BRICS Gains Momentum as Western Critiques Deepen Alliance Geopolitical Intel | GEÓ Geopolitical Intelligence Network

Gibraltar: Friday, 25 October 2024 – 15:07 CEST

LATEST GEOPOLITICAL NEWS: BRICS Gains Momentum as Western Critiques Deepen Alliance
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BRICS Gains Momentum as Western Critiques Deepen Alliance

Russian President Vladimir Putin convened leaders from the BRICS bloc in Kazan, drawing together representatives from countries comprising nearly half the global population. While BRICS remains far from challenging the International Monetary Fund (IMF) or disrupting the U.S. dollar’s dominance, the inaugural summit of its expanded membership showcased the group’s increasing clout.

The final communique emphasized ambitions to create new trade and payment mechanisms, albeit without concrete steps. Such alternatives could help members bypass Western-led systems, a pressing matter for Russia as it faces ongoing sanctions following its 2022 Ukraine invasion.

Notable diplomatic gains included the attendance of U.N. Secretary-General Antonio Guterres and Turkish President Tayyip Erdogan, whose NATO-aligned country has shown interest in joining BRICS. India and China also seized the opportunity to emphasize fresh efforts to strengthen bilateral relations, reinforcing BRICS as a forum for fostering economic ties beyond the influence of Western powers.

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Broadcasting Daily from Gibraltar Newsroom our dedicated desk editors and newsdesk team of Professional Journalists and Staff Writers work hand in hand with our established network of highly respected Correspondents & regional/sector specialist Analysts strategically located around the Globe (HUMINT) Our individual Desk Editors all have specific subject authority as Journalists, Researchers and Analysts covering AI, Autonomous Transport, Banking & Finance Technology, Cybersecurity, GeoCrime, Defence 3.0, Energy & Renewables, BioEconomy and Transport & Logistics. Contact the NewsTeam at [email protected]
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