Achilles heel in Brics+ quest to shape a new world order

What you need to know:

All nine Brics+ countries committed themselves to the principles of the UN Charter.
The summit emphasised that dialogue and diplomacy should prevail over conflict.

adoption of local currencies in trade and financial transactions. The Kazan Declaration notes the benefits of faster, low cost, more efficient, transparent, safe and inclusive cross-border payment instruments. The guiding principle would be minimal trade barriers and non-discriminatory access.
establishment of a cross-border payment system. The declaration encourages correspondent banking networks within Brics, and enabling settlements in local currencies in line with the Brics Cross-Border Payments Initiative. This is voluntary and nonbinding and is to be discussed further.
creation of an enhanced roles for the New Development Bank, such as promoting infrastructure and sustainable development.
a proposed Brics Grain Exchange, to improve food security through enhanced trade in agricultural commodities.