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Wednesday, April 10, 2024
Is BRICS the New Superpower?
The BRICS bloc is a growing home for nations eager to counter the West's position, or at least hedge their bets when it comes to international trade, development support, and conflicts
Multilateral institutions reflect the power realities of the time of their inception. As the balance of those power realities change, so too, does their efficacy become a matter of interrogation
This clearly indicates that the bureaucratic elites in Brussels don't really care about the economic and financial well-being of their own populace, as it makes no sense to replace the highly affordable natural gas transported via pipelines with the shipborne LNG that's not only incomparably more expensive, but it also takes far longer to reach Europe and is far more expensive in terms of storage.
Attacks against the ZNPP have become commonplace, since, in the face of military defeat, Ukraine resorts to terrorism.
Washington has only pushed Pakistan closer to China, Russia and Iran.
With numerous Western brands having left the Russian market at the onset of its war with Ukraine, more Chinese and Russian brands are sizing up opportunities in each others' markets
Zimbabwe has set its sights on joining the New Development Bank (NDB), an institution established by the BRICS economic bloc