Brics Bloc News Today

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

This expansion comes amidst a backdrop of Western dominance in global affairs. Russian President Vladimir Putin, as the presiding head of BRICS, confirmed the development. 

Argentina’s decision not enter the BRICS bloc is an “ideological” one, the Minister of Foreign Affairs Diana Mondino has acknowledged.

During an interview on the sidelines of the G20 meeting in Delhi, Brazilian President Luiz Inacio Lula da Silva said Russian President Putin would not be arrested if he attends the G20 meeting in Brazil next year.

Brazilian President assures no arrest for Putin at G20 in Rio de Janeiro next year amid ICC arrest warrant controversy

The United States has also been highlighting Russias withdrawal from a UN-backed deal to allow grain exports from Ukraine to emerging markets.

Six more nations have been asked to join as new members, as BRICS bloc of top emerging economies take significant step towards expanding

While the US dollar may continue to hold sway among the Brics nations, economists say improving bilateral relations among Brics members – and their new additions – will boost their currencies, especially the yuan.

Iran was among six countries in the Middle East, South America, and Africa invited to join the BRICS bloc of developing countries on Thursday, during a summit in Johannesburg.