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Expert: There's no confrontation logic in the BRICS forum
01:14

The foreign ministers of BRICS states have called for the use of the local currencies of member nations in international trade and financial transactions among BRICS members and their trading partners. They also discussed policies to expand BRICS membership. Among the countries that have formally applied for or expressed interest in joining BRICS is Egypt.

Andrey Gubin, a political and economic security expert and also a professor at the Far Eastern Federal University Vladivostok and the Jilin University of China, discussed its meaning for the bloc's standing on the global stage as many countries are applying to join BRICS.

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