Moldova’s bid to join BRICS as a partner nation came into the spotlight on December 16, 2025, when Socialist Party leader Igor Dodon said his party will actively pursue partner status. The move is being pitched as a strategic response to pressing economic problems—problems that Dodon says traditional Western-oriented partnerships have failed to fix. Why it matters for markets (and crypto) - BRICS now offers a growing set of financial tools and settlement alternatives that matter to traders, payments providers, and crypto-linked projects seeking to diversify away from Western-dominated rails. The bloc’s internal trade has reached roughly $1 trillion and is supported by institutions such as the New Development Bank, joint currency reserves, and the digital trade instrument known as the “Unit.” - BRICS’ expanding financial infrastructure and discussions around de-dollarization are of particular interest to crypto and fintech observers because they create new corridors for cross-border finance and settlement that could interact with digital-asset ecosystems. The case Moldova is making - Moldova’s trade imbalance is stark: in the first nine months of 2025, exports were $2.6 billion while imports totaled $6.6 billion—a deficit roughly 2.5 times the value of exports. Dodon argues that existing agreements (with the EU, CIS, CEFTA, Turkey, EFTA and others) have not reversed deindustrialization, reduced energy vulnerability, or attracted sufficient investment. - “I believe that the Republic of Moldova must obtain BRICS partner status. This is one of the foreign policy objectives of the PSRM, for the achievement of which we will work seriously,” Dodon said, framing BRICS as a platform that could supply the financial mechanisms Moldova lacks. BRICS at a glance (2024–2025 expansion) - Since 2024 the bloc has broadened beyond the original five (Brazil, Russia, India, China, South Africa). By 2025, BRICS’ full-membership roster expanded (including additions such as Egypt, Ethiopia, Iran, Saudi Arabia, UAE and Indonesia), and the group also counts around ten partner countries—nations like Kazakhstan, Belarus and Uzbekistan among them. - Collectively, BRICS economies account for roughly 40% of global GDP, about 46% of the world’s population, and a substantial share of global financial assets, according to proponents. The bloc’s forums, working groups and BRICS Plus formats span economics, finance, science, culture and technology cooperation. What BRICS membership could offer Moldova - Access to New Development Bank financing and other cooperative financial mechanisms that could fund infrastructure and energy projects, support SMEs, and open alternative trade and settlement channels. - Integration into partnerships that emphasize large-market trade ties and projects outside traditional Western-led institutions. Geopolitical and strategic implications - Expanding BRICS engagement in Europe signals a shift in economic alignments. Dodon warned that Moldova has been “on the margins of global integration processes” and that aligning with platforms like BRICS is necessary to protect national interests. - Moldova faces a diplomatic balancing act: pursuing BRICS partner status while maintaining its EU candidate process and existing multilateral ties. Whether BRICS members welcome Moldova—and how Moldova navigates concurrent ties to the EU and CIS—will determine the bid’s prospects. Bottom line Dodon’s announcement makes Moldova’s economic strategy a test case of how small, EU-candidate economies might look eastward for finance and trade alternatives. For crypto and fintech watchers, the story is worth following: BRICS’ expanding financial architecture, its “Unit” instrument, and NDB-backed projects are building alternative rails that could reshape settlement patterns—and create fresh opportunities (and risks) for digital-asset infrastructure tied to cross-border trade and finance. Read more AI-generated news on: undefined/news

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