Serbia Sets its Eyes on a BRICS Membership
Serbia's move to join Brazil, Russia, India, and South Africa comes when the bloc is seeking a strategic expansion
April 14, 2024 07:35 AM
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TL;DR The Republic of Serbia is signaling a major foreign policy shift by showing interest in joining the BRICS bloc. BRICS is looking to expand its influence by inviting new members and challenging the dominance of the US dollar. Serbia's potential membership could mark a significant geopolitical move, as it would be the first Balkan nation to join the alliance.
The Republic of Serbia is making headlines with its recent diplomatic maneuver towards joining the BRICS bloc, an alliance that includes Brazil, Russia, India, China, and South Africa.
This interest from Serbia comes at a crucial time as BRICS actively seeks to expand its membership to include nations supportive of de-dollarization and those looking to diminish the global hegemony of the US dollar.
On March 29, official sources reported that BRICS invited Serbia to its upcoming summit in Russia. This invitation is not just a formality but a clear indication of BRICS's intent to embrace Serbia, potentially making it the first Balkan country to join the alliance.
Serbia's inclination towards BRICS stems from a protracted wait for European Union membership, a journey that began in 2009 with little progress.
"Nearly two-thirds of citizens consider Serbia's membership in BRICS the best and most acceptable integration option."
This statement from Serbia's Movement of Socialists highlights the national consensus on pivoting towards BRICS. Geopolitical analysts are not surprised by this move, as it represents a clear shift in the global balance of power, especially with Serbia positioned so strategically in Europe.
Should Serbia officially accept the invitation and join BRICS, it would not only mark a monumental shift in the nation's foreign policy but also signify BRICS' expansion into Europe.
That could alter the geopolitical landscape, challenging the West's financial dominance and paving the way for a new world order less dependent on the US dollar.
While Serbia's president has yet to formally accept the invitation, the anticipation and potential implications of such a membership send ripples through international political and financial circles.
Serbia's move towards BRICS could herald a new era of global alliances, with significant consequences for international trade, economics, and diplomatic relations.