Six New Countries Join BRICS in Historic Expansion
The Summit called for “a comprehensive reform of the UN, including the Security Council” to make it more representative of the developing world.
The Summit called for “a comprehensive reform of the UN, including the Security Council” to make it more representative of the developing world.
While the others focused on the future of their economic partnership, President Putin used his screentime to blame the West for the war in Ukraine and appeal to the developed world by offering free food for those most hit by the grain shortage.
The bloc is facing internal tensions regarding what direction to take once they have the power that puts BRICS on par with the West.
The upcoming BRICS summit next week will mark the beginning of a new era. But don’t count out the U.S. dollar just yet.
The World Bank said further “corrective action” could be taken against Uganda.
BRICS total economic output—which comprised 31.59% of the world’s GDP in 2022—has now surpassed that of the G7 group.
The move highlights Algeria’s geopolitical and economic reorientation toward Russia and China and away from the collective West.
“The arrest would also undermine a South African-led mission to end the war in Ukraine and “foreclose any peaceful solution,” South African President Cyril Ramaphosa said.
While Russian officials have expressed suspicion over Macron’s overtures, Beijing, seeing it as an opportunity to pull France away from the U.S.’s sphere of influence, has welcomed the idea.
Can the U.S. government and its allies prevent a determined group of countries from de-dollarizing and significantly hurting the U.S. economy in the process? How would de-dollarization be affected if the unthinkable happens and Russia wins in Ukraine?
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