BRICS Expansion 2024: Financial Sovereignty in Advancing Integration

Authors

DOI:

https://doi.org/10.24412/2072-8042-2025-6-7-23

Abstract

Amid growing international political uncertainty and diminishing effectiveness of traditional multilateral institutions, the importance of intergovernmental platforms, including the BRICS bloc, is increasing. The 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 financial infrastructure and the current state of financial integration within the bloc.

Author Biographies

Vladimir Yuryevich Salamatov, MGIMO-University; National Research University Higher School of Economics

Doctor of Sciences in Economics, Candidate of Sciences in Technology, Professor,
MGIMO-University, Director of the Institute of International Trade and Sustainable Development; General Director of International Trade and Integration LLC

Anna Vyacheslavovna Tangaeva, International Trade and Integration Research Center

Head of the Tariff Barriers and Market Access

Anna Alekseevna Zharkova, International Trade and Integration Research Center

Analyst

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Published

2025-07-08

How to Cite

Salamatov, V. Y., Tangaeva, A. V., & Zharkova, A. A. (2025). BRICS Expansion 2024: Financial Sovereignty in Advancing Integration. Russian Foreign Economic Journal, (6), 7–23. https://doi.org/10.24412/2072-8042-2025-6-7-23

Issue

No. 6 (2025)

Section

International trade

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Copyright (c) 2025 Russian Foreign Economic Journal

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