Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Araghchi to Grossi: These parties will bear responsibility for the consequences of their actions
Araghchi to Grossi: Iran will respond to any unlawful action by European countries or parties attempting to turn the Agency into a tool for achieving their objectives
Araghchi to Grossi: We urge the Agency to warn against the consequences of any political move against Iran
Araghchi to Grossi: We call on the Agency to highlight Iran’s full cooperation during the upcoming Board of Governors meeting next week
Araghchi to Grossi: We demand that the Agency reflect the facts in a manner that prevents certain parties from exploiting it to advance their political agendas
Iranian Foreign Minister Abbas Araghchi holds a phone call with IAEA Director General Rafael Grossi
Trump envoy Witkoff has sent 'detailed and acceptable proposal' to Iran for nuclear deal; it's in their best interest to accept it: White House Press Secretary Leavitt
Hamas official says Witkoff's position toward group was 'unfair' and shows 'complete bias' to 'Israel'
Hamas official says it has considered Witkoff's proposal acceptable for negotiations, says 'Israel's' response was incompatible with what the group agreed on
Hamas official says group has not rejected Wikoff's proposal for Gaza ceasefire

Syria to apply to join BRICS, SCO, says minister

  • By Al Mayadeen English
  • Source: Agencies
  • 15 Jun 2023 21:02
  • 4 Shares
3 Min Read

Syrian Finance Minister Kanaan Yaghi says Damascus intends to apply to join BRICS and the Shanghai Cooperation Organization.

  • x
  • Syrian President Bashar Assad heads a cabinet meeting, in Damascus, Syria, March 30, 2021 (Syrian Presidency Facebook page via AP)
    Syrian President Bashar Assad heads a cabinet meeting, in Damascus, Syria, March 30, 2021 (Syrian Presidency Facebook page via AP)

Syria intends to apply to join the BRICS alliance, the bloc comprising Brazil, Russia, India, China, and South Africa, as well as the Shanghai Cooperation Organization (SCO), Finance Minister Kanaan Yaghi said Thursday.

There are also plans to open a SberBank branch in Syria, Yaghi told Russian news agency Sputnik during an interview.

Wang Zhimin, the head of the China Research Institute of Modernization and Globalization, told Sputnik that 13 countries have expressed their desire to join the BRICS alliance.

"Everyone knows that the idea of ​​'BRICS+' was put forward to gradually increase dialogue and cooperation between BRICS countries, developing countries, and actively developing economies," Wang said.

The announcement comes after Egypt said Wednesday that it applied to join BRICS.

"Egypt has applied to join the BRICS group because one of the initiatives that BRICS is currently engaged in is the maximum transfer of trade to alternative currencies, whether national or the creation of some kind of joint currency," Russian Ambassador Georgy Borisenko said.

"Egypt is very interested in this," the Russian diplomat underlined as the bloc heads toward further expansion.

Related News

'We have common enemies', says al-Sharaa on relationship with 'Israel'

Saudi foreign minister arrives in Syria for economic talks

Egypt expressed its desire to develop trade and economic cooperation with Russia, the top diplomat said. There is a process of building "new mechanisms for mutual settlements in these trade operations."

This also comes after Argentina's Bank President Dilma Rousseff said her country could join the BRICS' New Development Bank (NDB) as early as August.

Rousseff relayed to Argentine Economy Minister Sergio Massa that a vote on Argentina's admission was formally authorized by the NDB's board of directors. 

The NDB was established in 2014 at the group's annual summit, and it aims to boost resources for infrastructure and sustainable development projects in BRICS and developing countries through loans, guarantees, and other financial tools. 

BRICS countries are de-dollarizing trade, as China and Brazil struck last week a deal to ditch the US dollar in their bilateral transactions, which is expected to reduce investment costs and develop economic ties between the two countries.

Put forward by Brazil, the proposal is due to be discussed at the upcoming meeting of the board of directors set to take place at the beginning of August in South Africa. 

After assuming the rotating BRICS presidency in January, South Africa will host the 15th BRICS summit from August 22 to 24. 

It was reported earlier that South Africa would provide foreign officials attending the BRICS summit hosted by the country in August with diplomatic immunity. 

Moreover, the foreign ministers of BRICS' founding member states said the bloc was open to new members in light of their aspirations for a greater say in international affairs.

  • Syria
  • BRICS
  • Egypt
  • Russia
  • Shanghai Cooperation Organization
  • China
  • SCO
  • BRICS bank

Most Read

US judges quietly consider private security amid Trump tensions

US judges quietly consider private security amid Trump pressures

  • US & Canada
  • 25 May 2025
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu arrive to a news conference in the East Room of the White House, Tuesday, Feb. 4, 2025, in Washington (AP)

Rift widens: Trump, Netanyahu clash in heated phone call over Iran

  • Politics
  • 26 May 2025
An Israeli army vehicle moves in the Gaza Strip as seen from southern occupied Palestine, Thursday, May 29, 2025 (AP)

Hamas rejects Witkoff ceasefire plan, says alters terms

  • Politics
  • 29 May 2025
Spokesperson for the Yemeni Armed Forces, Brigadier General Yahya Saree, announces a new operation against Ben Gurion Airport on May 29, 2025 (Yemeni Military Media)

Yemen announces successful hypersonic missile strike on Ben Gurion

  • Politics
  • 30 May 2025

Coverage

All
War on Gaza

Read Next

All
MIT bans class president who gave pro-Palestine speech
US & Canada

MIT bans class president over pro-Palestine speech

Arab ministers condemn Israel 'ban' on planned West Bank visit
Politics

Arab ministers condemn Israeli ban on planned West Bank visit

Major General Hu Gangfeng, Vice President, National Defense University, People's Liberation Army, China, leaves after a panel discussion during the 22nd Shangri-La Dialogue summit in Singapore, Saturday, May 31, 2025. (AP Photo/Anupam Nath)
Politics

China blasts Hegseth, calls US top 'troublemaker' in Asia-Pacific

US activists demand shutdown of Musk's 'dirty' supercomputer: Reports
Technology

US activists demand shutdown of Musk's 'dirty' supercomputer: NBC News

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS