BRICS Bloc Expansion: Russia Engages in Active Discussions with Member Nations, Confirms Official

"Russia Announces Regular BRICS Discussions on Group Expansion, Member Countries Deliberate Consensus"

Russia and other BRICS member nations are in discussions regarding the expansion of the economic group, according to a Russian official. The group, which comprises Brazil, Russia, India, China, and South Africa, is looking to gain global influence and shift away from reliance on the US dollar. The economic group is also working on creating a common currency for member countries. Some economists have warned that a BRICS currency could erode the USD’s dominance. South Africa’s ambassador to the BRICS group, Anil Sooklal, revealed that 19 countries have expressed an interest in joining the BRICS economic bloc.

Russia’s Foreign Ministry spokesperson, Maria Zakharova, stated that the entire range of issues associated with the expansion is being discussed at BRICS sherpas and sous-sherpas meetings. She added that while the discussions occur regularly, it is premature to reveal any specifics about the approval procedure at this time. Zakharova emphasized that the BRICS nations are focusing their attention on the group’s expansion as the topic is highly relevant at present. The spokesperson noted that these issues “are discussed by the five heads of state and foreign ministers,” adding that the declaration adopted at the 14th BRICS summit in Beijing issued instructions to work out appropriate guiding principles, standards, criteria, and procedures.

Sooklal elaborated that thirteen countries have formally asked to join and another six have asked informally. He said that the group will discuss the expansion of BRICS and the modalities of how this will happen. “We are getting applications to join every day,” he added.

The BRICS group has been pushing to gain global influence and shift away from reliance on the US dollar. The group is working on creating a common currency for member countries. Some economists have warned that a BRICS currency could erode the USD’s dominance. The expansion of the group is highly relevant at present and is being discussed by the five heads of state and foreign ministers. The group is working on appropriate guiding principles, standards, criteria, and procedures for expansion. Thirteen countries have formally asked to join and another six have asked informally. The group will discuss the expansion of BRICS and the modalities of how this will happen.

Martin Reid

Martin Reid

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