BRICS Second Summit: Executive Summary
September 12, 2025
On September 8, as BRICS acting Chair, Brazil convened a special online Summit of BRICS to discuss a common response to US tariffs imposed under the Trump Administration.
This diplomatic act is unprecedented due to the following circumstances:
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This diplomatic act is unprecedented due to the following circumstances:
- The second summit was organized for the first time in BRICS' nearly twenty-year history.
- The online summit was held only two months after the Rio Summit in early July and within two weeks of its announcement.
- From agendas to action: BRICS is moving from long-term planning to rapid crisis response.
- New financial tools: acceleration of BRICS Pay, BRICS-Clear, and a joint reinsurance company.
- Trade & investment shifts: growing use of national currencies and sanctions-resistant mechanisms.
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If you would like a consultation on these matters, please contact
Yury Panasik Partner, at y.panasik@kesarev.com
Yury Panasik Partner, at y.panasik@kesarev.com