IBOV 208,207.40 ▲ 1.53% IPSA 10,917.53 ▼ 0.50% IPC MEX 69,010.67 ▲ 0.12% MERVAL 3,017,221 — — COLCAP 2,520.99 ▼ 0.01% BVL PERÚ 59,903.86 ▲ 0.31% USD/BRL5.01▼ 0.37% USD/MXN18.42▼ 0.04% USD/CLP973.83▼ 0.76% USD/COP3,174— 0.00% USD/PEN3.43▼ 0.56% USD/ARS1,525▲ 0.02% USD/UYU40.13▲ 2.70% USD/PYG5,704▲ 3.09% USD/BOB11.65▲ 2.79% USD/DOP61.23▲ 2.73% USD/CRC448.07▲ 1.61% USD/GTQ7.64▲ 2.99% USD/HNL26.86▲ 3.12% USD/NIO36.62▲ 2.57% USD/VES879.67▼ 0.03% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.73▲ 2.14% EUR/BRL5.64▼ 0.82% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 208,207.40 ▲ 1.53% IPSA 10,917.53 ▼ 0.50% IPC MEX 69,010.67 ▲ 0.12% MERVAL 3,017,221 — — COLCAP 2,520.99 ▼ 0.01% BVL PERÚ 59,903.86 ▲ 0.31% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Tuesday, October 20, 2026

Brazil BRICS Expansion News

BRICS Summit in Rio: Few Leaders, Vague Statements, No Major Moves

By · July 7, 2025 · 2 min read

The first day of the BRICS summit in Rio de Janeiro highlighted the group’s growing size but also exposed its current weaknesses.

Although the bloc now includes eleven major economies—covering over half the world’s population and nearly half of global economic output—only a few of its top leaders showed up in person.

Russian President Vladimir Putin joined by video, Chinese President Xi Jinping sent his prime minister, and Iran’s president was absent, leaving the foreign minister to represent the country.

This lack of high-level presence raised doubts about the group’s unity and ability to act decisively. The official statements from the summit were broad and cautious.

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Brazilian President Lula da Silva criticized NATO’s increased defense spending and warned that higher military budgets could harm global development.

BRICS Summit in Rio: Few Leaders, Vague Statements, No Major Moves
BRICS Summit in Rio: Few Leaders, Vague Statements, No Major Moves.
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The group condemned recent attacks on Iranian territory and expressed concern about the humanitarian crisis in Gaza. However, these comments remained general and diplomatic, without concrete proposals or new joint actions.

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BRICS leaders also voiced worries about rising tariffs and trade barriers, saying these trends threaten global jobs and growth. Yet, they offered no new strategies or agreements to address these issues.

On the war in Ukraine, the group avoided direct criticism of Russia and called only for diplomatic solutions. Despite talk of expanding cooperation and reducing reliance on Western systems, the summit produced no major decisions or breakthroughs.

The absence of several top leaders and the lack of specific commitments suggested that, for now, BRICS remains a forum for discussion rather than decisive action.

The Rio meeting showed that while the group wants a bigger global role, it still struggles to speak and act as one.

📌 Read our complete guide: BRICS in 2026: Complete Guide to the 11-Nation Bloc Reshaping Global Trade

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Living in or visiting Rio de Janeiro? See this month's events and our Rio de Janeiro city guide with rents, safety and upcoming concerts.

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