Cuba applies to join the BRICS Nations Alliance, preparing for the 2026 summit
2026-08-30 15:59:06
According to CoinMeta, Cuba has officially applied to join the BRICS alliance, with this move being proposed in the weeks leading up to the 2026 summit. The 18th summit is scheduled to take place from September 12th to 13th in New Delhi, India, where officials from around the world will attend, potentially reshaping trade and cross-border transactions. Cuban diplomats stated that becoming a member of the BRICS countries is Cuba's top priority, and Cuba is committed to full integration rather than merely being a partner country. This application was made against the backdrop of intensified sanctions by the United States, with the aim of alleviating Cuba's economic difficulties and enhancing its GDP through trade agreements with member countries such as China, Russia, India, and the United Arab Emirates. The BRICS countries also conduct transactions in local currencies, which could boost the value of the Cuban peso.
Source:Watcher.Guru
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