Malaysia is one step closer to joining the BRICS intergovernmental organisation after Prime Minister Datuk Seri Anwar Ibrahim accepted an invitation for the country to participate in the group’s summit to be held from Oct 22-24 in Kazan.
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00:00Malaysia is one step closer to joining the BRICS intergovernmental organisation after
00:07Prime Minister Datuk Sri Anwar Ibrahim accepted an invitation for the country to participate
00:14in the group's summit.
00:16The event will be held in Kazan from October 22 to 24.
00:21The invitation was extended by Russian President Vladimir Putin at a meeting between the two
00:27leaders at Vladivostok during the 9th Eastern Economic Forum on Wednesday.
00:33Anwar said the invitation was a testament of Malaysia's importance towards Russia and
00:39marked a significant step towards Malaysia's goal of joining the group.
00:44He said as Malaysia continues to expand its geoeconomic space and diversify its strategic
00:50relationships, Russia will be a key partner, and from Islamic finance and agriculture to
00:57education, the potential for Malaysia and Russia to leverage their expertise for the
01:02mutual benefit is immense.
01:06Malaysia had previously submitted an application to Russia to join BRICS in July this year.
01:12Initially made up of Brazil, Russia, India and China, BRICS was established in 2009 as
01:19a cooperation platform for emerging economies.
01:23It has since expanded to now consist of a total of nine countries.
01:28BRICS contributes to a quarter of the global economy, representing about 40% of the world's
01:34population.
01:35Anwar said at the meeting with Putin, he also expressed his hope for Russia to pursue a
01:40peaceful and sustainable resolution to the war with Ukraine through peace negotiation.
01:47He said they also agreed that the international community must intensify pressure to end Israel's
01:53genocide in Gaza.