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Tuesday, November 26, 2024

BRICS reject ‘illegal’ Western sanctions

Such measures have a disruptive effect on the world economy and international trade, the group’s joint declaration reads

BRICS countries strongly oppose and condemn the practice of unlawful politically motivated sanctions that undermine the development of other states, according to a joint declaration adopted at the 16th BRICS Summit in Kazan, Russia.

Entitled ‘Strengthening Multilateralism for Just Global Development and Security,’ the 33-page ‘Kazan Declaration’ was released on Wednesday following a range of multi-format meetings by the BRICS leaders.

“We are deeply concerned about the disruptive effect of unlawful unilateral coercive measures, including illegal sanctions, on the world economy, international trade, and the achievement of the sustainable development goals,” the declaration reads.

The joint statement pointed out that such measures are “inconsistent with rules” of the WTO, undermine the UN Charter and jeopardize the multilateral trading system.

The sanctions also “negatively impact economic growth, energy, health and food security exacerbating poverty and environmental challenges,” the document said.

The declaration underlined that the “unilateral coercive measures, inter-alia in the form of unilateral economic sanctions and secondary sanctions that are contrary to international law,” have far-reaching implications for the human rights, including the right to development, of the general population of targeted states, disproportionally affecting the poor and people in vulnerable situations.

“Therefore, we call for their elimination,” the BRICS statement stressed.

The group’s members have been deepening their economic ties and strengthening cooperation despite unprecedented Western sanctions against Russia and the threat of secondary sanctions. The US and its allies have introduced a record number of restrictions against Moscow, freezing an estimated $300 billion in assets belonging to the Russian state, as well as sanctioning individuals and entities, including those in the energy, metals and mining, and financial sectors.

Moscow has repeatedly condemned the curbs as illegal, responding with travel bans on Western officials and warning of other countermeasures.

Meanwhile, some high-ranking Western politicians and diplomats have acknowledged that the sanctions on Russia are ineffective, noting that the scope for further restrictions is narrowing.