Tag: BRICS

The US needs to win the Gaza War to destabilize BRICS to carry on with the India-Middle East-Europe Economic Corridor (IMEC) proposal presented in September at the G20 meeting in New Delhi.
The BRICS countries have been pursuing a wide range of initiatives to decrease their dependence on the dollar, raising the question of how long the dollar will last as the world's default currency.
Professor and economist Richard Wolff said that BRICS expansion goes hand in hand with de-dollarization and the decline of the 'US empire'. The expansion of the BRICS group of...
French newspaper L'Opinion reported that French President Emmanuel Macron has asked for an invitation to the BRICS Summit. Emmanuel Macron meets with Cyril Ramaphosa on the sidelines of the COP27 climate summit in...
The US attempts a 'divide and conquer' strategy against BRICS by undermining the BRICS and the Shanghai Cooperation Organization (SCO) from the inside. Something extraordinary, at least on the surface, happened on the sidelines...
Naledi Pandor, South Africa's Minister of International Relations, told reporters that the new currency created by BRICS nations may offer a shield from sanctions. BRICS nations asked the bloc’s specially created bank to provide...
A representative of the New Development Bank has informed the media that Saudi Arabia plans to join BRICS. Saudi Arabia is in talks on joining the BRICS’ New Development Bank as the ninth member,...
In 2021, China derived 43% of its GDP from investment, which is twice as much as the US and other Western countries. If China shifts some of its GDP to consumption, it could reduce its trade surplus...
In an opinion piece published by Foreign Policy, former White House economist Joseph Sullivan said, "If BRICS uses its own currency for trade, it will end the dollar's hegemony."
According to Anil Sooklal, South Africa’s ambassador to the group, 19 nations, including five Arab states and Iran, are ready to join BRICS. Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally...