BRICS: Laying the Foundations of the Next Empire?

Almost like in the topic title, but still with some changes. BRICS: laying the foundation for a new multipolar world.
South Africa supports BRICS expansion
21.08.2023 - 5:00
South Africa supports the expansion of BRICS | Russian Spring
South Africa supports the expansion of membership in the BRICS, more than 20 countries have officially applied for membership in this organization, South African President Cyril Ramaphosa said on Sunday, speaking to the nation before the start of the BRICS.

"A number of issues will be discussed at the 15th BRICS summit, including the important issue of possible expansion of the BRICS membership. More than 20 countries have officially applied to join the BRICS, and several more countries have expressed interest in becoming part of the BRICS family. South Africa supports the expansion of BRICS membership," Ramaphosa said.

According to him, in order for the BRICS efforts to be more effective, it is necessary to establish partnerships with other countries that share his aspirations and views.

"The expanded BRICS will represent a diverse group of countries with different political systems that share a common desire for a more balanced global order," the South African leader added.
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https://rusvesna.su/news/1692561433

Почти как в заголовке темы, но все же с некоторыми изменениями. БРИКС: закладка фундамента нового многополярного мира
 
Previously, they called 22 candidate countries for BRICS members, as a result, we have 5. It would be interesting to know the full list of selection criteria, because now they are talking only about geographical balance.
The media named new BRICS participants

MOSCOW, Aug 24 - RIA Novosti. The new teachers of BRIC Stan, Argentina, Iran, Saudi Arabia, Egypt and OAX, are reported by the Brazilian information portal UOL with reference to the project this is just a Summitt document.
According to him, the new participating countries were distributed geographically.
First Deputy Secretary General of the African National Congress Paula Mokognane and Russian Foreign Minister Sergey Lavrov during a meeting on the sidelines of the BRICS summit in Johannesburg -
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"BRICS will announce the expansion of the organization to five more countries... The final list of countries included: Saudi Arabia, Argentina, Iran, UAE, Egypt," the message says.

According to the portal, in order to maintain geographical balance, another African country may be included in the list.
Earlier, South African Foreign Minister Naledi Pandor said that the BRICS had agreed on the issue of expansion by adopting a document outlining its principles.
The BRICS Summit is being held in Johannesburg on August 22-24, attended by the leaders of China, India, Brazil and South Africa, Russia is represented by Foreign Minister Sergey Lavrov. Russian President Vladimir Putin participates in the summit via videoconference.
BRICS unites Brazil, Russia, India, China and South Africa, but recently 23 countries have expressed their desire to join the economic bloc, including Argentina, Iran, Algeria, Tunisia, Turkey, Saudi Arabia, Egypt.
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СМИ назвали новых участников БРИКС

Ранее называли 22 страны-кандидата в члены БРИКС, в итоге имеем 5. Интересно было бы узнать полный список критериев отбора, а то сейчас говорят только о географическом балансе.
 
Op-pa, we are being corrected! It turns out that not 5, but 6 countries are joining the BRICS. In addition to the previously named ones, Ethiopia was also lucky.
Six new countries have been officially invited to the BRICS

MOSCOW, Aug 24 — RIA Novosti. The leaders of the BRICS countries have agreed to invite six new countries to join the union, South African President Cyril Ramaphosa said, speaking at a summit in Johannesburg.

"We have decided to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE to become full members of the BRICS," he announced.
The full participation of the new countries will begin on January 1, 2024.
The President of South Africa noted that the admission of new members is the first phase of the expansion of the "Five", other phases will follow.

Ramaphosa showed amazing diplomatic skill in coordinating all positions, including those related to the expansion of the BRICS, Russian President Vladimir Putin said, speaking at the summit via video link.

"I would like to thank our South African friends for what they have done in the course of joint work, I mean the work on the coordination of declarations. I should note that, as it turned out, this work was not easy," the Russian leader added.
The expansion of the "Five" was also welcomed by Indian Prime Minister Narendra Modi. As he pointed out in his speech, his country has always believed that the emergence of new members will strengthen BRICS as an organization and give a new impetus to common efforts.
The South African Foreign Ministry previously reported that 23 states had officially applied to join the BRICS, and several more expressed their interest at an informal level.
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В БРИКС официально пригласили шесть новых стран

Оп-па, нас поправляют! Оказывается не 5, а 6 стран присоединяются к БРИКС. В добавок к ранее названным, еще повезло и Эфиопии.
 
It is interesting that Argentina also becomes a BRICS member as the president of Argentina just 3-4 days ago, said that Argentina would not join BRICS and thus didn't want to travel to South Africa. Perhaps this was just part of the bargaining or perhaps Brasil helped to change things in favour of joining BRICS. As a member of BRICS, Argentina can now apply for loans from the New Development Bank (NDB) of BRICS. It could become a most useful way of getting out of IMF loans ($45 billion currently).
 
BLUE G7 wealth versus RED BRICS wealth

On the below image to the left, inside the tall blue column, you can count seven flags: that is the mighty wealth of G7 in 1995. Just look at the puny-tiny, ridiculous wealth of poor BRICS!! Its shown with the red column at the left. Haha..

Then as time passed and Russia and China began executing Real Geopolitical and Financial Tactical Operations, look at how the proud tall blue column, the wealth of the mighty G7 "progressed" during the years!

We arrive to 2023. Can you compare the wealth of the mighty blue G7 versus the red BRICS?

In which direction do you estimate these changes are going?

GDP.jpg
 
Aeneas said:
It is interesting that Argentina also becomes a BRICS member as the president of Argentina just 3-4 days ago, said that Argentina would not join BRICS and thus didn't want to travel to South Africa. Perhaps this was just part of the bargaining or perhaps Brasil helped to change things in favour of joining BRICS. As a member of BRICS, Argentina can now apply for loans from the New Development Bank (NDB) of BRICS. It could become a most useful way of getting out of IMF loans ($45 billion currently).
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Yeah, specially interesting with the way elections are currently shaping up in Argentina, the most popular candidate, Milei doesn't strike me as one who would oppose the West at all, and he is recruiting former president Macri, which is the one that brought back the IMF, if I am not mistaken.

So, Argentina makes it to the BRICS, but their more likely new president will probably sink those efforts swiftly. Which is sad because Argentina could really use a breadth of fresh air economically, but this guy Milei seems to not have any interest in doing anything that would upset Washington and London.

I found it really interesting that Saudi Arabia made it, along with Iran, a new pole has been created I would say, the Middle East pole, energy suppliers to giants such as China and India. The petrodollar will loose more importance, and Europe.. poor Europe man.
 
Alejo said:
I found it really interesting that Saudi Arabia made it, along with Iran, a new pole has been created I would say, the Middle East pole, energy suppliers to giants such as China and India. The petrodollar will loose more importance, and Europe.. poor Europe man.
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I find more interesting also that Venezuela didn't make it, it has the biggest oil reserve in the world. However, the BRICS stated that the inclusion of countries will come in phases. So, I guess, lest wait for the next round.
 
irjO said:
I find more interesting also that Venezuela didn't make it, it has the biggest oil reserve in the world. However, the BRICS stated that the inclusion of countries will come in phases. So, I guess, lest wait for the next round.
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Venezuela has been indicating interest in joining BRICS since 2015 IIRC. There was some interference from the US including sanctions - could just be that at that time the risks of ticking off US/NATO were too high. The playing field seems to shifting though, so it may not be too much longer before Venezuela joins.
 
'The BRICS group of nations is not ready to create a common currency.'

www.rt.com

South Africa reveals BRICS de-dollarization plans

The BRICS group is mulling trade in local currencies rather than creating a common currency, South Africa says
www.rt.com www.rt.com
25 Aug, 2023

'But the door for BRICS membership is not completely closed.'

www.rt.com

Western countries not welcome at BRICS – Moscow

No Western country can hope to join the bloc unless it stops supporting sanctions against one of the group’s members, the deputy FM says
www.rt.com www.rt.com
25 Aug, 2023
 
Caught this tonight during my news round, another big chunk of dollars not being purchased. Brazil and Argentina have a very large economic relationship, and perhaps that's one of the reasons for not including Venezuela just yet.. not sure who Venezuela's larger partner is, but it might not be as significant as Argentina and Brazil.

Brazil proposes to Argentina using yuan in bilateral trade transactions during the BRICS Summit

Brazil's Finance Minister, Fernando Haddad, commented that this operation would guarantee that Brazilian exporters would receive payment for the sales of their goods, in addition to increasing confidence in Argentine companies.
The Minister of Economy of Argentina and presidential candidate of Unión por la Patria, Sergio Massa, will travel this Sunday to Brazil to meet on Monday with President Luiz Inácio Lula da Silva and his counterpart Fernando Haddad, with the aim of advancing in an agreement that will allow Argentina to pay imports in yuan, local media report.

On the sidelines of the XV BRICS Summit, held this week in Johannesburg, South Africa, the Brazilian government proposed to Argentina a plan to use the yuan to pay for exports of Brazilian products in view of the shortage of dollars derived from the serious economic crisis that its neighboring country is going through.

"We sent the Argentine government a proposal for a guarantee in yuan for Brazilian exports. For Brazilian exporters it is a good thing, it will be good news if Argentina accepts", declared Fernando Haddad in a press conference.

He also commented that this operation would guarantee that Brazilian exporters would receive payments for the sales of their goods, in addition to increasing confidence towards Argentine companies. "Brazilian exporters can have some flow of sales in their products with a 100% guarantee", said the minister.

According to the senior official, products imported by Argentina would be paid in yuan and subsequently a branch of the Bank of Brazil in London (UK) would convert the Chinese currency into reais.

The mechanism has the approval of the National Treasury Secretariat and the Bank of Brazil, Haddad assured. "For Brazil, there is no problem, because the exchange rate will be made with the yuan per real, and this also assures the National Treasury that there is no risk of default. A guarantee that the Treasury considered adequate and that the Bank of Brazil accepted as presented," he said.

Currently, trade between Argentina and Brazil is carried out in US dollars. Last January, the Brazilian president, Luiz Inácio Lula da Silva, discussed with his Argentinean counterpart, Alberto Fernández, the need to create a common currency in the South American region, in order to stop depending on the dollar.
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