New assembly would lead bloc’s de-dollarization efforts and bolster its global influence.
The BRICS group of nations is continuing its development into a geopolitical world power. On Thursday, the bloc announced its plans to create its own parliament to oversee the alliance and its initiatives.
BRICS, originally founded in 2006 as a group for investment strategies for emerging nations by Brazil, Russia, India, and China, has since expanded and now includes South Africa and—since January 2024—Iran, Egypt, Ethiopia, and the United Arab Emirates. An additional 40 nations have expressed interest in becoming members, including Serbia and Turkey. Over 20 countries have formally applied for membership.
