Lavrov Reports Growing Interest from Countries in the Organization
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Russian Foreign Minister Sergey Lavrov said that many countries are expressing interest in joining BRICS. According to him, this interest persists despite pressure from Western states. Lavrov did not specify the exact number of potential new members of the organization.
Lavrov stated growing interest from countries in joining BRICS despite Western pressure. In 2024, the organization expanded to include Egypt, Ethiopia, Iran and the UAE, with dozens of other states considering accession.
BRICS expansion affects the global redistribution of spheres of influence: if developing countries opt for alternative institutions, this changes the rules of trade, investment and currency settlements, which could impact import prices and market access. For business and investors, BRICS strengthening means reorientation of economic flows and new partnerships circumventing Western sanctions and restrictions.
Mehmet Yılmaz