Tag Archives | BRICS

U.S. imperialism in short believes that it can do whatever it likes, that it is a law unto itself.

BRICS keeps expanding. As a new full member, it added Indonesia, the 4th most populous country with the 7th largest economy on Earth. BRICS now has 10 members and 8 partners. They make up 41.4% of global GDP (PPP) and half the world population.

BRICS keeps expanding, adding 9 partner countries in January 2025, after admitting 4 new members in 2024. It now makes up roughly half of the global population and more than 41% of world GDP (PPP). It’s an economic powerhouse, with top producers of key commodities like oil, gas, grains, meat, and minerals.

The United States is continuing its economic battle against China in South America. However, its influence in the region is in decline as nations seek alternatives in order to forestall U.S. hegemony.

‘Say goodbye to selling into the wonderful U.S. Economy’ if dollar replaced; President-elect Donald Trump warns BRICS.

The BRICS declaration presumes that the international institutions in their current state are flawed because they are dominated by imperialist countries and are not representative enough; but they are flawed because their very essence is flawed, no matter how they are governed.

BRICS held a summit in Kazan, Russia in October 2024, where it expanded with 13 “partner nations”, after adding four new members. These are the most important takeaways from the historic meeting.

The 16th Summit of the BRICS organization is taking place this week in the Russian city of Kazan. President Nicolás Maduro was invited by the Russian president himself, Vladimir Putin, at the beginning of August, and is attending with a Venezuelan delegation.

In the Summit held in the Russian city of Kazan, BRICS members condemned the genocidal Israeli war on West Asia, the illegal sanctions regimes imposed on the people of the world by the U.S. and its allies, and Western dominated multilateral institutions.

On Monday, the Director of General Affairs of the Cuban Foreign Ministry, Carlos Pereira, announced that his country had requested to join BRICS+.

There is an expectation that Prime Minister Narendra Modi would prioritise a historic turnaround in India’s relations with China as a legacy of his 15 years in power. Things are indeed moving in such a direction. 

The outcome of U.S.-led conflicts in Ukraine and West Asia will have a profound impact on the developing world order. Washington has already lost the former, and its major adversaries are vested in making sure it loses the latter too.

Western currencies have almost been completely phased out in Russia-China trade, as nearly all payments between the countries are now carried out in rubles and yuan, according to Russian Prime Minister Mikhail Mishustin.

Economist Michael Hudson details how BRICS could create a mutual settlement currency for payment imbalances among central banks and build an alternative to the financialized neoliberal model of the dollar/NATO bloc.

At its fifteenth summit in August 2023, the BRICS (Brazil-Russia-India-China-South Africa) group adopted the Johannesburg II Declaration, which, amongst other issues, raised the question of reforming the United Nations, particularly its security council. To make the UN Security Council (UNSC) ‘more democratic, representative, effective, and efficient, and to increase the representation of developing countries’, BRICS urged the expansion of the council’s membership to include countries from Africa, Asia, and Latin America.

One of the major problems faced by Global South countries is that they are saddled with immense debts in dollars, and Western corporations claim ownership over their resources.

The impact of the G20 Summit in New Delhi on September 9-10 is to be measured by the consensus reached regarding the conflict in Ukraine.

AT the Johannesburg summit of the BRICS countries, it was decided to expand the group beyond its original five, namely, Brazil, Russia, India, China and South Africa, to include six more countries.

AS SIGNIFICANT as the fact of BRICS expansion are which countries are now set to join: Iran, Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia and Argentina.

BRICS countries represent 40% of the world’s population and a quarter of the world’s economy, and the group is now considering a possible expansion to more than 20 other countries.