Saudi Foreign Minister Prince Faisal bin Farhan with Russian counterpart Sergey Lavrov. Russian Foreign Minister Sergei Lavrov said “more than a dozen” countries have expressed interest in joining BRICS. The BRICS economic bloc is positioning itself as an alternative to Western-dominated centers of power. Such a move would suggest that the BRICS bloc is an expanding entity offering an alternative to the IMF and World Bank for states seeking bailouts. “As I’ve argued before, since the politic club came around, ironically, its economic strength has weakened,” O’Neill told Arab News.

Source: Daily Nation June 02, 2023 08:42 UTC