Thu | Jul 2, 2026

Iran and Saudi Arabia among six nations set to join BRICS economic bloc

Published:Thursday | August 24, 2023 | 12:05 PM
Iran President Ebrahim Raisi addresses the 15th BRICS Summit, in Johannesburg, South Africa, Thursday, August 24, 2023. The BRICS leaders announced that they would welcome six new members in January 2024: Iran, Argentina, Egypt, Ethiopia, Saudi Arabia, and the United Arab Emirates.(Kim Ludbrook/Pool via AP)

JOHANNESBURG (AP) — Iran and Saudi Arabia were among six countries invited Thursday to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher.

The United Arab Emirates, Argentina, Egypt and Ethiopia were also set to enter BRICS from Jan. 1, 2024, joining current members Brazil, Russia, India, China and South Africa to make an 11-nation bloc.

The announcement came after two days of talks at a summit in Johannesburg involving Brazilian President Luiz Inácio Lula da Silva, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping and South African President Cyril Ramaphosa. Russian President Vladimir Putin participated in the discussions virtually after his travel to the summit was complicated by an International Criminal Court arrest warrant issued against him over the war in Ukraine.

Putin welcomed the six countries by video link.

He did not mention Wednesday's plane crash that left Russian mercenary chief Yevgeny Prigozhin and some of his top lieutenants presumed dead.

While there has been momentum for a BRICS expansion for months - pushed largely by China and Russia - the five leaders were locked in closed-door discussions for two days Tuesday and Wednesday before emerging with an agreement on expanding and a list of countries on the last day of the summit.

BRICS is a consensus-based organisation that needs all members to agree on decisions.

The bloc was formed by Brazil, Russia, India and China in 2009 and added South Africa in 2010, making Thursday's announcement in the heart of Johannesburg's high-rise Sandton financial district its most significant decision in more than a decade.

Follow The Gleaner on Twitter and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com.