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BRICS: Will Serbia Join the Expanding Alliance in July?

BRICS: Will Serbia Join the Expanding Alliance in July?

Serbia is making a renewed push to become part of the BRICS alliance, with Prime Minister Duro Macut confirming the country’s formal application and strategic commitment ahead of the upcoming summit in Brazil.

The 17th BRICS gathering, set for July 6–7 in Rio de Janeiro, could mark a turning point for the group’s next phase of expansion.

Macut emphasized that Serbia views closer ties with BRICS as a matter of national interest, calling its members “key players on the global stage” and stressing the importance of building “mutually beneficial” partnerships.

Last year, BRICS introduced a new tier of ‘Partner Countries,’ welcoming 13 new members—including Algeria, Indonesia, and Turkey—but Serbia was not among them. Since then, over 45 nations have expressed interest in joining, with 23 having submitted official applications. Serbia, which applied in 2023, remains on the waiting list as the group considers further enlargement.

The BRICS expansion process is based on full consensus among members, making Serbia’s entry uncertain unless all five founding nations—Brazil, Russia, India, China, and South Africa—agree.

Interestingly, Serbia is also pursuing European Union membership, according to Macut, signaling a diplomatic balancing act between East and West. The country has faced EU sanctions in the past, particularly in the post-Yugoslav era, but remains committed to EU accession talks.

Whether Serbia will be embraced by the BRICS coalition in July remains to be seen, but its dual-track diplomacy reflects a broader global trend: small and mid-sized nations seeking new alignments amid shifting geopolitical fault lines.

Author
Alexander Stefanov

Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.

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