BRICS is a trade union between Brazil, Russia, India, China and South Africa. Since the hostile attitude expressed by sanctions against Russia by the western countries due to the war in Ukraine, international trade has become more difficult and less fruitful in American dollars. So alternative trade and economic unions of countries have become wildly popular. Popular and successful, I might say.
The last country that joined BRIC was South Africa in 2010, so the new name became BRICS. Ever since the union hasn’t accepted new members, but last November 19 new countries did ask for membership. This is what BRICS would look like if all these nations were admitted:
South Africa reported that applications for joining the BRICS are received almost weekly.
According to Anil Suklal, Ambassador-at-Large for Asia and BRICS at the South African Foreign Ministry, we are talking about 30 countries.
At the moment, BRICS consists of Brazil, Russia,… pic.twitter.com/FYKoz8fDml
— Spriter Team (@SpriterTeam) May 22, 2023
Silk Road Briefing writes this on its website:
If accepted, the new proposed BRICS members would create an entity with a GDP 30% larger than the United States, over 50% of the global population and in control of 60% of global gas reserves.
Here and there a tweet by Russian Foreign Minister Sergej Lavrov comes by, saying that it is a huge work to screen all those new applicants. It was also not the intention of BRICS to expand with more members, so the current members are heavily discussing on that. Quite some of the new applicants have really low economies and so BRICS must be able to help them forward. Otherwise a membership wouldn’t serve neither those countries nor the existing members. These are the new countries and I count even 21:
- Algeria
- Argentina
- Afghanistan
- Bangladesh
- Bahrain
- Belarus
- Egypt
- Indonesia
- Iran
- Kazakhstan
- Mexico
- Nigeria
- Nicaragua
- Pakistan
- Saudi Arabia
- Senegal
- Syria
- Sudan
- Thailand
- Tunesia
- Turkey
- UAE
- Uruguay
- Venezuela
- Zimbabwe
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The BRICS bank
BRICS present themselves as an alternative to the G7 and state they are representatives of the Global South. If they include all the countries that have applied for membership, they will make out more than half of the world’s economy and they will be able to shake the dollar, as Foreign Policy states. Frontline further tells that the BRICS nations launched a bank in 2014: the New Development Bank, which is an alternative to the World Bank and the IMF (International Monetary Fund) together. It started with a capital of €46 billion and the BRICS members try to make the bank grow by deposing more money whenever they can. Not only members but also a lot of other countries have come to borrow money from this New Development Bank, after having nasty experiences with the World Bank and/or the IMF and their policies.
The main reason why all the above mentioned nations want to join BRICS, is that bank and its fair loans. That way they can inject money into their economies to boost them, so that they can grow into well-functioning and stable economies just like the so admired western countries. It is just the policies of these western institutions that don’t work to help other countries grow. They make those countries borrow far too much and next is that they can’t pay back on time. Not only that: they also force their client-nations to reform their country to American model and that means they would be American vassals forever. Most countries in the world want to be free in forming their own governments to their own taste and needs. They are more nationalists – opposed to globalists – that have no interest in co-ruling the world with the US. They just want to live happily in their own place with their own people, language and culture.
In 2021 Egypt, Uruguay and Bangladesh bought shares in the bank, but it was not much. The BRICS bank is ready for new members and investors, so probably within a few months the first new members will have joined the club.
