BRICS Summit 2023 LIVE: Why BRICS expansion is facing hurdles?
Check the latest updates hereBRICS countries have economies vastly different in scale and governments with often divergent foreign policy goals, a complicating factor for a bloc whose consensus decision-making model gives each member a de facto veto.Bloc heavyweight China has long called for an expansion of BRICS as a means of fostering a multipolar world order to challenge Western dominance."The world ... has entered a new period of turbulence and transformation," China's President Xi Jinping said on Wednesday.
"We, the BRICS countries, should always bear in mind our founding purpose of strengthening ourselves through unity."Russia's President Vladimir Putin, who is wanted under an international arrest warrant for alleged war crimes in Ukraine and is attending the summit remotely, is keen to show Western powers he still has friends.Brazil and India, in contrast, have both been forging closer ties with the West.Brazil's President Luiz Inacio Lula da Silva on Tuesday rejected the idea the bloc should seek to rival the U.S. and Group of Seven wealthy economies.The BRICS country official said that admission criteria India's Modi proposed included requiring members not be the target of international sanctions, ruling out potential candidates Iran and Venezuela.Modi was also pushing for a minimum per capital GDP requirement."These are the things Modi brought in today," the official said.
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