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The 2023 “Expansion Summit”: BRICS+ History in the Making
The 2023 BRICS summit has clearly been one of the most historic and transformational BRICS summits on record – a major expansion was unleashed by the bloc, with six new members forming part of the BRICS core starting from January 1, 2024: Argentina, Saudi Arabia, Ethiopia, the United Arab Emirates (UAE), Egypt and Iran. At…
VII BRICS International School
The BRICS International School is a unique scientific and educational program aimed at training young experts specializing in BRICS studies in political, economic, humanitarian fields and other relevant areas of interaction within the five countries and those who are interested in BRICS. The VII BRICS International School will be held by the Russian National Committee…
African Union becomes a G20 permanent member: implications for BRICS+
The decision of the G20 economies to admit the African Union as a permanent member at the Group’s 2023 meeting in India comes at a time when many observers started to question the relevance and effectiveness of this global forum. The admission of the AU is a step in the right direction and needs to…
On the centrality of BRICS trade liberalization for Africa
With the completion of the 2023 BRICS summit in South Africa there is a clear sense that a fundamental shift has indeed taken place in the perceptions of BRICS on the international stage. The expansion launched during that summit has certainly raised the attention towards BRICS in the world’s media space, with almost diametrically opposed…
The future of the BRICS+ format
The 2023 BRICS summit is over and it is clear that it is one of the most historic and transformational BRICS summits on record. While there has not been much progress on critical issues such as BRICS+ trade liberalization or the creation of a new reserve currency, a major expansion was unleashed by the bloc,…
BRICS expansion: A watershed moment for the global economy
The 15th BRICS summit in South Africa is set to bring major changes to the global economic landscape as the bloc is preparing to unleash an expansion that may result in a significant increase in its economic weight and influence on the international arena. China-proposed “BRICS Plus” cooperation approach launched in 2017 is bearing its…
BRICS to unveil the main criteria for the expansion: Interview with Yaroslav Lissovolik
Yaroslav Lissovolik is the Founder of BRICS+ Analytics[1] – a think-tank that explores the potential of the BRICS+ format in the global economy. Previously he worked as chief economist and head of research in Deutsche Bank Russia, the Eurasian Development Bank as well as Sberbank. He also worked as an Advisor to Russia’s Executive Director in…
The BRICS R5 project: is it feasible?
The creation of a BRICS common currency is one of the key themes that is expected to be discussed at the BRICS 2023 summit, but the issue of the feasibility of this R5 project (all five BRICS national currencies start with the letter R) is still seen as being unresolved. Most recently, the founding father…
The 2023 BRICS summit: what market impact?
This year the focus on the BRICS summit may finally reach a point when it is going to be followed closely not just by the BRICS scholars, but by the wider global community, including the global financial markets. The reason is simply that the BRICS agenda centered on the block’s expansion as well as the…
What are the modalities of BRICS expansion?
BRICS expansion is set to become the main topic of discussion at the BRICS summit in South Africa and as with so many actively discussed matters there is enormous confusion about what this expansion actually means. Is it just about the expansion in the BRICS core membership or a BRICS+ format? In the latter case,…
