Argentina’s Bitcoin Supporter President Javier Milei Rejects BRICS Group’s Invitation!

• Argentina, due to the entry of a new administration led by Javier Milei, is poised to make a change in foreign policy by rejecting an invitation to join the BRICS Group.
• The Foreign Minister questioned whether there would be any difference since the country already views members of the BRICS bloc as its main trading partners.
• BRICS Group member countries are striving to reduce dependence on the US Dollar, and, more importantly, they are working to achieve this goal by following de-dollarization.

Argentina is undergoing a change in policies under the leadership of Javier Milei: The invitation from the BRICS Group has been rejected, and Milei criticizes Brazil and China.

Milei Rejects the Invitation from BRICS for Argentina

Argentina, under the new administration led by Javier Milei, is poised to make a change in foreign policy by rejecting an invitation to join the BRICS Group. According to Diana Mondino, who will be appointed as the Foreign Minister if Javier Milei takes office, the South American country will not join the BRICS Group as initially planned.

Mondino expressed doubts about the real value of the bloc to some journalists in Buenos Aires. Some of the members of the group are important trading partners of Argentina, including China and Brazil. The Foreign Minister questioned whether there would be any difference since the country already views members of the BRICS bloc as its main trading partners.

The latest development is based on existing relations between Argentina and several BRICS member countries, but it is important to note that Milei, who will officially take office on December 10, is a definite supporter of the United States.

Milei, as a libertarian and a fan of former US President Donald Trump, envisions aligning Argentina’s interests with those of the United States. This dramatic U-turn is one of Milei’s radical policies, including plans to eliminate the Central Bank, as previously reported.

Argentina’s President Criticizes Brazil and China

As is known, BRICS Group member countries are striving to reduce dependence on the US Dollar. More importantly, they are working to achieve this goal by following de-dollarization. Argentina’s newly elected president seems not to support this vision, and the latest move emphasizes his stance.

Milei has previously criticized China and threatened to sever diplomatic relations with the country, citing his dislike for doing business with any communist. The newly elected president of Argentina has also criticized the government of Brazil’s President Luiz Inácio Lula da Silva, who is inclined to approach China.

Argentina was one of the six countries invited to join the BRICS Group at the last BRICS Summit held in Johannesburg, South Africa. Their addition would have made the BRICS Group an expected bloc of 11 countries, but it now seems unlikely to happen with Argentina’s refusal to join.