Five nations become full members of BRICS

PTI, Jan 2, 2024, 5:12 PM IST

New Delhi: The BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it as part of an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs.

As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin said on Monday that the grouping has become a 10-nation body now with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining it as new members.

In August, the top BRICS leaders at the grouping’s summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1.

However, Argentina’s new President Javier Milei last week announced the decision to withdraw his country from becoming a member of the BRICS (Brazil-Russia-India-China-South Africa) bloc.

“Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates joined BRICS as new full members which is a strong indication of the growing authority of the association and its role in international affairs,” Putin said in an address.

The Russian President said BRICS is attracting an ever increasing number of supporters and like-minded countries that share its underlying principles such as sovereign equality, openness, consensus, aspiration to form a multipolar international order and a fair global financial and trading system.

The grouping took shape in September 2006 and it originally comprised Brazil, Russia, India and China (BRIC). It was renamed as BRICS after South Africa was accepted as a full member in September 2010.

With Brazil, Russia, India, China and South Africa as its members, BRICS represents a quarter of the global economy and it has been a major engine of global economic growth over the years.

In his remarks, Putin said Russian 2024 BRICS chairmanship under the motto ‘strengthening multilateralism for equitable global development and security’ will focus on positive and constructive cooperation with all concerned countries.

“We will spare no effort to ensure that, while preserving traditions and being guided by the experience gained by the association in years past, we facilitate the harmonious integration of new participants in all formats of its activities,” he said, according to Kremlin.

“Of course, we will consider the degree to which many other countries, about 30 of them, are prepared to join the BRICS multi-dimensional agenda in one form or another,” he said. To this end, we will start working on the modalities of a new category of BRICS partner countries, he said.

“In general, Russia will continue to promote all aspects of the BRICS partnership in three key areas: politics and security, economy and finance, and cultural and humanitarian contacts,” he said.

“Naturally, we will focus on enhancing foreign policy coordination among the member countries and on jointly seeking effective responses to the challenges and threats to international and regional security and stability,” he said.

Putin said the priorities under the Russian presidency of the grouping will include promoting cooperation in science, high technology, healthcare, environmental protection, culture and sports.

“In total, over 200 events of different levels and types will be held in many Russian cities as part of the chairmanship,” he said.

“We encourage representatives of all countries interested in cooperating with our organisation to take part in them. The BRICS Summit in Kazan in October will be the culmination of our chairmanship,” he added.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Greater Bengaluru Governance Bill tabled in Karnataka Assembly

Budget 2024-25: Customs duty exemption on key cancer drugs to reduce cost

Karnataka HC grants bail to 2 accused in M M Kalburgi murder case

SC rules out cancellation, re-test of controversy-ridden NEET-UG 2024

Major fire on merchant navy ship off Karnataka coast extinguished, says Coast Guard

‘Kursi Bachao Budget,’ Rahul Gandhi slams Modi govt

Govt doubles Mudra loan limit to Rs 20 lakh to promote entrepreneurship

Related Articles More

Budget 2024-25: Customs duty exemption on key cancer drugs to reduce cost

IAS officer’s wife ends life, claims innocence in cases registered in Tamil Nadu in letter

Odisha: Man sentenced to 10 years in jail for raping woman

SC rules out cancellation, re-test of controversy-ridden NEET-UG 2024

Budget allocation to Delhi stagnates at Rs 1,168 crore; Atishi slams Centre


Brahma Kumaris

Tapta Mudra Dharana

Banana Farming

Aghnashini River

Dr. Rajkumar

Latest Additions

Greater Bengaluru Governance Bill tabled in Karnataka Assembly

Air India Express inaugurates its maiden international flight from Bengaluru to Abu Dhabi

IIT Bombay develops method to optimise components in fuel cell electric vehicles

Budget 2024-25: Customs duty exemption on key cancer drugs to reduce cost

Actor Darshan develops a fever in jail

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.