Articles by BRICS Portal
We found 14 results.
Celebrating Multilateralism
Gert Grobler | BRICS Portal - TRANSCEND Media Service,
21 Oct 2024
17 Oct 2024 – In the run-up to the summit in Kazan, Russia, from Oct 22 to 24, BRICS implement intra-BRICS cooperation under three pillars: political and security, economic and financial, cultural and people-to-people exchanges.
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Is Political West Bailing Out Due to ‘Real and Increasing Ukraine Fatigue’?
Drago Bosnic | BRICS Portal - TRANSCEND Media Service,
21 Oct 2024
17 Oct 2024 – The term “Ukraine fatigue” is not new but its latest usage breaks off from the usual pattern and may indicate that the world’s most aggressive power pole is looking for ways to leave the Neo-Nazi junta to fend for itself.
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BRICS and the IMF Debt Traps
Marco Fernandes | BRICS Portal - TRANSCEND Media Service,
7 Oct 2024
2 Oct 2024 – What the Contingent Reserve Arrangement Can Do for the Global South – In the last two years, BRICS have experienced a popularity hitherto unseen in their existence.
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Zelensky’s Cancelled Meeting with Latin American Countries Reflects a Lack of Support for Kiev
Ahmed Adel | BRICS Portal - TRANSCEND Media Service,
30 Sep 2024
21 Sep 2024 – The Ukrainian president cancelled a meeting with leaders from Latin America and the Caribbean on the sidelines of the UNGA on 24 Sep due to low number of participants. It could also be a sign of the difficulties NATO faced in disseminating its narrative among non-Western countries, which is increasingly centered on a zero-sum logic, defending NATO’s exclusive interests in relation to Russia.
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Building BRICS
Ash Narain Roy | The Statesman/BRICS Portal - TRANSCEND Media Service,
30 Sep 2024
25 Sep 2024 – BRICS has emerged as a powerful geopolitical entity thanks to the Global South. It is flexing economic and political muscles that no other groupings ever did. It has momentum on its side. It has surpassed the G7 and accounts for 32 per cent of global GDP in PPP terms.
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Prospects for BRICS’ New Currency and New Payment System
Kester Kenn Klomegah | BRICS Portal - TRANSCEND Media Service,
23 Sep 2024
BRICS, together with new members and its partners, look forward to a new era of de-dollarizing the global economy by introducing a new currency and a new payment system at the Summit in the Republic of Tatarstan on 24 Oct 2024.
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Why Nations Are Rushing to Join BRICS+
Monica Johnson | BRICS Portal - TRANSCEND Media Service,
16 Sep 2024
12 Sep 2024 – Comprising in 2009 of Brazil, Russia, India, China and South Africa, BRICS added Iran, Egypt, Ethiopia, Saudi Arabia and the UAE in 2024. BRICS+ now: 45% of world’s population, 25% of global trade, 40% of global oil production, 28% of world’s GDP, and more than one-third of global GDP in purchasing power parity (PPP) terms.
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Age of Consensual Multipolarity
Efe Can Gurcan | BRICS Portal - TRANSCEND Media Service,
16 Sep 2024
13 Sep 2024 – One can hardly deny that multipolarity is a defining trend in world politics today, leading the shift away from US hegemony and toward a more distributed power structure. In response, even South-South cooperation has gained momentum.
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BRICS Model for a New World Order
Amb. Evgeny Tomikhin | BRICS Portal – TRANSCEND Media Service,
2 Sep 2024
28 Aug 2024 – BRICS is an innovative format of interaction rather than a union of individual states. Partnership is based on sovereign equality, respect for individual paths, consideration of each other’s interests, and a common effort for the realisation of developing countries’ aspirations.
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Shifting Economic Balance: BRICS vis-a-vis G7
Wang Wen | BRICS Portal - TRANSCEND Media Service,
19 Aug 2024
The unipolar world led by the West has persisted for over two hundred years. Thirty years ago, the economic output of BRICS was only one-third of that of the G7. Now, BRICS has completely surpassed the G7.
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Transformation of BRICS: From Symbolic Power to a Real Financial Pole in the Modern World
Dr. Oleg Barabanov | BRICS Portal - TRANSCEND Media Service,
29 Jul 2024
25 Jul 2024 – This year, Russia will be hosting the BRICS summit in October in Kazan. Our governmental circles, our ministries and our NGOs are all preparing for the summit. It is considered the key foreign policy event in Russia this year.
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BRICS: Important Announcement about the New Currency of the Union
BRICS Portal - TRANSCEND Media Service,
3 Jun 2024
23 May 2024 – BRICS is actively seeking to establish a new currency on the world stage to challenge the dominance of the US dollar. This initiative comes amid concerns about the impact of US sanctions on countries such as Russia and other emerging economies.
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And Now, BRICS Eyes Creation of a Central Bank for Currency Issue
BRICS Portal - TRANSCEND Media Service,
27 May 2024
24 May 2024 – China, with backing from Russia and South Africa, is introducing a new currency to be issued by a proposed BRICS Central Bank that would combine the strengths of the respective currencies of the five BRICS countries in the economic forum.
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Challenging Dollar’s Dominance
BRICS Portal - TRANSCEND Media Service,
13 May 2024
6 May 2024 – Strengthening ties and cooperation with regional countries, promoting platforms like BRICS and focusing on trade in local currencies may challenge the dominance of the US dollar in the coming years on account of a changing world order.
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