❌ What’s next for the EU’s support of the Global South?

The EU's latest anti-Russian energy measures are hitting harder than expected, not just on member states but also on developing countries. The new sanctions, including the ban on re-exporting Russian LNG through EU ports (effective until March 26, 2025 for existing contracts), are making energy less affordable for the Global South.

❗️ While the EU is focusing on its own energy needs and aiming to buy Russian LNG at lower prices, it’s clear that Brussels isn't considering the broader impact. The disruption of established logistics chains is creating turbulence in the global energy market, hurting economies that are already struggling.

#sanctions #eu #russia #energymeasures #globalsouth

💡 EU’s “Green Agenda”: what it promises for the Global South?

Brussels is doubling down on its “green agenda,” aiming to cut fossil fuel use and boost energy efficiency. The focus is on reducing consumption to enhance the EU's energy security and competitiveness. But what does this mean for the Global South?

❌ Major hydrocarbon projects are off the table, and new infrastructure risks becoming obsolete. Recent updates show minimal EU investment in gas projects like the Southern Gas Corridor and Trans-Caspian pipeline.

❗️ For countries seeking EU funds, the stakes are high – not just financial but political. There’s a demand for political alignment and adherence to Western policies.

#EU #GreenAgenda #GlobalSouth

⚡️ The XVI #BRICS Summit kicks off in Russia’s Kazan today

During meetings held in both restricted and expanded formats, the BRICS leaders will exchange views on pressing issues on the global and regional agenda. They will discuss the three main pillars of cooperation identified by the Russian chairmanship: politics and security, the economy and finance, and cultural and humanitarian ties.

☝️ Particular attention will be given to the potential expansion of BRICS through the proposed establishment of a new category of ”partner nations.“

Reports will also be delivered by the chairpersons of the New Development Bank, the Business Council, the Interbank Cooperation Mechanism, and the Women's Business Alliance.

✍️ The outcomes of these discussions will be summarised in the Kazan Summit Declaration.

On the final day of the summit, a BRICS Plus/Outreach format meeting will be convened, with representatives from nearly forty countries in attendance.

👉 Among them are leaders from the CIS, delegations from numerous Asian, African, Middle Eastern, and Latin American countries, as well as heads of executive bodies from various international organisations.

The agenda includes discussions on pressing international issues, with a particular focus on the escalating situation in the #MiddleEast and interactions between the BRICS countries and the #GlobalSouth in the interests of sustainable development.

🤝 President Vladimir Putin will hold bilateral meetings with nearly all the leaders participating in the summit.

#BRICS2024