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We need to adjust our economic structure, achieve development of better quality, build closer economic partnership, boost the building of an open world economy and establish a global development partnership
Tuesday, April 23, 2024
What Is the Deal with Serbia and the BRICS Bunch?
Serbia is showing interest in joining the BRICS bloc, which is actively expanding and welcoming new members focused on de-dollarization
Times are tough for the US dollar. Once a symbol of stability and a pillar of the global economy, it now faces a gradual erosion of its supremacy. Amid fluctuating monetary policies and geopolitical tensions, the foundations of its dominance are being questioned. Like the BRICS, many countries are abandoning the US dollar for various reasons
Akabueze expressed that when several countries were invited to join BRICS but Nigeria was not, "it raised a lot of eyebrows"
Recently announced plans for a Sino-Russo lunar nuclear plant signal Russia’s eastward realignment in space cooperation and hint at China’s renewed willingness to publicly cooperate with Russia
It remains unclear whether a new round of BRICS enlargement will occur or not. Should this happen, the BRICS leaders would utilize their own criteria, which are not public. It is likely that a decision will be reached by consensus, implying that the interests of all BRICS members would be considered, writes Valdai Club Programme Director Oleg Barabanov
China and Russia have renewed their anti-Western confrontation during high-level meeting in early April 2024 in Beijing. China demonstrates greater readiness to team up with Global South to “promote reforms in the global governance system” while Russia vehemently confronts “Western-led bloc” during talks in Beijing
Four countries recently joined the economic bloc, and the door has been left open for further additions