BRICS summit 2024: Russia's support for Azerbaijans joining
BRICS summit 2024: Russia's support for Azerbaijans joining
In a rapidly changing global economy, Brics, the alliance of the emerging economies, announces significant news. Russia, one of the prominent members, has supported a new country to participate in the BRICS block. This decision comes, as the group is prepared for its 16th summit, which will take place in the Kazan region in Russia from October 22nd to 24th
The Russian deputy foreign minister Sergey Ryabkov has stated that the Brics alliance supports the application for Azerbaijans to become a member. "We are very pleased with Azerbaijan's application," said Ryabkov in a press consultation. This commitment indicates that emerging economies are increasingly recognizing the potential and attractiveness of the Brics alliance.
the Brics expansion
The Brics group, consisting of Brazil, Russia, India, China and South Africa, will come together for the first time as a nine-member extended alliance next year. At your summit in Kazan you will discuss global topics and trade questions. The focus is particularly on the departure from the use of the US dollar in international trade-a signal or symbol for the growing influence of the BRICS countries on the global economy.
The demand for a membership in the BRICS alliance is high: a total of 47 countries have expressed their interest, with 26 countries formal and 21 informally submitted their applications. This shows how attractive participation in this economic and political alliance is.
Azerbaijans opportunities and potential
Azerbaijan describedryabkov as a "strong candidate", who could bring a fresh wind and valuable experience into the group. "We believe that Azerbaijan will certainly bring additional dynamics and unique experiences after joining the BRICS, including the experience of working on several agendas at the same time and constructively," emphasized the diplomat.
The possible accession of Azerbaijans to Brics could further change the complex economic and geopolitical landscape. The group could significantly strengthen the integration of new members in their future development and their global influence. It will be particularly interesting how Azerbaijan could enrich the Brics alliance through its specific economic, political and regional experiences.
While the member countries are preparing for the upcoming summit, a category of “partner states” is also being worked intensively. This category is to be presented at the Kazan summit and could enable additional countries to participate in certain projects and initiatives of the BRICS group without having to become full members.
The upcoming summit promises exciting discussions and possibly pioneering decisions that not only affect the members of the BRICS alliance, but could also have worldwide economic and political effects. All eyes are focused on developments in Kazan because the world is observed how these powerful emerging economies will shape their future.
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