Brazilian President Luiz Inacio Lula da Silva and New Development Bank (NDB) president Dilma Rousseff accused the US, its allies and the Western-dominated financial order on Friday of weaponising tariffs and sanctions.
They also used the opening of the Brics bank’s annual meeting to call for new models of development and cooperation across the Global South.
Speaking before finance ministers and governors from Brics nations and new members in Rio de Janeiro, Lula said the NDB was proof that…



