INSUBCONTINENT EXCLUSIVE:
President Lula has altered his stance on Venezuela and Nicaragua joining BRICS, instructing the Brazilian delegation to block new members at
the upcoming summit in Russia
October 22 to 24, will discuss criteria for partner countries
The summit will determine the level of involvement for this new category.The bloc increasingly consists of authoritarian nations like China,
Russia, Saudi Arabia, Iran, and Egypt, raising global concerns due to their repressive governance and potential to undermine democratic
Nicaragua from BRICS Amid Diplomatic Tensions
clergy and political opponents.Venezuela has been pushing to join BRICS, with support from China and Russia
The bloc recently expanded to include Iran, UAE, Ethiopia, and Egypt in January.Lula Blocks Venezuela and Nicaragua from BRICS Amid
New entrants must support UN reform, especially of the Security Council
They should also have good diplomatic ties with current BRICS members and avoid backing unauthorized economic sanctions.BRICS countries
currently represent 37% of the global economy
