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Russian President Putin Will Not Physically Attend BRICS Summit

Howdy — Fri, 21 Jul 2023 01:01:55 +0000

Cetoex News – According to a report from Bloomberg, Russian President Vladimir Putin will not physically attend the BRICS summit. Moreover, South African President Cyril Ramaphosa has stated that in his place, Russia is set to send its foreign minister to the crucial event, the report stated. Also noting that the decision on his attendance was “by mutual consent.”

Despite the event’s importance, there has long been concern over Putin’s attendance. An International Criminal Court (ICC) arrest warrant convoluted the matter. If the Russian President were to attend, South Africa would have been forced to arrest him in accordance with the warrant.

Source: Reuters

Putin Will Not Attend BRICS Summit

The upcoming August BRICS summit is certainly preparing to be one of the bloc’s most important gatherings. There, the collective will discuss vital developments that will define its trajectory. Subsequently, among those are its currency alternative and expansionary guidelines.

Now, one of the concerns hanging over the festivities is set to be quelled, as Russian President Vladimir Putin will not physically attend the upcoming BRICS Summit. Conversely, if he had attended, he would have been apprehended by South Africa, in accordance with an ICC arrest warrant.

Source: newscast-pratyaksha.com

Leading up to the event, Putin’s attendance remained the dominant story. Moreover, South Africa’s Ramaphosa had previously sought to be exempt from the warrant. Specifically citing that such a decision would result in a deceleration of war between the two BRICS countries.

Putin has undoubtedly taken the most conservative approach to the event. Indeed, there were many who expected him to challenge the warrant by attending the event in person. However, it appears as though that will no longer come to fruition. South Africa is prepared to accept Sergei Lavrov, Russia’s Foreign Minister, in his place. Thus, honoring the country’s presence at the summit.

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Russian President Putin to be Arrested at BRICS Summit?

Howdy — Wed, 19 Jul 2023 01:16:41 +0000

Cetoex News – Despite the importance of the event, the ongoing question of whether or not Russian President Vladimir Putin could be arrested at the BRICS summit has dominated discussions. Now, South African President Cyril Ramaphosa has spoken out about the implications of apprehending the Russian leader.

The upcoming summit will be the setting for critical discussions regarding the bloc’s alternative currency and expansion guidelines. Moreover, it is likely to be a vital event that sets forth the trajectory of the bloc. However, what happens with the Russian President is of the utmost importance at this point.

Source: news.bitcoin.com

Putin’s Arrest Remains BRICS Summit’s Most Important Story

Now, with the event only a few weeks away, the question of whether Russian President Vladimir Putin could be arrested at the BRICS summit is as important as ever. Additionally, Reuters reported that Ramaphsa sought permission from the International Criminal Court (ICC) to be exempt from enacting the warrant.

Source: NPR

Ramaphosa noted the implications of the apprehension, and what it could mean for the country. The statement was noted in court submissions that were published Tuesday. Specifically, as a response to the Democratic Alliance, which urged the country to arrest the Russian leader.

The development is of the utmost importance to the summit because of those very implications. Subsequently, Ramaphos has reportedly begun proceedings with the ICC under Article 97. Moreover, this states that a country can plead not to execute an arrest under certain circumstances. Specifically due to the potential implications of that action.

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BRICS: Putin and Saudi Crown Prince Discuss OPEC+ Deal

Howdy — Sat, 22 Apr 2023 02:27:37 +0000

Cetoex News – The US dollar has been losing its role in global trade. When the pound sterling lost its value during WWI and WWII, the US dollar was established as a global reserve currency. However, global nations are slowly steering away from US dollar reliance.

According to the latest report from Reuters, Russian President Vladimir Putin and the Crown Prince of Saudi Arabia, Mohammed bin Salman, recently had a telephone conversation to discuss the OPEC+ deal to limit oil production.

Putin and Crown Prince expressed satisfaction with level of cooperation

The Kremlin mentioned in the readout of the call that the duo stated their satisfaction with the level of cooperation between the two nations in bringing global oil market stability.

The Kremlin stated that: “The conversation proceeded in a friendly manner, was constructive and informative. With this in mind, it was agreed to build up contacts in specific areas of cooperation.”

The Kremlin mentioned in the call’s readout that the duo expressed their satisfaction with the level of cooperation. The cooperation aimed to bring stability to the global oil market. This was said to evade the United States sanctions.

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Vladimir Putin Asks for Creation of a Digital Payment System for International Settlements

Howdy — Mon, 28 Nov 2022 02:11:17 +0000

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credit – ndtv.com

Russian President Vladimir Putin shares the necessity for a new digital payment system for international settlements. The new payment system is said to be independent of third-party involvement and banks. The details were revealed by one of the local media outlets. As mentioned, the new digital payment system can be curated using distributed ledgers and digital currency technology.

“We all know very well that under today’s illegitimate restrictions, one of the lines of attack is through settlements. And our financial institutions know this better than anyone because they are exposed to these practices,” the president stated.

The sanctions that were imposed have gravely affected the country’s access to the global financial market.

“Based on the technologies of digital currencies and distributed ledgers, it is possible to create a new system for international payments, and much more convenient, but at the same time completely safe for participants and completely independent of banks and interference from third countries,” Putin stated.