ALGIERS: Algerian President Abdelmadjid Tebboune has suggested that his country, Africa’s largest natural gas exporter, could join the BRICS economic group that includes Russia and China.

Tebboune’s comment comes after Russian President Vladimir Putin — whose country is hit with Western sanctions over its Ukraine invasion — in June called on BRICS leaders to move towards “formation of a truly multipolar system of inter-government relations”.

The BRICS group also includes the major emerging economies of Brazil, India and South Africa.

“The BRICS interest us” as an alternative to traditional power centres, Tebboune said in a televised interview late Sunday. “They constitute an economic and political force.”

He underlined that there was no need to “get ahead of things” but promised “good news”. The president added that his North African country meets “a good part” of the economic criteria for joining the bloc.

BRICS members currently account for nearly a quarter of the world’s gross domestic product.

Tebboune participated in a BRICS virtual summit at the end of June, when Putin called on leaders of the group to cooperate in the face of “selfish actions” from the West. Sanctions over Ukraine have pushed Putin to seek new markets and strengthen ties with countries in Africa and Asia.

Copyright Business Recorder, 2022