Will BRICS Change Its Name After Expansion? Here's What We Know
The question on everyone's mind after the BRICS expansion is: Will BRICS change its name after expansion? The answer, according to multiple sources, is no. All the participants of BRICS have agreed that the name of the group will not change after new countries join it, as this will demonstrate continuity, according to Russian Foreign Minister.
Despite the addition of new member states, BRICS is a recognizable brand and maintains significant global recognition. Yury Ushakov, a Russian Presidential Aide, has revealed why BRICS chose not to change its name after its expansion. He emphasized the importance of maintaining the established identity of the bloc.
TEHRAN (Tasnim) – A top Russian diplomat said the BRICS group of emerging economies will keep its name in spite of the expansion of the bloc, considering it as a testament to the group's established legacy and strategic vision. The BRICS economic group will keep its current name despite the bloc's expansion, a top Russian diplomat has said.
So far, no official new name for the expanded group has been announced, and it is tentatively referred to as BRICS (see Figure 1). This reinforces the decision to stick with the familiar moniker, ensuring clarity and preventing confusion in international relations and economic discussions.
In conclusion, while the BRICS alliance has significantly expanded, the name BRICS will remain, signaling stability and a commitment to the group's original vision, as explained by top Russian officials.