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Three more countries set to join BRICS – official

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 …

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Two countries apply to join BRICS

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 …

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Russian financial messenger ready for BRICS – Putin

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 – …

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China calls for BRICS expansion

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 …

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Sanctions push BRICS states towards closer ties – Moscow

Ukraine-related Western sanctions are pushing BRICS countries into closer economic cooperation at an accelerated pace, Russian Finance Minister Anton Siluanov said on Saturday during the first meeting of finance ministers and central bank governors of the BRICS countries, chaired by China. According to the finance minister, the “current crisis is …

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