BRICS quietly grew from 5 countries to 11 – here’s exactly who joined, when, and the one holdout
BRICS expanded from five to eleven members, with Saudi Arabia remaining the main unresolved invitation ahead of the New Delhi summit.
BRICS expanded from five to eleven members, with Saudi Arabia remaining the main unresolved invitation ahead of the New Delhi summit.
Speaking at the BRICS Business Forum in New Delhi, Russian President Vladimir Putin said the global order has moved beyond the G-7 and highlighted BRICS countries’ growing economic and demographic weight.
India is trying to manage its role in the Delhi BRICS summit without antagonizing the United States, while experts warn that BRICS announcements on trade, payments, energy, or local currency could trigger renewed tariff threats.
BRICS finance ministers and central bank governors expressed serious concern over unilateral tariffs and trade restrictions, saying such measures threaten global trade and economic stability.
The Russian president said BRICS members are building equitable cooperation and proposed an investment platform to attract private capital into strategic sectors.
At the BRICS Business Council plenary session, Russian President Vladimir Putin said Russia faced 30,000 sanctions and highlighted BRICS’ contribution to global economic growth.
Speaking at the plenary session of the BRICS Business Forum, Russian President Vladimir Putin said BRICS economies accounted for more than 40% of global GDP over the past five years, compared with 29% for the G7.
Key quotes from Vladimir Putin’s speech at the plenary session of the BRICS Business Forum held in India.
A dedicated BRICS Agriculture Portal is planned to boost agricultural trade, technology, innovation, and collaboration among BRICS countries.