BRICS Latest: Bloc Invites New Members, Plans Two-Tier System
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BRICS leaders invited top oil exporter Saudi Arabia and five other countries including Iran to join their bloc in a push to expand its global influence.
Saudi Arabia, Argentina, Egypt, Ethiopia, Iran and United Arab Emirates will become full members on Jan. 1, said South Africa’s President Cyril Ramaphosa in a joint press conference of the BRICS leaders on Thursday at their annual summit in Johannesburg. The enlisting of new members was agreed by the leaders of Brazil, Russia, India, China and South Africa. It will be the first expansion since 2010.