- The BRICS bloc is targeting 2026 for its next phase of expansion, with details to be discussed at the 2026 summit in New Delhi.
- Russian Deputy Foreign Minister Sergey Ryabkov confirmed expansion plans, stating “BRICS will only benefit from the expansion, from admitting new members.”
- Expansion is expected to promote more trade deals in local currencies, directly challenging the dominance of the US dollar in global finance.
- While Russia and China are pushing for growth, other members like India, Brazil, and South Africa remain cautious about the pace of enlargement.
Russian Deputy Foreign Minister Sergey Ryabkov confirmed the BRICS alliance is planning its next round of expansion for 2026, a topic slated for the 18th summit in New Delhi this year. This potential growth signals a significant geopolitical shift aimed at strengthening the bloc’s economic and financial power. Consequently, admitting new members is seen as a direct path to increasing trade in local currencies, bypassing the US dollar.
“We will ensure the maximum effective integration of all new members to avoid internal frictions,” Ryabkov stated, according to a report from TASS. The consensus-based process requires all current members to agree, ensuring control over the alliance’s direction. However, member states are divided on the speed of this expansion, with Russia and China being its most vocal proponents.
Meanwhile, nations like India, Brazil, and South Africa harbor skepticism about expansion moving too quickly. The bloc previously grew in 2024 by adding the UAE, Egypt, Iran, and Ethiopia before welcoming Indonesia in 2025. Ultimately, the move towards local currency trade could reshape global economic alliances and empower native economies across the developing world.
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