BRICS is seeking to reshape the international balance of power through new development finance, alternative payment systems and greater use of national currencies. Yet its ambitions face formidable obstacles, from Western financial
To bring an end to the dollar hegemony one doesn’t need one common competing currency, but a number of national ones, according to former Ronald Reagan official and renowned American economist Dr
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On January 1, 2025, nine countries officially joined the BRICS partnership: Belarus, Bolivia, Indonesia, Kazakhstan, Thailand, Cuba, Uganda, Malaysia, and Uzbekistan. This expansion marks a significant milestone in the evolution of BRICS,
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Sri Lankan President Anura Dissanayake expressed interest in joining BRICS in a letter sent to Russian President Vladimir Putin in October, and the country expects a positive response in 2025 to join
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India has no intention of undermining the US dollar, despite ongoing discussions within BRICS about financial cooperation, Indian Foreign Minister Subrahmanyam Jaishankar stated at the Doha Forum in Qatar on Saturday. The
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The BRICS Summit held in Kazan from October 22–24, 2024, brought attention to several defining factors regarding Latin American countries that will be important for the continent’s political and economic development in
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Just before Russia’s invasion of Ukraine, China announced to much fanfare a “no limits friendship” with Russia, suggesting a future of close collaboration in trade, energy and, perhaps most importantly, security. Now,
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As the 16th BRICS Summit kicks off today under Russia’s chairmanship, John Kirby, the White House National Security Communications Advisor, emphasized that the United States does not perceive the BRICS organization as
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The BRICS New Development Bank (NDB) is providing more flexible and supportive financial terms compared to the International Monetary Fund (IMF), according to Kudzai Dominic Chiwenga, an associate professor at the University
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Marginalised and dominated economically by the Global North, developing countries must urgently cooperate to better strive for their shared interests in achieving world peace and sustainable development. Cold War rivalryDuring the first
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Turkey has formally requested to join the BRICS group, a coalition of major emerging economies, according to a statement from Omer Celik, spokesman for President Recep Tayyip Erdogan’s ruling Justice and Development
More The upbeat momentum of South-South cooperation recently got a new boost, as the list of countries keen to join the BRICS keeps expanding, making the mechanism an increasingly critical force in building
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One hidden transformation of the international system in the most recent years has been the hijacking of the G7 by Washington as its ‘kitchen cabinet’ in the transatlantic system. The G8’s ‘shrinkage’
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Russian President Vladimir Putin highly values the collaboration between Russia and China on the international stage. On the eve of his two-day state visit to China, which starts on Thursday, Putin stated
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Exclusive by Our Diplomatic Affairs Editor In a move that could potentially disrupt Sri Lanka’s diplomatic aspirations, a powerful neighbouring country, reportedly a founding member of BRICS, has voiced objections to Sri
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by Liu Hong This year marks the first year after the expansion of BRICS with Russia assuming the rotating presidency. As U.S. political scientist Peter Katzenstein has said, “We live in a
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