BRICS

An Iranian foreign policy expert has praised Iran’s membership in the BRICS grouping, but has warned so long as Tehran is on the FATF list, it cannot use the membership benefits.

Iran’s ambassador to Moscow says the plot to isolate Iran in the international arena failed as a result of the country’s membership in BRICS.

Iranian President Ebrahim Raisi has stated that the benefits of Tehran’s membership in the BRICS bloc of emerging economies would be historic.

The BRICS group is not trying to compete with or oppose any other nation or group, but nevertheless faces resistance from countries of the so-called “golden billion” that wish to preserve their global dominance, Russian President Vladimir Putin has stated.

Leaders of the BRICS group of developing nations have invited six states - Argentina, Egypt, Iran, Ethiopia, Saudi Arabia and the United Arab Emirates - to become new members of the bloc, South African President Cyril Ramaphosa whose country is hosting a summit meeting of the BRICS grouping has confirmed.

A former Iranian diplomat says the group of industrial countries of the world known as the Group of Seven (G7) will seek to undercut BRICS, a bloc comprising the world’s emerging economies.

Argentina, Egypt, Iran, the United Arab Emirates and Saudi Arabia will become new members of BRICS, a correspondent with Brazil’s UOL news portal reported on Thursday citing a draft final statement of the group’s summit. Brazil is a BRICS member state.

Chinese President Xi Jinping has condemned the “Cold War mentality” still “haunting our world”, while laying out his geopolitical vision to the BRICS summit in South Africa. He stressed in an uncertain and unpredictable world, BRICS offers a path to “true multilateralism".

The Iranian president has arrived in the South African capital, Pretoria, to attend the 15th summit of BRICS, a grouping of the world economies of Brazil, Russia, India, China and South Africa.

Iranian President, Seyyed Ebrahim Raisi, is scheduled to fly to Johannesburg, South Africa, on Wednesday to attend the 15th BRICS summit.

Establishing sustainable payments mechanisms for mutual trade is among the key issues for the BRICS group of nations to discuss at their summit next month, the Russian foreign ministry has announced.