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Prime Minister Anwar Ibrahim has confirmed that Malaysia has sent a formal application letter to Russia, the current BRICS chair, expressing interest in either full membership or a strategic partnership. Malaysia is looking to diversify its economic ties and reduce its dependence on Western economies. Anwar mentioned that the country is waiting for feedback from South Africa to move forward with the membership process. Anwar Ibrahim and China’s President Xi Jinping The BRICS group recently expanded to include the countries UAE, Iran, Egypt, and Ethiopia. The plan is to create a multipolar world and challenge the current global economic system. Russia’s support and strategies for BRICS Russia is backing Malaysia’s bid to join BRICS. Russian Foreign Minister Sergey Lavrov assured Anwar of Moscow’s support during his visit to Malaysia. Anwar said on Facebook:  “This potential membership holds substantial promise for both nations and shows our commitment to creating strong international collaboration.”  He had first shown interest in joining BRICS ahead of China Premier Li Qiang’s visit to Malaysia. Being part of BRICS would give Malaysia access to financing and a political platform that isn’t influenced by Washington. Anwar has criticized America’ role in the Israel-Palestine genocide and said that Malaysia and Russia both support a permanent ceasefire in the Middle East, immediate humanitarian aid, and recognizing Palestine as a full member of the UN. Economic and geopolitical effects Malaysia’s foreign ministry reported that Russia is Malaysia’s eighth largest trading partner among European countries, with bilateral trade increasing by 15.6% to $3.1 billion in 2023.  Anwar said they explored ways to boost cooperation in investment, trade, science and technology, agriculture, defense, education, and tourism during his meeting with Lavrov. Joining BRICS would also connect Malaysia to the BRICS’ New Development Bank. However, non-members like Bangladesh and Uruguay can still access its…

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Filed under: News - @ July 29, 2024 5:22 am