PUBLISHED: 18 Oct 2024 at 05: 00
Thailand will participate in the fourth Brics Plus Summit in Russia, though it was previously announced that Prime Minister Paetongtarn Shinawatra may be speaking alongside the land, Maris Sangiamposa may represent the country, not Maris Sangiamposa.
According to Foreign Affairs Ministry official Nikorn Balankura yesterday, the state will take part in the conference, which will be held from Oct 22-24 in Kazan, Tatarstan, after it was invited to attend by Russian President Vladimir Putin.
The fourth edition of the Brics Plus Summit will see the bloc’s founding members– namely Brazil, Russia, India, China and South Africa– welcome Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates ( UAE ) as new members.
Mr Putin even invited around two hundred other countries that have expressed their interest in joining the team, including Thailand, Malaysia, Indonesia, Laos, Vietnam, and Kazakhstan.
This week’s meeting will be held under the theme” Brics and the International South: Building a Better World Up”.
Thailand does have a great opportunity to reaffirm its efforts to strengthen its relationship with the Brics, he added, noting that the nation summited its application for Brics membership in June.
In the meantime, Russia is attempting to persuade Brics nations to create an alternate payment system that would be free of American sanctions.
Mr. Putin wants to strengthen Brics as a strong counterpoint to the West in world politics and business. According to a report prepared by Russia’s finance department and central banks, the request for a new payment program based on a system of corporate banks linked to one another through the Brics central banks may be presented to journalists ahead of the summit.
The system may save and move electronic tokens that were secured by foreign currencies using blockchain technology. This would subsequently make it possible to exchange those assets without having to use the money.