Please enter an Access Token

Iran, Saudi Arabia,Others Interested In Joining BRICS Bloc

Saudi Arabia and Iran have expressed interest in seeking membership for BRICS group of nations that includes Brazil, Russia, India, China and South Africa.

According to latest details, BRICS group of nations will convene this year to decide whether to admit new members and what criteria they would have to meet among those who’ve formally asked to join.

Enlarging the group would benefit Beijing, as the world’s second-biggest economy tries to build diplomatic clout to counter the dominance of developed nations in the United Nations, International Monetary Fund, World Bank and other institutions.

Meanwhile, over 13 States including Argentina, Algeria, Iran, Indonesia, Turkey, Saudi Arabia, and Egypt have conveyed their interest in joining the BRICS group.The idea of incorporating new members was raised by China last May.

BRICS countries are poised to lead the eradication of global hunger and poverty by 2030.

They account for 40% of the world’s population, 30% of the global Gross Domestic Product (GDP) and produce more than a third of the world’s cereal production.

According to the German Frankfurter Allgemeine Zeitung, Beijing and Moscow are working to further develop the BRICS club of major emerging economies to serve as a counterweight to the G7.

BRICS’ summit on June 23 last year was designed as a message to the G7 that the West is no longer in the driving seat, and that Russia, China and the Global South are preparing for a long fight against Western dominance.

Russia, China, India, along with many other countries in Asia, the Middle East, Africa and South America are navigating all available spaces to counter the suffocating western dominance.

These countries have made it clear that they will not take part in isolating Russia in the service of NATO’s expansionist agenda.

To the contrary, they have taken many steps to develop alternatives to the west-dominated global economy, and particularly to the US dollar which, for five decades, has served the role of a commodity, not a currency, per se.

The latter has been Washington’s most effective weapon, associated with many US-orchestrated crises, sanctions and, as in the case of Iraq and Venezuela, among others, mass hunger.

Suggested For You

Uganda Elections where not free and fair – E.U

Buule John

Russia Outlines New Foreign Policy Setting New World Order

Buule John

Russian President Putin Insists Will Attend G20 Summit

Buule John

Wizkid Announces Possible Joint Tour With Davido

Buule John

World celebrates against Child Soldiers

Buule John

Samia Suluhu Hassan Installed as New President Of Tanzania

Buule John

Kyagulanyi petitions court over office siege

Buule John

Bobiwine Pulls Masses in West Nile

Buule John

Justin Juuko Arrested in Masaka

Buule John

Uganda consolidates position as the biggest roaming market for Kenya

Buule John

Ex-Ivory Coast president Gbagbo files for divorce

Buule John

Exclusive: How Rwanda Army Saved Burundi Army Unit From Annihilation in CAR

Buule John
error: This content is protected by