“Efforts within its framework are based on the principles of equality, mutual respect and justice,” Lavrov said in his video address to participants of the 4th international municipal forum of BRICS+ countries in Saint Petersburg.
“This international structure is a model of true multilateral diplomacy in compliance with the 21st century realities,” Lavrov stated.
Early this month, the Algerian officials filed a formal application to join the BRICS. BRICS countries would account for two-thirds of the world economy, if new members, namely Saudi Arabia, Turkey, Egypt and Algeria, joined the association, according to TASS.
Previously, Iran and Argentina also applied to enter the BRICS. Egypt, Turkey and the UAE also voiced their intention to join the group.
On September 26, Russian Deputy Foreign Minister Sergey Ryabkov reported that BRICS members had begun work on the possible expansion of the association. However, earlier he pointed out that quick decisions on this matter should not be expected.
Meanwhile preparations are underway for an informal CIS summit, which is traditionally held in St. Petersburg at the end of every year, but certain details about the event are yet to be agreed on by the participants, Kremlin Spokesman Dmitry Peskov told reporters on Thursday.
“It takes time to secure everyone’s agreement,” he said. “It is being prepared but for it to take place we need to agree with everybody about the time.”