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Russia, China seek world power 'rebalancing' with G7-alternative: 'indispensable mechanism'

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The BRICS economic bloc has discussed and accepted applications for new members, including Iran and Saudi Arabia as well as some unnamed European countries.

Foreign ministers of the nations comprising a China and Russia-led economic bloc have made clear that they intend to rebalance global power, claiming to aim for a "multipolar" dynamic even as they work to place themselves at the center.

Jaishankar stressed that the five nations comprising the group needed to "send out a strong message that the world is multipolar, that it is rebalancing and that old ways cannot address new situations."

"I believe the enlargement of BRICS will be beneficial to the BRICS countries," he said, claiming the group was "inclusive … in sharp contrast to some countries’ small circle." Russian Foreign Minister Sergei Lavrov said that some dozen or so nations had shown interest in joining, and South Africa’s BRICS ambassador Anil Sooklal said that countries from Europe have asked about joining, according to South African outlet News 24.

Brazilian Foreign Minister Mauro Vieira called the group an "indispensable mechanism" to balance against the Western influence of the G7, which is made up of the U.S., Japan, Canada, Britain, France, Italy and Germany.

"Russia attaches enormous importance to the development of this format of integration. And Russia will take part in this summit at the proper level," Russian press secretary Dmitry Peskov said during a recent press conference. "Of course, we count as a bare minimum on partner countries in such an important format not being guided by such illegal decisions."

Fox News Digital’s Caitlin McFall and Reuters contributed to this report.


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