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Russia Backs Pakistan’s Bid for BRICS Membership Amid Growing Global Interest.

nacionstory.com — Thu, 19 Sep 2024 11:20:37 +0000

Russia has expressed its support for Pakistan’s bid to join the BRICS group, as announced on Wednesday. According to PTI language reports, Russia emphasized its commitment to strengthening ties with Pakistan by enhancing bilateral trade and cultural cooperation. Russian Deputy Prime Minister Alexey Overchuk shared these remarks during a media briefing following a meeting with Pakistan’s Finance Minister, Ishaq Dar. Overchuk acknowledged Pakistan’s interest in becoming a member of BRICS and stated that Russia is pleased with the decision and will support its application. According to the Russian state news agency TASS, Overchuk remarked, “We are happy that Pakistan has applied for BRICS membership, and we will support its candidature.” He also noted that the BRICS alliance has undergone significant changes and expansion in the past year. Overchuk highlighted that numerous countries globally are showing interest in joining BRICS, reflecting the group’s growing influence on the international stage.

BRICS, an acronym for Brazil, Russia, India, China, and South Africa, was founded in 2006 with the goal of promoting cooperation among major emerging economies. South Africa became a member in 2011, expanding the original BRIC group. Over the years, BRICS has gained prominence as a platform for discussing global economic and political issues, offering an alternative to Western-led institutions like the International Monetary Fund (IMF) and the World Bank. At the 15th BRICS Summit, held on August 24, 2023, six new countries were invited to join the organization. These countries include Saudi Arabia, Egypt, the United Arab Emirates (UAE), Argentina, Iran, and Ethiopia. Their membership will officially take effect from January 1, 2024, marking a significant expansion of BRICS and increasing its geopolitical and economic influence.

Russia’s support for Pakistan’s inclusion in BRICS comes at a time when several other countries have also expressed interest in joining the bloc. Overchuk’s remarks underscore Russia’s active role in fostering closer ties with Pakistan and supporting the aspirations of countries looking to join BRICS. In addition to Pakistan, Azerbaijan has also applied for BRICS membership. Azerbaijan’s Foreign Ministry spokesperson expressed the country’s interest during the 24th Shanghai Cooperation Organization (SCO) Summit held in Astana, Kazakhstan, in July 2023. Like BRICS, the SCO is another prominent international organization that includes Russia and China, and it plays a significant role in promoting political, economic, and security cooperation in the region. The SCO and BRICS share many members and common goals, which is why they are often seen as complementary organizations.

The expansion of BRICS reflects the growing importance of emerging economies in shaping global affairs. Countries from various regions, including the Middle East, Africa, and South America, are seeking membership in BRICS as they view it as a platform for promoting their interests on the global stage and counterbalancing the influence of Western-dominated institutions. With Russia’s backing, Pakistan’s chances of joining BRICS have gained momentum. Both countries see this as an opportunity to enhance their bilateral relations and collaborate more effectively within a multilateral framework that aligns with their shared interests. As the BRICS group expands, it is set to become an even more influential force in the global political and economic landscape.

Expanding to 11 members, the BRICS Group is sending a message to international organisations

nacionstory.com — Fri, 25 Aug 2023 07:56:59 +0000

The leaders of the BRICS countries Brazil, Russia, India, China, and South Africa have taken a significant step by deciding to add six new members to their alliance. Beginning on January 1, 2024, Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia, and Argentina will join the BRICS alliance. According to Indian Prime Minister Narendra Modi, this expansion shows how important it is for international organizations to change with the times.

The declaration was made at a joint press conference that South African President Cyril Ramaphosa hosted in Johannesburg. He agreed on this first stage of expansion along with world leaders like Prime Minister Modi, Chinese President Xi Jinping, and Brazilian President Luiz Inacio Lula da Silva. They emphasized the value of international cooperation and gave the BRICS partnership model more development authority from the foreign ministers.

After deciding on clear guidelines, standards, and procedures for the expansion, it was decided to accept new members. A total of 23 nations have formally applied to join the BRICS alliance, demonstrating its popularity and power.

In a tweet supporting the expansion, Prime Minister Modi emphasized that it will make BRICS more powerful and effective. He thinks it sends a message to all institutions around the world to adapt to changing conditions. India has always supported BRICS expansion because it strengthens the group and promotes a multipolar world order, Modi continued.

Brazil, Russia, India, China, and South Africa were the founding members of BRICS in 2006; South Africa joined the group in 2010. The group currently accounts for a sizeable portion of the global population, GDP, and trade.

According to Chinese President Xi, this expansion marks a new beginning for BRICS cooperation and gives its operating principles a boost. Vladimir Putin, the president of Russia, also praised the development.

According to Ramaphosa, the BRICS are starting a new chapter to create a just, prosperous, inclusive, and fair society. The group is eager to increase global financial architecture’s stability, dependability, and fairness. They are investigating the use of regional money, payment methods, and platforms.

The leaders also reaffirmed their dedication to dialogue-based, peaceful conflict resolution. They seek to use the BRICS economic alliance for the benefit of their local communities and to address issues that the global south faces in common. In the history of the BRICS and international cooperation, this expansion represents a significant turning point.

Will PM Modi be attending the BRICS conference, and what significance does it hold for India? Additionally, what topics will be discussed on this agenda?

nacionstory.com — Mon, 21 Aug 2023 07:43:50 +0000

BRICS Summit 2023 Prime Minister Narendra Modi will also participate in this summit, going to be held in Johannesburg, South Africa. The PM will leave tomorrow, i.e., Tuesday, to attend the conference, and it will begin with a meeting of the business forum of the group on the same day. The conference will run from 22 to 24 August. At this conference, India will focus on economic and security interests only.

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This time the 15th BRICS summit will be held under South Africa’s chairmanship. Prime Minister Modi has a scheduled appearance. Attend the summit in Johannesburg. Prime Minister Modi is expected to depart on Tuesday. The upcoming meeting in Johannesburg will have the participation of Prime Minister Narendra Modi. He is scheduled to leave for the event on Tuesday. Attend the conference, and it will begin with a meeting of the business forum of the group on the same day. The conference will run from 22 to 24 August.
PM’s focus on economic cooperation and security

At this conference, India will focus on many issues in which economic and security interests will be paramount. Apart from participating in discussions on economic cooperation, food security, and BRICS expansion, PM Modi also stressed the need for member countries to respect each other’s security interests and speak in one voice against terrorism at the summit expected to give. PM Modi will participate for the first time after 2019
South African President Cyril Ramaphosa, China’s Xi Jinping, Brazil’s Luiz Lula da Silva, and leaders of more than 50 countries are expected to attend. This will be PM Modi’s first in-person BRICS summit after 2019. Russian President Vladimir Putin will also join the conference through video conferencing.
PM can speak on digital transformation in India.

Modi will address the business forum on Tuesday, where he is expected to underline the importance of BRICS at a time when the world is still grappling with the consequences of the coronavirus pandemic and the Ukraine war. The PM may also list some of the achievements of his government, including digital transformation, in his address.

Can meet Chinese President Xi Jinping

Narendra Modi will meet with Chinese President Xi Jinping for the first time as the leaders meet on the summit’s first day. However, officially the meeting of the two leaders has yet to come to the fore. Either side has not ruled out the meeting, as the two leaders will be together in Johannesburg for about 48 hours. Will also insist on ending the Russia-Ukraine war

PM Modi may also insist on ending the Russia-Ukraine war immediately and resolving it through dialogue and diplomacy. At the same time, the PM can also consider raising the issue of terrorism in the presence of Xi Jinping.
There will also be an emphasis on increasing membership.

BRICS has five members: Brazil, Russia, India, China, and South Africa. Twenty-two countries want to join, but India and Brazil are cautious due to concerns about China’s dominance and upsetting Western nations.

Harshit Sankhla