There are currently no plans to transform BRICS into a full-fledged international organisation. This was stated by Russian Deputy Foreign Minister and Russia’s BRICS Sherpa Sergey Ryabkov in an interview published on the PIR Centre website.
The Deputy Minister highlighted that BRICS has evolved considerably since its founding, passing through several phases of qualitative development:
"It began as an informal dialogue platform and has grown into a complex, multi faceted mechanism for interstate cooperation across a wide range of areas. At the same time, we have been able to avoid excessive bureaucracy and rigid institutional structures. This ensures dialogue on an equal footing and allows us to develop effective collective responses to current challenges—without any ‘top down’ overstructure," Ryabkov added.
He reiterated that turning BRICS into a full fledged international organisation is not currently under consideration. The Deputy Minister noted that the group already possesses a well established framework for financial, trade, and economic cooperation.
"Interaction takes place through relevant national agencies and business communities. This model is proving effective at this stage and is unlikely to need revision. As our English speaking colleagues say: 'Don’t fix what isn’t broken.' That is the principle we follow," he emphasised.
📎 Full interview is available on the PIR Centre website (in Russian)
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