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BRICS summit: Door opener for 30 new countries – Türkiye wants to get involved!
BRICS summit in October: 30 countries, including Türkiye, take part. Focus on de-dollarization and possible expansions.
BRICS summit: Door opener for 30 new countries – Türkiye wants to get involved!
In Russia, preparations for an important diplomatic meeting are in full swing. The upcoming BRICS conference, which will be held in the Kazan region from October 22 to 24, 2024, is attracting interest from around the world. This event will be particularly relevant as at least 30 countries have confirmed their participation. This was recently stated by Russian Deputy Foreign Minister Sergei Ryabkov, as watcher.guru reports.
Interestingly, the group of participants includes countries from Asia, Africa and the Middle East. Turkey has particularly expressed its interest and submitted an official request to join the alliance last month. This dynamic development demonstrates the increasing appeal of BRICS to the international community.
Strategic plans against the influence of the US dollar
A central theme of the upcoming conference will be so-called “de-dollarization”. Emerging markets find themselves increasingly constrained by the strong influence of the US dollar on the global financial market. The increased use of local currencies in trade is intended to strengthen economic autonomy. The BRICS countries are open to this goal and are looking for ways to stabilize and expand their economies.
The origins of BRICS lie in 2006, initiated by Brazilian, Russian, Indian and Chinese thought leaders. South Africa joined the group in 2010. Significant expansion steps have recently been taken by including Iran, Egypt, Ethiopia and the United Arab Emirates. The continued expansion underlines the increasing international interest in the alliance according to information from watcher.guru other countries are determined to join.
An exciting aspect of the conference will be the discussion of the introduction of a BRICS-owned currency, a potentially profound change in the global financial system. Maxim Ryzhenkov, Belarus' foreign minister, expects that up to ten more countries could join the alliance. Belarus in particular hopes to be one of these new member states, These are the assessments in the watcher.guru report.