Publish date25 Jun 2022 - 22:29
Story Code : 554848

Iran among some others are potential BRICS participants, Russian Newspaper

Iran, Uruguay, Egypt, Guinea, Thailand, and a number of post-Soviet states, are often named among other potential BRICS participants, Russian Newspaper Nezavisimaya Gazeta wrote.
Iran among some others are potential BRICS participants, Russian Newspaper

According to the newspaper, the ramped-up global turbulence has encouraged BRICS members to intensify intra-group cooperation and widen the association’s ties. According to Chinese Foreign Minister Wang Yi, expanding BRICS would help increase the association's influence and contribute to maintaining peace. A few days later, Russian Foreign Minister Sergey Lavrov said that Saudi Arabia and Argentina were interested in joining BRICS.

Leading Researcher at the Center for Political Studies at the Institute of Latin America of the Russian Academy of Sciences Nailya Yakovleva told the newspaper the main reasons for Argentina's desire to move closer to BRICS membership are heightened international prestige and, most importantly, expanded opportunities for attracting foreign investment in infrastructure projects and loans from the new BRICS development bank.
"Argentina's key rationale for entering BRICS is that it has already established tight cooperative relations with each of the association's member states, establishing the groundwork for future participation. At the same time, the Argentine economy can organically fit into the 'five' countries' economic structure, add new elements, and make a tangible contribution - primarily through its powerful agro-industrial complex and significant mineral resources - to strengthening BRICS' position in the global economic relations system," she said.
The expert added that Argentina’s joining could open the BRICS door to other large developing states, such as Mexico and Indonesia.
Uruguay, Iran, Egypt, Guinea, Thailand, and a number of post-Soviet states are often named among other potential BRICS participants, the newspaper writes.
 
 
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