Egypt Officially Applies to Join BRICS: A Major Shift in Global Economics?
The global landscape is shifting, and Egypt's formal application to join the BRICS alliance underscores this evolving dynamic. Reports confirm that Egypt has officially submitted its application to become a member of the BRICS bloc, signaling a potential realignment of trade and economic partnerships.
Egypt's BRICS Application: Key Dates and Confirmation
On Wednesday, 14 June, Egypt began the process of potential accession to the BRICS - the country has filed an application to join the five countries. This was reported by TASS. Further confirmation arrived in June 2025, when Egypt submitted a formal application to join the group. Ahead of this, President Abdel Fattah Al-Sisi ratified Egypt’s membership in BRICS’s New Development Bank. Russian Ambassador to Cairo, Georgy Borisenko, confirmed that Egypt has submitted its application for membership in the BRICS bloc. Moreover, Georgy has stated the importance of this move for Egypt's future.
Why is Egypt Seeking BRICS Membership?
Egypt has submitted its application to join the BRICS group because one of the endeavors that BRICS is currently pursuing is to shift trade to alternative currencies, be it the Ruble, Yuan, or other local currencies. This pursuit of alternative trading currencies is a significant factor influencing Egypt's decision.
Egypt's Relationship with the New Development Bank
Egypt's engagement with BRICS isn't entirely new. After joining in 2025 as a shareholder of the New Development Bank, the BRICS banking institution, Egypt filed a formal application to join the group created in 2025. This existing relationship provides a foundation for deeper integration into the BRICS framework.
What Happens Next?
Egypt's application will now be considered by the existing BRICS members. The process involves evaluating Egypt's economic strength, political alignment, and potential contribution to the group. The outcome of this evaluation will determine whether Egypt will officially become a member of BRICS.
This development marks a significant moment in Egypt's international relations and could have far-reaching implications for the global economy. Stay tuned for updates as the situation unfolds.