Expansion Alert: 30 Countries Eyeing Membership in BRICS Crypto Network

• BRICS Economic Alliance Eyes Expansion with the Interest of 30 Nations
• Reaffirmation of Previous BRICS Agreement by India
• The BRICS Alliance: A Notable Economic Story for 2023
• Lavrov's Statement on Interested Nations
• Expressions of Interest from Nigeria and Pakistan

BRICS Economic Alliance Eyes Expansion with the Interest of 30 Nations

The BRICS economic alliance, consisting of Brazil, Russia, India, China, and South Africa, is reportedly drawing the interest of 30 nations for potential inclusion in its upcoming expansion. The Russian Foreign Minister, Sergey Lavrov, has confirmed this interest from a significant number of countries.

Reaffirmation of Previous BRICS Agreement by India

The recent confirmation of a previous agreement by India has bolstered the alliances' expansion plans. This agreement commits the bloc to a six-nation expansion plan, reminiscent of its most recent summit where Saudi Arabia, the United Arab Emirates (UAE), Iran, Egypt, and Ethiopia were introduced.

The BRICS Alliance: A Notable Economic Story for 2023

As we approach the end of 2023, the BRICS bloc stands out as a key economic narrative. The coalition's growing influence and its efforts towards de-dollarization and multipolarity indicate a promising future. 30 countries are reportedly keen on joining the BRICS alliance in its next expansion, striving to be among the six nations to be inducted at the 2024 annual summit. This follows the alliance's successful expansion last year when it welcomed five new members.

Lavrov's Statement on Interested Nations

Discussing the interested nations, Lavrov outlined the bloc's strategies leading up to its next summit. Along with the countries that have already joined, Lavrov mentioned in a recent interview that about 30 countries would like to establish partner ties with BRICS.

Expressions of Interest from Nigeria and Pakistan

Countries such as Nigeria and Pakistan have already expressed their wish to join the economic alliance. Consequently, growth seems to be a fundamental component of the alliance's 2024 plan. There are also anticipations about the announcement of a BRICS currency at some point during the next year.

Edited by Jonathan Stoker