Putin Urges Calm Approach to Possible Algerian Accession to BRICS

BRICS - Sputnik Africa, 1920, 06.10.2023
SOCHI, Russia (Sputnik) - Algeria has formally applied to join the BRICS group of largest emerging economies and become a shareholder in BRICS' New Development Bank with a $1.5 billion contribution.
The possibility of Algeria joining BRICS should be worked out collegially and calmly, Russian President Vladimir Putin said on Thursday.

"Algeria is our friend certainly, a traditional friend in the Arab world, in the north of Africa. We think that it would befit the organization, but we obviously have to work out these issues with all our friends within BRICS, in contact with the Algerian leadership. We should do this calmly, not creating problems for the organization, but only creating new ways for overall development," the leader said at the Valdai forum in the Russian city of Sochi.

Flags of the BRICS member countries in Johannesburg, South Africa.  - Sputnik Africa, 1920, 02.10.2023
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In late August, the leaders of BRICS — Brazil, Russia, India, China and South Africa — issued membership invitations to Argentina, Egypt, Iran, Ethiopia, the UAE and Saudi Arabia. Their full membership will begin on January 1, 2024.
The NDB was established in 2015 with the goal of facilitating the funding of infrastructure and sustainable development projects in emerging markets and developing countries.
From Monday to Thursday, Sochi hosted the Valdai forum of the Russian think tank, the Valdai Discussion Club. Putin has addressed the participants of the event on its final day.