What are you searching for ?

Business

Putin’s Vision: BRICS and a New World Order

Putin’s Vision: BRICS and a New World Order
 

Russia is hosting the latest BRICS summit, signaling a strong push for a “new world order” that challenges Western dominance. The summit, featuring Brazil, Russia, India, China, and South Africa, underscores the group’s evolution from an economic coalition to a significant geopolitical force.

 

Expansion and Influence

The BRICS coalition has recently expanded to include Egypt, Ethiopia, Iran, and the United Arab Emirates, reflecting its growing global appeal. Russia aims to strengthen ties with the “Global South,” contrasting the traditional Western-led “Global North.”

 

Putin’s Agenda

Russian President Vladimir Putin is leveraging the summit to showcase Russia’s resilience despite economic sanctions and geopolitical isolation. He envisions BRICS as a key driver of global economic growth, emphasizing economic sovereignty and reduced Western influence.

 

Key Discussions and Developments

The summit’s theme, “strengthening multilateralism for just global development and security,” sets the stage for discussions on political, economic, and cultural cooperation. Notably, the ongoing conflict in Ukraine is not officially on the agenda, although participants may address it at their discretion.

 

Strategic Partnerships

Putin is expected to meet with several global leaders, including India’s Prime Minister Narendra Modi and China’s President Xi Jinping. A potential “Comprehensive Strategic Partnership” with Iran could further deepen military and defense cooperation.

 

Future Prospects

The expansion to a “BRICS+” format aims to enhance the group’s geopolitical and economic clout. While the extent of its challenge to Western dominance remains uncertain, increased cooperation among member states is likely.

 
 


Crypto and Metals



btc us105,042 USDBitcoin
eth us2,510.17 USDEthereum
xrp us2.18326 USDXRP
xau us3,330.67 USDGold Ounce
xag us36.0568 USDSilver Ounce
xpd us1,050.32 USDPalladium Ounce
xpt us1,172.48 USDPlatinum Ounce


Important Stocks >>




Latest News

Business

The global automotive industry is sounding the alarm as China’s recent export restrictions on rare earth elements begin to ..

Business

Nissan’s new CEO, Ivan Espinosa, has announced a bold short-term strategy to address the company’s ongoing struggles. Espinosa emphasized ..

News

The Dutch government has fallen following a decision by far-right leader Geert Wilders to withdraw his Party for Freedom ..

Business

tariffs on steel imports, a move aimed at bolstering domestic production. The decision, which raises tariffs from 25% to ..