Iran Applies To Join China And Russia In Brics Club – Brics: Iran also applied to join BRICS, Russia and China challenged West

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Iran, the world’s second-largest gas producer, has applied to join the BRICS grouping of Brazil, Russia, India, China and South Africa, projected by Beijing and Moscow as a powerful emerging market option in response to the West. Is. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the shocking rise of Brazil, Russia, India, China. The first summit of BRIC powers was held in Russia in 2009. South Africa joined it in 2010.

Iran said, both sides will benefit
Iran’s Foreign Ministry spokesman said that Iran’s membership in the BRICS grouping would benefit both sides. Russia said Argentina had also applied to join. Russia has presented these applications as evidence that the US-led West has failed to isolate Moscow after its invasion of Ukraine.

Russian Foreign Ministry spokeswoman Maria Zakharova said Argentina and Iran have applied to join BRICS while the White House was thinking about whether to shut down, impose sanctions or disrupt the world. Argentine officials could not be immediately contacted for comment but President Alberto Fernandez, who is currently in Europe, has in recent days reiterated his desire for Argentina to join BRICS.

China’s greatest power
China has by far the largest economy in the BRICS grouping, accounting for more than 70% of the group’s collective $27.5 trillion economic power. According to IMF data, India accounts for about 13%, with Russia and Brazil each accounting for about 7%. BRICS accounts for more than 40% of the world’s population and about 26% of the global economy.

Since the 1979 Iranian Revolution, the US-backed Shah Mohammad Reza Pahlavi was ousted from power, after which Iran was ostracized by the West and its economy crippled by numerous sanctions. It holds about a quarter of the Middle East’s oil reserves.

Chinese President Xi Jinping last week joined Russian President Vladimir Putin and other BRICS leaders for a virtual summit. Xi criticized the abuse of international sanctions, while Putin rebuked the West for provoking a global crisis, with the two leaders calling for more BRICS cooperation. Putin has said relations with China are the best ever and the strategic partnership with China aims to counter US influence.

Expansion

Iran, the world’s second-largest gas producer, has applied to join the BRICS grouping of Brazil, Russia, India, China and South Africa, projected by Beijing and Moscow as a powerful emerging market option in response to the West. Is. The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the shocking rise of Brazil, Russia, India, China. The first summit of BRIC powers was held in Russia in 2009. South Africa joined it in 2010.

Iran said, both sides will benefit

Iran’s Foreign Ministry spokesman said that Iran’s membership in the BRICS grouping would benefit both sides. Russia said Argentina had also applied to join. Russia has presented these applications as evidence that the US-led West has failed to isolate Moscow after its invasion of Ukraine.

Russian Foreign Ministry spokeswoman Maria Zakharova said Argentina and Iran have applied to join BRICS while the White House was thinking about whether to shut down, impose sanctions or disrupt the world. Argentine officials could not be immediately contacted for comment but President Alberto Fernandez, who is currently in Europe, has in recent days reiterated his desire for Argentina to join BRICS.

China’s greatest power

China has by far the largest economy in the BRICS grouping, accounting for more than 70% of the group’s collective $27.5 trillion economic power. According to IMF data, India accounts for about 13%, with Russia and Brazil each accounting for about 7%. BRICS accounts for more than 40% of the world’s population and about 26% of the global economy.

Since the 1979 Iranian Revolution, the US-backed Shah Mohammad Reza Pahlavi was ousted from power, after which Iran was ostracized by the West and its economy crippled by numerous sanctions. It holds about a quarter of the Middle East’s oil reserves.

Chinese President Xi Jinping last week joined Russian President Vladimir Putin and other BRICS leaders for a virtual summit. Xi criticized the abuse of international sanctions, while Putin rebuked the West for provoking a global crisis, with the two leaders calling for more BRICS cooperation. Putin has said relations with China are the best ever and the strategic partnership with China aims to counter US influence.

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