BRICS sensation: Cuba wants to break the dollar chain and join!

BRICS sensation: Cuba wants to break the dollar chain and join!

In an exciting move on the world stage, Cuba has officially submitted a bid for BRICS membership. For the first time, a developing country in North America has expressed interest in becoming part of this influential alliance, focusing attention on the United States as neighboring nations find de-dollarization policies lucrative.

Currently, around 48 countries have expressed interest in joining the alliance ahead of the BRICS summit in October 2024. Of these, 27 countries have formally applied, while 21 others have expressed interest informally. Particular focus is on the question of which major economic sectors could be affected if BRICS drops the dollar for trade.

Cuba seeks partnership with BRICS

According to Russian Ambassador to Cuba Viktor Coronelli, Cuba has officially submitted an application for BRICS membership. This news comes ahead of the planned summit in October 2024. Coronelli confirmed that Cuba has shown interest in becoming a member of the BRICS group and has already submitted an official request to the Russian side, as Russia holds the chairmanship of BRICS this year.

The decision on Cuba's admission to the alliance now rests with the existing BRICS member states, as the admission of new members takes place on a consensus basis. Cuban President Miguel Díaz-Canel was invited to take part in the upcoming summit. “The Cuban president has an invitation and we expect him to travel to Kazan from October 22 to 24,” Coronelli explained. “In our eyes, they show interest in almost all areas of BRICS activities, and we have to wait for the decision on granting partner status to see where they will participate more or less actively,” the ambassador added.

A deeper analysis of this process provides the article from watcher.guru, which outlines how these developments could impact the geopolitical landscape.