BRICS Bloc Revolutionizing Global Relations: A New Era of South-South Cooperation

Source: Devdiscourse | Original Published At: 2026-03-26 10:57:21 UTC

Key Points

• Maxim Oreshkin, Russia's top economic aide, stated BRICS is reshaping global relations and fostering South-South cooperation.
• The bloc is developing new financial payment systems and technological solutions integral to the global economy.
• Business diplomacy is playing a more critical role in strategic interactions between member nations compared to past decades.
• The 18th BRICS+ Summit will be hosted by India in New Delhi featuring expanded membership.
• Members plan to establish functional country working groups to enhance collaborative efforts on the international stage.
• Egypt and Saudi Arabia are noted among the nations included in the context of expanded BRICS membership.