BRICS Rift Emerges in Rio as New Members Balk at Past Agreements
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Shortly after welcoming new members to the club, the BRICS bloc of nations is suffering from the same problem dogging other global multilateral institutions: Its members can’t agree on key issues.
Foreign ministers from the world’s major emerging economies refused to sign a consensus statement at the end of a two-day meeting in Rio de Janeiro, after new members opposed parts of a previously approved plan to reform the United Nations Security Council.