Russia reveals important conditions for joining BRICS

Ngọc Vân |

The BRICS summit in Russia later this month is expected to discuss the admission of new members.

RT reported that on October 3, Russian Deputy Minister of Foreign Affairs Sergey Ryabkov said that BRICS candidates cannot participate in sanctions against any member country of this economic bloc, and also stated one of the conditions for joining BRICS.

BRICS began as an informal association of Brazil, Russia, India and China, later adding South Africa and expanding to a nine-member bloc from early 2024. BRICS is expected to discuss further expansion at the BRICS summit in Kazan, Russia later this month.

"Candidate countries should pursue a sovereign policy, play an important role in international and regional affairs, build good-neighborly and friendly relations with BRICS countries and not participate in illegal sanctions against members of the group," Deputy Minister Ryabkov said at a press conference in Moscow on October 3 when asked about the conditions for countries wishing to become members.

Russia considers sanctions imposed by the United States and its allies over the Ukrainian conflict illegal and unjustified.

Russia will host the annual BRICS summit in Kazan later this month, as the group’s rotating chair. Countries interested in joining BRICS include Algeria, Bangladesh, Bahrain, Belarus, Bolivia, Cuba, Honduras, Indonesia, Kazakhstan, Kuwait, Morocco, Nigeria, Palestine, Senegal, Thailand and Venezuela.

The door to BRICS remains open, Deputy Minister Ryabkov said, and Russia's goal this year is to "ensure the organic and comprehensive integration" of newly accepted members into the "multifaceted architecture of the BRICS partnership", while maintaining the dynamism and effectiveness of the bloc's mechanisms and formats.

Mr. Ryabkov added that enlargement must always be aimed at strengthening BRICS' international capacity and authority, and all decisions within the bloc are made based on consensus.

Founded in 2006, BRICS admitted South Africa in 2011. In early 2024, BRICS also welcomed Egypt, Ethiopia, Iran and the United Arab Emirates, although the decision was made to retain the original five-letter English acronyms of the founding countries.

Current BRICS member states account for about 46% of the world’s population and more than 36% of global GDP, according to estimates by global financial institutions. Russian President Vladimir Putin said last month that at least 34 countries have expressed interest in joining BRICS.

Ngọc Vân
RELATED NEWS

Reprimanded for parking a car blocking the road, a man in Ha Tinh drove an additional car to block the back

|

Ha Tinh - A man parked his car to obstruct traffic when asked to avoid the road and drove another car to block behind, causing public outrage.

Fire at a car repair shop in Hanoi on the 2nd night of Tet

|

Hanoi - A motorbike repair shop on Nguyen Canh Di street suddenly caught fire fiercely on the night of the 2nd day of Tet, fortunately there were no casualties.

Reasons for the sharp increase in gold and silver prices last night

|

Gold and silver prices increased again, in which silver continued to increase more strongly than gold.

Fire dance ritual of the Dao and San Diu people in Quang Ninh creates cultural attraction

|

Quang Ninh - The fire dance ceremony is a unique culture and belief of the Dao and San Diu people, expressing the aspiration for peace and the spirit of community cohesion.

People exhume ashes for good luck at Ba Thien Hau Temple, Ho Chi Minh City

|

Ho Chi Minh City - On the evening of the 2nd day of Tet, people flocked to Ba Thien Hau Temple to worship, many people crowded into the main hall, picking up ashes from the incense burner to bring back with the desire to pray for good luck.

Tran Thi Duyen on the journey to find herself again

|

Having struggled with injuries and at times thinking about leaving the field, Tran Thi Duyen has returned strongly, gradually affirming her position in the Vietnamese women's national team.

Putin announces BRICS' own payment framework

Ngọc Vân |

BRICS' own payments framework helps member countries trade efficiently and independently.

BRICS likely to become the largest bloc on the planet

Khánh Minh |

23 countries formally applied to join BRICS ahead of 2024 BRICS summit.

BRICS announces important news about the new payment system

Ngọc Vân |

BRICS is working to establish a new payment system without integrating the US dollar into the mechanism.