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BRICS Expansion 2024: Financial Sovereignty in Advancing Integration

Author

Listed:
  • Vladimir Yuryevich SALAMATOV

    (MGIMO-University, Moscow, Russia)

  • Anna Vyacheslavovna TANGAEVA

    (International Trade and Integration Research Center, Moscow, Russia)

  • Anna Alekseevna ZHARKOVA

    (International Trade and Integration Research Center, Moscow, Russia)

Abstract

Amid growing international political uncertainty and diminishing eff ectiveness of traditional multilateral institutions, the importance of intergovernmental platforms, including the BRICS bloc, is increasing. Th e expansion of BRICS in 2024 with the inclusion of new members (Iran, Egypt, Ethiopia, UAE and Indonesia) opens up opportunities for the creation of a new economic architecture capable of addressing external challenges and strengthening the role of emerging economies in global trade. The article examines the key mechanisms for developing fi nancial infrastructure and the current state of financial integration within the bloc.

Suggested Citation

  • Vladimir Yuryevich SALAMATOV & Anna Vyacheslavovna TANGAEVA & Anna Alekseevna ZHARKOVA, 2025. "BRICS Expansion 2024: Financial Sovereignty in Advancing Integration," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 6, pages 7-23, June.
    • Handle: RePEc:alq:rufejo:rfej_2025_06_7-23
    DOI: 10.24412/2072-8042-2025-6-7-23
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    JEL classification:

    • F5 - International Economics - - International Relations, National Security, and International Political Economy

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