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The 15th BRICS Summit has decided to bring in Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as new members.

The full membership of new countries in BRICS will begin on January 1 2024, South African President Cyril Ramaphosa said on Thursday.

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[-] demonquark@lemmy.ml 0 points 1 year ago

Yeah… BRICS is going nowhere. They’re geographically dispersed, economically not integrated (nor are they moving towards that), and ideologically all over the place.

This entire endeavour is just a really expensive way of saying that there are countries in the global south don’t like the current western led world order.

[-] FreakingSpy@hexbear.net 1 points 1 year ago

Brazil and China signed an accord 4 months ago to start using reais and yuan for trade instead of the US dollar. Two days ago Lula said his government is studying the possibility of using yuan to trade with Argentina.

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this post was submitted on 24 Aug 2023
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