The BRICS group, which includes Russia, Brazil, China, India and South Africa, has expanded to include new countries from January 1, 2024. These are Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia, which have joined the organization as full members. It is possible to expand the group in the future For additional countries.
Putin: Multipolar world order
In connection with the beginning of the Russian chairmanship of BRICS, Vladimir Putin said that the co-creating countries of the organization are guided by the following principles: sovereign equality, respect for choosing their own development path, consideration of mutual interests, openness. , consensus, the desire to establish a multipolar world order and a fair model of the global financial system and trade, and the search for collective solutions to the most pressing problems of our time.
Russia's BRICS chairmanship in 2024 will operate under the slogan “Strengthening multilateralism for equal global development and security.”
“We will take all possible steps to preserve traditions and, guided by the experience accumulated by the association in previous years, promote the harmonious integration of new participants in all formats of its activities,” Putin said.
Russia is the chairman of BRICS
The President of the Russian Federation touched upon the issue of the group's potential expansion. “We, of course, take into account the readiness of many other countries, and there are about thirty of them, to join BRICS in one form or another, in its multilateral program. For this purpose, we will work actively. Development of rules for a new category of BRICS partner countries”.
“In general, Russia will continue its efforts to promote the full range of partnership cooperation within the framework of BRICS in three main areas: politics and security, economy and finance, cultural and humanitarian contacts,” he noted.
Putin said that Moscow will try, among other things: to increase the coordination of the participating countries and the common foreign policy, as well as cooperation in the field of economy and innovation. He also spoke about the desire to “increase the role of BRICS in the international monetary and financial system, develop interbank cooperation and expand the use of national currencies in bilateral trade.”
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