Bitcoin News and Finance ‘Nuances Exist’ Among BRICS Members Regarding Bloc’s Expansion, Kremlin Admits Skip to main content

‘Nuances Exist’ Among BRICS Members Regarding Bloc’s Expansion, Kremlin Admits

‘Nuances Exist’ Among BRICS Members Regarding Bloc’s Expansion, Kremlin Admits

The enlargement of BRICS will be “near the top of the agenda” at the organization’s summit in August, the Kremlin Spokesman Dmitry Peskov told media. While recognizing the importance of the topic, Peskov indicated that participants in the meeting will likely discuss some differences on the matter.

Expansion-Related Issues to Be Determined During BRICS Summit, Putin’s Spokesman Says

With a growing number of nations either applying formally or showing interest in joining the BRICS group of developing economies, Russian President Vladimir Putin’s Press Secretary, Dmitry Peskov, highlighted expansion as a key topic for the talks at the bloc’s top level meeting in Johannesburg later this month.

Expanding BRICS (Brazil, Russia, India, China, and South Africa) is “near the top of the agenda” and will be discussed at the upcoming BRICS summit, although nuances exist regarding expansion prospects, the Russian official told reporters.

“This is a very important topic because we see that increasingly more countries are making statements about their intention to join this group,” Peskov elaborated, quoted by the Tass news agency. However, he also admitted:

Indeed, within the framework of BRICS certain nuances exist among members on the subject of expansion, and all these nuances certainly will be discussed during the upcoming summit.

The spokesman of the Kremlin administration was referring to a recent report by Bloomberg, based on sources familiar with the matter, which revealed that China’s push for a rapid enlargement of the economic bloc is facing opposition from India and Brazil.

Peskov remarked that expansion-related issues will be determined during the BRICS summit, scheduled to take place on Aug. 22–24, as “the heads of state will talk about their position.” Russia’s president will not attend in person but will take part in the forum via video link.

“Overall, such a [high level of] interest in the BRICS group is indicative of the association’s great potential and growing authority, and, most importantly, of the hands-on nature of the group,” the representative of the Russian president emphasized.

At their summit, BRICS leaders are expected to review official applications submitted by candidates to join the organization which seeks to expand its economic and geopolitical influence on the global stage. The large number of potential members has fueled concerns in the West about the alliance becoming a counterweight to the U.S. and the EU.

Do you think the current five BRICS members will reach consensus on the bloc’s expansion? Tell us in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Blogarama - Blog Directory