As Premier Li Qiang and Russian President Vladimir Putin concluded their respective engagements in Southeast Asia this week, both leaders witnessed a region increasingly eager to affiliate with the BRICS economic bloc. This organization is perceived as a strategic counterbalance to institutions dominated by Western powers.
In a pre-visit interview with Chinese media, Malaysian Prime Minister Anwar Ibrahim announced his government’s intention to seek membership in BRICS. This statement follows the bloc’s significant expansion this year, which saw it attracting numerous Global South nations. The allure for these countries lies not only in the potential access to new financing avenues but also in the opportunity to engage within a political framework that operates outside the sphere of Washington’s influence.
For more information, visit the original article on Bloomberg.