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File photo: China\u2019s Vice Foreign Minister Ma Zhaoxu, Brazil\u2019s Foreign Minister Mauro Vieira, South Africa\u2019s Foreign Minister Naledi Pandor, Russia\u2019s Foreign Minister Sergei Lavrov and India\u2019s Foreign Minister Subrahmanyam Jaishankar attend a BRICS foreign ministers\u2019 meeting in Cape Town, South Africa, on June 1, 2023.
\n | Photo Credit: Reuters<\/p>\n
The story so far: In a bid to deepen ties in Asia and Africa, the heads of the BRICS nations (Brazil, Russia, India, China, and South Africa) are scheduled to meet in Cape Town, South Africa on August 22-24 this year. The bloc, which is seen as a counter to the G7, is also mulling expansion.<\/p>\n
The BRICS nations\u2019 foreign ministers met in Cape Town on June 2, 2023, to strengthen the bloc\u2019s influence globally. Expansion was on agenda as ministers from Algeria, Argentina, Iran, Saudi Arabia, the United Arab Emirates, Egypt, and Kazakhstan were also present.<\/p>\n
In a post-meeting statement, South Africa\u2019s foreign minister Naledi Pandor said that Shanghai-based New Development Bank (NDB) had briefed the BRICS minsters about potentially using alternative currencies to ensure the bloc does not become victim to sanctions which affect countries not involved in the original issue.<\/p>\n
External Affairs Minister S. Jaishankar with his counterparts from Brazil, Russia, China and South Africa after a meeting of BRICS Foreign Ministers, in Cape Town, South Africa, Thursday, June 1, 2023.
\n | Photo Credit:
\n PTI<\/p>\n