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BRICS grows, adding 13 new ‘partner countries’ at historic summit in Russia



BRICS grows, adding 13 new ‘partner countries’ at historic summit in Russia

BRICS held a summit in Kazan, Russia in October 2024, where 13 new “partner nations” were accepted. This followed the 2023 meeting in Johannesburg, South Africa, where several members were invited to join. Ben Norton analyzes the historic events, and shows how the Global South is building a more multipolar world.

BRICS MEMBERSHIP (9 members + 13 partner countries)
– 5 original members are Brazil, Russia, India, China, and South Africa.
– 4 new members officially admitted in January 2024 are Egypt, Ethiopia, Iran, and UAE. (Saudi Arabia has not accepted. Argentina rejected the offer.)
– 13 “partner countries” are Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Türkiye, Uganda, Uzbekistan, and Vietnam.

Check out our related report – BRICS plans ‘multi-currency system’ to challenge US dollar dominance: https://geopoliticaleconomy.com/2024/10/19/brics-russia-multi-currency-system-us-dollar/

Topics
0:00 BRICS expands
1:55 BRICS: 1/3rd of global GDP, 40% of population, 30% of oil production
2:40 Compare BRICS & G7
3:44 Saudi Arabia has not accepted offer; Argentina rejected
5:17 Leaders at 2024 summit in Kazan, Russia
6:48 China & India resolve border dispute
10:06 Unipolar domination vs multipolarity
11:04 Xi Jinping’s speech
12:23 Plans to transform international monetary & financial system
13:24 Bretton Woods, US dollar, IMF, World Bank
15:19 BRICS grain exchange (commodities exchange)
17:17 Bolivia condemns “Western unipolarity & tyranny of the dollar”
20:19 Kazan declaration summary
25:49 Israel, Palestine, Gaza, Lebanon
27:16 Syria & Iran
28:27 Opposing nuclear weapons & space arms race
29:20 Outro

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View 38 Comments

38 Comments

  3. @texasray5237 on

    We don't need your US dollar
    We don't need your SWIFT control
    All your sanctions don't impress us
    Hey! US! Leave the world alone!
    All in all you'll just see more BRICS in the wall.

    All in all you'll just see more BRICS in the wall.

  7. @thinkingtoomuch7974 on

    Argentina blew it, and as usual their people will suffer for stupid decisions made by their leaders. Anyway, Milei and Mileikowsky seem to be a match made in Hell, where they belong.

  12. @mzenjekomakoma3784 on

    Am happy about this, it's good for the world. However the organization also shows it's hypocrisy by conveniently avoiding the topic of Russia and Ukraine, which is very disappointing. Cause if they were to convince Russia to stop the war, it would go a long way in showing the world their invaluable influence and good intentions. But at this point it's just like replacing one bully for another 😢

  17. @DNAactivate on

    I work in the financial industry, and the experts think this is still a joke and that nothing will ever replace or be stronger than the dollar. Most of the hype around this is a crypto currency as per usual lies.

  21. @hc1897 on

    The thing that unites BRICS: The knowledge that under the current order, if any of these global south leaders work for the benefit of their own people, are successful, and refuse to toe the western line, they immediately face the risk of a colour revolution regime change (or downright invasion). China and Russia are the only 2 powers that have defied this rule and come out on top. This is why BRICS is so attractive. It gives people hope.

  22. @vylinhnguyen9389 on

    I agree that US and other colonial powers need to be checked. Not sure I trust the two other bullies here who lead BRICS, though. It’s laughable that Russia and China are championing a more empowered global south when one just invaded Ukraine and another completely disregards international law and continues to harass countries near the South China Sea—notably Taiwan, Vietnam, and the Philippines—> https://youtu.be/Fi-wWtKDCfw?si=WVaReagE18JdXgxo

  24. @kkhalifah1019 on

    The rest of the world is waking up to the fact that the entire universe does not revolve around the USA, it was all an illusion. And they're finally starting to act accordingly.

    They have finally realized there is nothing to stop them from trading among themselves without involving the schoolyard bully who uses the dollar to bludgeon everybody into submission while stealing their lunch money in the process.

  35. @sblbb929 on

    "the initative to create new investment platform to […] boost the investment flow into the countries of BRICS"
    Investment from where? Surely not the West?
    India desperately wants foreign investment, China's entire economic model is build around continuous foreign investment flow. So it's about investment from the West.
    I'm a bit critical of this platform that seems to oppose the West AND try to get western nations to inject more money into BRICS+ countries to build factories. It's not really an alternative to the West if their overall plan for development is courting the West for more economic stimuli. It still seems to be firmly in the West's shadow