BRICS Expansion 2024: Financial Sovereignty in Advancing Integration

Vladimir Yuryevich Salamatov, Anna Vyacheslavovna Tangaeva and Anna Alekseevna Zharkova
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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

Russian Foreign Economic Journal, 2025, issue 6, 7-23

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.

Keywords: BRICS; financial sovereignty; de-dollarization; international trade; economic integration (search for similar items in EconPapers)
JEL-codes: F5 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2025_06_7-23

DOI: 10.24412/2072-8042-2025-6-7-23

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