Tag Archives: brics

Nearly 30 countries have expressed a desire to become part of the BRICS group, Russian Foreign Minister Sergey Lavrov said at a press conference in Moscow on Thursday.  Discussing the results of Russian diplomacy in 2023, Lavrov argued that one of the most significant steps toward strengthening the global position …

More countries are becoming members of the BRICS group because they don’t want to be dominated by any world power, Russia’s President Vladimir Putin has said. “Everyone, who joined BRICS, supports this idea, the concept of forming a multipolar world,” Putin said in an interview with the state-run China Central …

Noted columnist Pankaj Mishra calls BRIC a “casual acronym” coined by Goldman Sachs economist Jim O’Neill in 2001 to draw attention to investment opportunities in Brazil, Russia, India and China. But it became much more significant when Russia initiated the formation of the eponymously titled global body in 2009. A …

Six nations will become full-fledged members of the BRICS group of nations starting January 2024, after their candidacies were approved by leaders of the current member states, South African President Cyril Ramaphosa has announced. The expansion topped the agenda of the summit in Johannesburg this week. Argentina, Egypt, Ethiopia, Iran, …

The International Criminal Court’s (ICC) warrant for the arrest of Russian President Vladimir Putin has thrown a “spanner in the works” of an upcoming BRICS summit in South Africa in August, a spokesman for South African President Cyril Ramaphosa said on Wednesday. As a signatory to the 2002 Rome Statute, …

Russia and India don’t need the US dollar in trade, having turned to national currencies to conduct mutual settlements, BRICS International Forum President Purnima Anand told reporters on Wednesday. “We have implemented the mechanism of mutual settlements in rubles and rupees, and there is no need for our countries to …

Saudi Arabia, Turkey, and Egypt plan to join BRICS, and their potential membership bids could be discussed and answered at next year’s summit in South Africa, Purnima Anand, the president of the organization, told Russian media on Thursday. “All these countries have shown their interest in joining [BRICS] and are …

The Islamic Republic of Iran has officially submitted its application to join the group of five emerging economies made up of Brazil, Russia, India, China, and South Africa, the foreign ministry in Tehran announced on Monday. The move comes after the Iranian president addressed the BRICS summit last week. While …

Russian President Vladimir Putin said on Wednesday that banks from BRICS nations can freely connect to the System for Transfer of Financial Messages (SPFS), Russia’s alternative to SWIFT. While addressing a BRICS business forum, Putin said that together with its BRICS partners – Brazil, India, China and South Africa – …

China wants to expand the group of emerging economies known as BRICS, a senior Chinese diplomat said on Thursday. The economic bloc currently consists of Brazil, Russia, India, China, and South Africa. “China proposes to start the BRICS expansion process, explore the criteria and procedures for the expansion, and gradually …