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Deep Divisions within the BRICS Group
Politics
To a certain extent, the BRICS countries share Putin's criticism of the West. But in the end, he still stands quite alone.
2024-10-24 23:55:09
Politics
Finance
Economy
BRICS Summit: A Shift Towards Financial Independence
Image courtesy of : AFP (MAXIM SHIPENKOV)
The recent BRICS summit marked a significant step towards establishing an alternative financial framework to challenge Western dominance. With the inclusion of new members like Iran and Saudi Arabia, the alliance is expanding its influence on the global stage.
Leaders emphasized the need for financial cooperation and the development of cross-border payment systems, albeit without creating an outright alternative to established systems like SWIFT. Discussions highlighted the urgent call for peace in regions like Gaza and Ukraine, showcasing a unified stance against Western interventions.
While members share some criticisms of the West, internal differences remain evident. The summit underscored BRICS' ambition to reshape global economic dynamics, positioning itself as a counterbalance to Western powers.
As emerging economies unite, the potential for a new world order is becoming increasingly plausible.
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