InsighthubNews
  • Home
  • World News
  • Politics
  • Celebrity
  • Environment
  • Business
  • Technology
  • Crypto
  • Sports
  • Gaming
Reading: BRICS announces that 34 countries have formally applied for membership
Share
Font ResizerAa
InsighthubNewsInsighthubNews
Search
  • Home
  • World News
  • Politics
  • Celebrity
  • Environment
  • Business
  • Technology
  • Crypto
  • Sports
  • Gaming
© 2024 All Rights Reserved | Powered by Insighthub News
InsighthubNews > Crypto > BRICS announces that 34 countries have formally applied for membership
Crypto

BRICS announces that 34 countries have formally applied for membership

September 15, 2024 3 Min Read
Share
India China BRICS Xi Jinping China Narendra Modi India
SHARE

of BRICS bloc Thirty-four countries have formally applied to join the alliance and are under review, the statement said. Russian President Vladimir Putin, the founding country of BRICS, revealed the development in a statement. The Russian president said the bloc is seeking organic integration of the bloc’s newest members. Putin added that 34 countries have expressed interest in the alliance and that active discussions about enlargement are taking place within the bloc.

According to Putin, the upcoming BRICS summit will likely be the venue for announcing new invitees to the bloc. The bloc’s annual summit has become an important gathering for the group. Moreover, this year’s summit seems rife with the possibility of breakthroughs. Putin said the new list of invitees will be decided at the summit in October.

Putin supports BRICS expansion at next summit

Enlargement has been a hot topic within the BRICS group since the expansion of BRICS+ earlier this year. In 2023, the group enacted its first expansion since 2001. The United Arab Emirates (UAE), Egypt, Ethiopia and Iran joined the bloc in January 2024. The bloc now has nine member states, with some speculating that more could join this year.

Russia has been leading the expansion of this bloc, with President Putin recently visiting several countries around the world. The Russian president is looking to expand trade relations with these countries he visits, but he and the BRICS chair are also keeping an eye on their willingness to join the alliance. The latest 34 countries that have expressed interest in joining the bloc appear to be spread across the Eastern Hemisphere. This includes ASEAN countries and countries on the African continent.

See also  Fed rate cuts won't be as big as market expects: BlackRock

Continued growth is valuable, but opinions are divided on the merits of that value. Currently, the EU seems divided on whether the 2024 summit expansion announcement is beneficial. Current member states are divided on adding more members, with countries such as Russia welcoming new members. Meanwhile, member states such as Brazil are hesitant about the idea. Brazil has said the new members need time to integrate before extending further invitations.

Ultimately, the group must reach an agreement at a summit this year, after which another five to 10 countries could be invited to join. If all agree, they would all join in 2025, and then expand to more than 10 members.

Share This Article
Twitter Copy Link
Previous Article Chad McQueen Cause of Death: How the Late Actor Died Chad McQueen Cause of Death: How the Late Actor Died
Next Article Get up to 75% off Horizon Zero Dawn and other PlayStation classics Get up to 75% off Horizon Zero Dawn and other PlayStation classics
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

The Solution is Cyber ​​Hygiene

The Solution is Cyber ​​Hygiene

Cybersecurity in healthcare has never been more urgent. As the…

September 19, 2024
mm

Enterprise LLM API: A top choice for powering LLM applications in 2024

Some big recent news stories have escalated the race for…

September 19, 2024
Authentication Bypass

GitLab fixes critical SAML authentication bypass vulnerability in CE and EE editions

GitLab has released a patch to address a critical flaw…

September 19, 2024
Chinese engineer indicted in US for years of cyberespionage targeting NASA and military

Chinese engineer indicted in US for years of cyberespionage targeting NASA and military

A Chinese national has been indicted in the United States…

September 19, 2024
IoT Botnet

New “Raptor Train” IoT Botnet Compromises Over 200,000 Devices Worldwide

Cybersecurity researchers have discovered a never-before-seen botnet made up of…

September 18, 2024

You Might Also Like

Can you Get Bally Sports on YouTube TV?
Crypto

Can I watch Bally Sports on YouTube TV?

6 Min Read
brics asean summit
Crypto

US inflation to fall to 2.5% in August 2024

3 Min Read
How Does OpenAI Make Money?
Crypto

TONcoin Reversal Continues: Is TON Ready for a 50% Rise?

3 Min Read
Cardano
Crypto

Cardano: ADA Outperforms Ethereum and Solana in Latest Poll

3 Min Read
InsighthubNews
InsighthubNews

Welcome to InsighthubNews, your reliable source for the latest updates and in-depth insights from around the globe. We are dedicated to bringing you up-to-the-minute news and analysis on the most pressing issues and developments shaping the world today.

  • Home
  • Celebrity
  • Environment
  • Business
  • Crypto
  • Home
  • World News
  • Politics
  • Celebrity
  • Environment
  • Business
  • Technology
  • Crypto
  • Sports
  • Gaming
  • World News
  • Politics
  • Technology
  • Sports
  • Gaming
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
  • About us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service

© 2024 All Rights Reserved | Powered by Insighthub News

Welcome Back!

Sign in to your account

Lost your password?