Skip to main content

South Africa’s Foreign Minister Hints at Expansion of BRICS Bloc With 3 New Members

South Africa's Foreign Minister Hints at Expansion of BRICS Bloc With 3 New Members

In a recent interview published on July 26, South Africa’s foreign minister Naledi Pandor highlighted the BRICS group of economies’ commitment to peace, asserting that these nations do not aim to “weaponize the oceans.” Moreover, leading up to the much-anticipated 15th BRICS Summit in Johannesburg next month, Pandor indicated that an announcement regarding the addition of three new countries to the BRICS nations is probable.

Ahead of 15th BRICS Summit, South Africa’s Pandor Talks Peace and BRICS Expansion

The forthcoming BRICS Summit, occurring from August 22 to 24, 2023, at the Sandton Convention Centre (SCC) in Johannesburg, South Africa, has generated considerable buzz. It is estimated that over 40 countries have either applied or expressed interest in joining the BRICS nations, comprised of Brazil, Russia, India, China, and South Africa.

Although discussions surrounding the BRICS are often linked with de-dollarization and competition with Western nations like the United States, the White House stated this week that it does not wish to restrict partnerships between countries. In an exclusive interview with South Africa’s foreign minister Naledi Pandor, the diplomat underscored that BRICS harbors no intentions of “weaponizing the oceans,” clarifying that talks of peace will be held during the 15th BRICS Summit.

Pandor also noted that a platform aimed at resolving the conflict between Ukraine and Russia would be established. “We’re not standing against anyone; we’re not standing for anybody. We work for the good of the world. We’re not seeking to weaponize the oceans, we’re not seeking to weaponize the forest, and we’re not seeking to weaponize climate change,” stated Pandor to RT. She further added that other African leaders intended to strengthen their ties with Russia.

While it has been reported that the upcoming summit will focus less attention on creating a BRICS reserve currency, expansion of membership appears likely. Ambassador Anil Sooklal, South Africa’s envoy to BRICS, hinted that the group would grow this year. Pandor substantiated these claims in an interview with RT, revealing that three new members will be joining the BRICS bloc, bringing the total to eight participating nations. Though she did not disclose the identities of the new member countries, Pandor praised the expansion as “fantastic” news.

What do you think about the upcoming BRICS Summit and the hints that there will be an expansion? Share your thoughts and opinions about this subject in the comments section below.



from Bitcoin News https://ift.tt/Vqy5l7c
Labels:

Comments

Post a Comment

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...
Post a Comment
Read more

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...
Post a Comment
Read more

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...
Post a Comment
Read more