Brics to more than double with admission of six new countries

Major expansion as economic bloc that includes Russia and China attempts to provide counterweight to the US and Western allies.

The Brics group of big emerging economies has announced the admission of six new members, in an attempt to reshape the global world order and provide a counterweight to the US and its allies.

From the beginning of next year, Iran, Saudi Arabia, Egypt, Argentina, the UAE and Ethiopia will join the current five members – Brazil, Russia, India, China and South Africa – it was announced at a summit in Johannesburg on Thursday.