New Delhi, January 02, 2023.

The BRICS bloc of top emerging economies, including India, Russia and China, has announced induction of five full members into it as part of an attempt to expand its strategic heft against the backdrop of Western dominance in world affairs.

As Moscow assumed the presidency of BRICS, Russian President Vladimir Putin said on Monday that the grouping has become a 10-nation body now with Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates joining it as new members.

In August, the top BRICS leaders at the grouping’s summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1.