Day after Putin’s visit, Azerbaijan applies to join Russia and China in the BRICS alliance


Source: finance.yahoo.com finance.yahoo.com

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BAKU, Azerbaijan (AP) — Azerbaijan formally applied Tuesday to join the BRICS bloc of developing economies, a day after Russian leader Vladimir Putin's visit to the oil-rich South Caucasus country to shore up regional ties and secure Moscow’s under-pressure trade routes. The announcement from the foreign ministry in Azerbaijan's capital, Baku, comes as the BRICS alliance has seen a major expansion. For over a decade, the bloc included just five nations: Brazil, Russia, India, China and South Africa. Iran, Egypt, Ethiopia and the United Arab Emirates joined in January, and Saudi Arabia has said it's considering doing so as well....