MOSCOW - Russia welcomes Türkiye's interest in joining BRICS, Kremlin Spokesperson Dmitry Peskov said on Tuesday.

Earlier in the day, Turkish Foreign Minister Hakan Fidan said that Türkiye would like to become a member of BRICS and will monitor the developments in the organization, according to media reports.

"We, of course, all welcome this increased interest in BRICS on the part of our neighboring states, including our important partners such as Türkiye," Peskov said, adding that the topic of Türkiye's membership will be on the agenda of the BRICS summit, which will be chaired by Russia.

BRICS is unlikely to fully satisfy expectations of all countries that show interest in it, but the organization is interested in contacts, the spokesperson said.

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BRICS is the acronym for an emerging-market cooperative mechanism that initially includes Brazil, Russia, India, China and South Africa. On Jan 1, Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia joined BRICS, doubling its members from five to 10. Russia holds the rotating chair of BRICS for 2024.