Nine countries will officially join BRICS as partner states in 2025, Russian presidential aide Yuri Ushakov has said, adding that the economic group is open to like-minded partners.
Kremlin spokesman Dmitry Peskov has weighed in on US President-elect Donald Trump’s weekend threat to impose 100% tariffs on BRICS countries if they pursue the creation of a currency to replace the US dollar. The spokesperson stressed that American pressure will only accelerate a growing global trend toward national currencies in trade, diminishing the greenback’s role as a reserve currency.
The BRICS member states will be hit with 100% tariffs on their goods if they try to introduce a reserve currency to rival the dollar, US President-elect Donald Trump has warned. He has repeatedly threatened to use tariffs to achieve his geopolitical goals.
Iran’s President Masoud Pezeshkian has stated that the foundations of unilateralism and the current unipolar world are crumbling. He added that the illegal sanctions have destructive impacts on the international relations.
The share of BRICS states on a purchasing-power basis in global economy will total 36.7% by 2024, which exceeds the share of G7 countries, Russian President Vladimir Putin stated at an extended meeting of the BRICS summit on Wednesday.
Iranian President Massoud Pezeshkian has called on the BRICS group of emerging economies to create interconnected economic and trade cooperation among its member states, involving both public and private sectors, emphasizing that these endeavours would resist the dominance of the US dollar in their exchanges.
Iranian President Massoud Pezeshkian has highlighted the importance of the BRICS summit that is underway in the Russian city of Kazan, saying the intergovernmental organization can strengthen ties between member states and beat back U.S. unilateralism.
A senior Iranian security official has called for the creation of a "BRICS Security Commission" as a dedicated security structure for the grouping of world economies in order to combat terrorism and extremism within its domain.
Turkey has formally asked to join the BRICS group of emerging-market nations as Ankara seeks to enhance its global influence and forge new ties beyond its traditional Western allies, according to people familiar with the matter.
Mohammad Baqer Qalibaf, Iran's Parliament Speaker announced the comprehensive readiness of both Iran's government and parliament to collaborate with BRICS member states.
In a forward-looking proposal, Governor of the Central Bank of Iran Mohammad Reza Farzin suggested the establishment of an institution akin to the Financial Action Task Force (FATF) among BRICS nations.
Iranian President Ebrahim Raisi will take part in the BRICS summit in Kazan, Tehran's Ambassador to Moscow Kazem Jalali told journalists on the sidelines of Russia — Islamic World: KazanForum 2024.
Nearly 30 countries have expressed a desire to become part of the BRICS group, Russian Foreign Minister Sergey Lavrov said at a press conference in Moscow on Thursday.
Pakistan has formally sought membership in BRICS, the grouping of five emerging economies that includes rival India alongside Brazil, Russia, China and South Africa. It comes at a time the body is fast gaining the status as the leading bloc of the Global South.
The rapid rise of the BRICS is transforming the global economy, with the group’s share of world GDP in terms of purchasing power parity (PPP) set to rise well beyond of that of the Group of Seven (G7) major advanced economies, Bloomberg has reported.
The five current members of the BRICS group increased trade by 56% from 2017 to 2022, reaching some $422 billion worth of turnover last year, Bloomberg has reported.
In a meeting in Tehran on Sunday noon, Iran's Minister of Foreign Affairs, Hossein Amirabdollahian, and the Foreign Minister of South Africa convened to discuss not only bilateral relations but also their partnership within the BRICS group as well as the ongoing Israeli war on Gaza.
The Kremlin announced on Tuesday that the Russian and Iranian presidents held a telephone conversation on Tuesday at the initiative of the Iranian side. Vladimir Putin and Ebrahim Raisi have discussed the steps to ensure Tehran's joining full-fledged BRICS activities as well as the situation around Nagorno-Karabakh and the normalization of Armenia-Azerbaijan relations.
The expansion of BRICS is very important especially for energy sector, as after the inclusion of new members the bloc will account for over 80% of global oil reserves and production, Venezuelan Foreign Minister Yvan Gil told Sputnik on the sidelines of the United Nations General Assembly High-Level Week in New York.
