization.
As reported by Sputnik News, Lavrov said that this subject would likely be on the agenda of the next BRICS summit in August, hosted by South Africa. “Serious, self-respecting countries are perfectly aware of what is at stake,” he said. President Lourenco is one of the African leaders invited to attend that summit.
Lavrov also referenced discussion taking place among the BRICS nations and those of the Community of Latin American and Caribbean States (CELAC) on establishing their own new currencies within the frameworks of these blocs. In an earlier press conference, on Jan. 18, Lavrov had reported that his government would soon be re-establishing a mechanism which had existed before the Covid-19 pandemic hit, through which it could coordinate policies with CELAC’s leadership quartet.
