Business news from Ukraine

Business news from Ukraine

Turkey has officially applied for BRICS membership

2 September , 2024  

Turkey has officially applied to join BRICS, Bloomberg reports citing its sources.
The publication writes that such a decision is due to the fact that the country wants to strengthen its global influence, as well as to establish new ties outside the traditional Western allies.

BRICS is an abbreviation for Brazil, Russia, India, China, South Africa. This association is also called an analog of the G7 or G20 – a club for the interests of countries that are not satisfied with the “dominance” of the West. Earlier this year, Brazil, Russia, India, China and South Africa were joined by four new members – Iran, United Arab Emirates, Ethiopia and Egypt. Saudi Arabia was invited to join, but has not yet done so.
Malaysia, Thailand and Azerbaijan have applied to join BRICS. The next BRICS summit to discuss its expansion will be held in Russia in late October 2024.

 

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