BRICS was formed in 2009 by Russia, China, India, Brazil and South Africa as a bloc that unites world’s largest growing economies. On January 2023 Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia became new official members of the organization.
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.
In a world shaped by geopolitical tensions and alliances, an abiding seismic shift takes the form of national interest and the East-West divide. The BRICS alliance emerges to take center stage; with the intriguing addition of six new member nations, the bloc is poised to redefine global dynamics.
Egypt, Ethiopia, Iran, Argentina, the United Arab Emirates and Saudi Arabia, and will join Brazil, Russia, China, India and South Africa as full members of the BRICS bloc from January 1, 2024.