IP- The decision to admit six new members to the BRICS is a big success, Chinese Ambassador to Russia Zhang Hanhui says.

Iran PressAsia:  "Of course, this is a big success," the Chinese Ambassador said answering Tass's written answer.

The term BRIC was coined by Goldman Sachs economist Jim O’Neill in 2001 to describe the startling rise of Brazil, Russia, India, and China. The bloc had its first summit in 2009 in Russia. South Africa joined in 2010.

The recent summit of the bloc was held in Johannesburg, South Africa, from August 22 to 24, 2023. With the leaders of 54 African nations invited, this was the biggest meeting of the heads of state and government of the Global South in recent years.

Participants in the summit agreed that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will join the bloc from January 1, 2024.

Venezuela considers BRICS as an association of countries sharing similar views and trying to build a multipolar world, Russian Ambassador to Venezuela Sergey Melik-Bagdasarov said on Friday.

"Venezuela sees not only economic perspectives in BRICS. First of all, it views it as a group of countries holding similar positions and trying to build a multipolar world order based on the norms of international law and principles of the United Nations Charter," he said in an interview with the Rossiyah-24 television channel.

According to the Russian diplomat, a possible membership in BRICS opens additional opportunities for Venezuela in terms on investments into the national economy. "This is a promising country from the point of view of investments," he noted. "Not long ago, it announced the establishment of four economic zones of accelerated development, where Venezuelan partners want to see friendly countries, including Russia."

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