BRICS has granted 'partner' status to 13 countries, reflecting its ambition to expand influence as these nations aim to strengthen currency networks and reduce dependence on the US dollar.

A path untraveled: BRICS welcomes partner countries in a strategic move

Indian Ministry of External Affairs spokesperson Randhir Jaiswal confirmed that, following the recent BRICS summit in Kazan, thirteen countries have been granted partner status with this economic bloc. Jaiswal clarified that partner status is different from full membership, stating:

Thirteen countries have been accepted as partner nations. This is a collective decision of the BRICS countries.

Held under the leadership of Russia, the summit concluded with the adoption of the Kazan Declaration. This meeting marked the first official gathering of BRICS with the participation of Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) as official members. The new member countries joined Brazil, Russia, India, China, and South Africa on January 1. This expansion brings the official membership of BRICS to a total of 10 countries, signaling the group's intention to enhance global cooperation and economic coordination.

The newly designated partner countries, which will participate in BRICS initiatives without the privileges of full membership, are Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam. Russian President Vladimir Putin noted that although the list of partner countries has been finalized, the completion will occur after official invitations are issued and accepted.

At the conclusion of the summit, BRICS leaders outlined a commitment to building a payment network for local currencies, aimed at simplifying cross-border transactions while reducing reliance on the US dollar. They emphasized initiatives that promote financial cooperation by encouraging transactions in domestic currencies and supporting swift, low-cost international payment systems.

Putin proposed the establishment of an economic platform for BRICS to expand investment across BRICS countries and the Global South and East. He noted the strong potential of emerging economies as a driving force for global economic growth in the future. This proposed platform will focus on increasing investment in major infrastructure and technology projects, ultimately promoting safe, independent financial pathways.
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