JRL NEWSWATCH: “Putin, Xi and BRICS Allies See Chance to Shake Up World Order” – Bloomberg

“Dozens of nations have lined up to become members of BRICS.”

“… The BRICS bloc — Brazil, Russia, India, China and South Africa — will use an annual leaders’ summit in Johannesburg … to begin the process of enlisting more members to bolster its global heft, a push driven mainly by Chinese President Xi Jinping but also backed by Russia and South Africa. There will also be talks on how to accelerate a shift away from the dollar, in part by increasing the use of local currencies in trade between members, which is surging, according to a draft agenda …. The bloc has failed to convert its growing economic might into significant political clout since it began holding summits 15 years ago. But the current splintering of the world order amid rising US-China frictions and the splits over Russia’s invasion of Ukraine provides a fresh opening for it to become a louder voice of the Global South and potentially to challenge the US and its allies. …”

Click here for: “Putin, Xi and BRICS Allies See Chance to Shake Up World Order; Dozens of nations have lined up to become members of BRICS.” – Bloomberg/ Simone Preissler Iglesias, S’thembile Cele, Sudhi Ranjan Sen

[featured image is file photo from another occasion]