Economy / FinanceAsiaPoliticsRussia

Joe Blogs: BRICS Hits the Wall

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The recent BRICS summit in New Delhi showcased an alliance that appears powerful on paper, representing over 40% of the world’s population and major economies, energy producers, and emerging markets. However, underlying divisions among its members pose serious challenges to its unity and effectiveness. Key tensions lie in differing geopolitical goals Russia and Iran seek protection from Western trade barriers, China wants to challenge the established global financial system, while India and Brazil resist turning BRICS into an anti-American bloc. Competing regional interests, such as India’s mistrust of China and opposing stances between Iran and the UAE on Middle East…

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