{"id":141357,"date":"2023-09-01T21:41:46","date_gmt":"2023-09-01T16:11:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141357"},"modified":"2023-09-01T21:41:46","modified_gmt":"2023-09-01T16:11:46","slug":"brics-leaders-agreed-to-expand-alliance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/brics-leaders-agreed-to-expand-alliance-crypto-news\/","title":{"rendered":"BRICS Leaders Agreed to Expand Alliance – Crypto News"},"content":{"rendered":"

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In a significant development on the global geopolitical stage, the leaders of the BRICS nations have come to a unanimous decision to expand their alliance.\u00a0<\/span><\/p>\n

The <\/span>BRICS<\/span><\/a> alliance, which consists of Brazil, Russia, <\/span>India<\/span><\/a>, China, and South Africa, has long been recognized as a formidable force in international relations, encompassing a substantial portion of the world\u2019s population, economic output, and geopolitical influence.\u00a0<\/span><\/p>\n

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BRICS Expansion: Key Point in Joint Declaration<\/strong><\/h2>\n

The <\/span>announcement<\/span><\/a> was made during the second day of the recent BRICS Summit held in Johannesburg, which commenced with a bilateral meeting between Prime Minister Narendra Modi of India and South African President Cyril Ramaphosa.<\/span><\/p>\n

Among the notable topics of discussion was India\u2019s proposal to grant the African Union a permanent seat in the G20, a proposition that enjoys support from fellow BRICS nations. Modi expressed optimism about the approval of this proposal, underscoring the unity of purpose within the alliance.<\/span><\/p>\n

In his address, Prime Minister Modi reiterated India\u2019s endorsement of expanding the BRICS alliance through consensus, affirming the bloc\u2019s collective commitment to strengthening its ranks.\u00a0<\/span><\/p>\n

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He also highlighted India\u2019s contributions to key sectors such as railway research networks, cooperation among Micro, Small, and Medium-sized Enterprises (MSMEs), and the dynamic field of start-ups. Modi acknowledged the substantial progress achieved in these sectors as a testament to the tangible outcomes of BRICS collaboration.<\/span><\/p>\n

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Modi also praised South Africa\u2019s BRICS chair for emphasizing the Global South states. He emphasized India\u2019s own commitment to prioritize Global South countries during its G20 chairmanship.\u00a0<\/span><\/p>\n

Interestingly, Modi shifted his focus to space exploration, announcing the start of development on the BRICS satellite constellation. He did, however, urge for the formation of a BRICS space exploration consortium to increase collaboration in this area.\u00a0<\/span><\/p>\n

Emphasis on Co-operation and Multilateralism<\/strong><\/h2>\n

Furthermore, Chinese President Xi Jinping joined the chorus of leaders addressing the assembly. President Xi also used the occasion to address a major issue on the world stage: the lingering specter of the \u201cCold War mentality\u201d that continues to loom over international relations.\u00a0<\/span><\/p>\n

He advocated for mutual respect for the many modernization pathways that countries select for themselves, opposing ideological rivalries, systemic confrontations, and civilizational disputes.<\/span><\/p>\n

The BRICS alliance has gained more traction in recent times with several nations including Argentina, Saudi Arabia and Morocco among others <\/span>indicating interest<\/span><\/a> to join the bloc as concerted effort is made to stump the dominance of the US Dollar.<\/span><\/p>\n

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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In a significant development on the global geopolitical stage, the leaders of the BRICS nations have come to a unanimous decision to expand their alliance.\u00a0 The BRICS alliance, which consists of Brazil, Russia, India, China, and South Africa, has long been recognized as a formidable force in international relations, encompassing a substantial portion of the […]<\/p>\n","protected":false},"author":2,"featured_media":141358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-141357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141357"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141357\/revisions"}],"predecessor-version":[{"id":146997,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141357\/revisions\/146997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/141358"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}