BRICS Nations Push to Expand Global Influence to Counter West’s ‘Destructive Actions’

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BRICS countries are focusing on increasing their international role and improving coordination on key multilateral platforms, the Russian foreign minister reportedly revealed after a meeting with BRICS ambassadors. He stressed the need for joint efforts to counter destructive actions aimed at destroying the established security architecture.

The BRICS seek to expand their global influence

Russian Foreign Minister Sergey Lavrov stressed the need for joint efforts to counter the “destructive actions” of Western countries on Monday during a meeting with ambassadors from BRICS countries, Russian news agency Tass reported. . BRICS countries include Brazil, Russia, India, China and South Africa.

According to a statement issued by the Russian Foreign Ministry after the meeting:

Lavrov stressed the need for joint efforts to counter destructive actions aimed at destroying the established security architecture, carried out in accordance with the neocolonial policies of Western countries.

During the meeting, the ambassadors discussed the development and strengthening of strategic partnerships within the BRICS framework, the statement details. “Current issues on the global agenda were discussed with emphasis on the inadmissibility of eroding the central role of the United Nations,” the Russian ministry explained, adding:

Emphasis was placed on increasing the international role of the BRICS and improving coordination on key multilateral platforms.

In addition, Lavrov briefed the BRICS ambassadors on the key points of Russia’s new foreign policy concept, which highlights the desire for expanded interaction within the BRICS and a vision of a multipolar world order. The BRICS ambassadors then reaffirmed their commitment to a multipolar world order based on respect for international law and recognizing the sovereign right to choose one’s own path of development.

The Russian Foreign Ministry statement adds:

The growing interest of a wide range of countries in cooperation with the BRICS, which is now seen as the guarantee of genuine multilateralism, was noted.

The BRICS countries are reportedly working on creating a new form of currency, a topic that is expected to be discussed at the upcoming leaders’ summit. “The transition to settlements in national currencies is the first step. The next is to ensure the circulation of digital or any other form of a fundamentally new currency in the near future,” said Deputy State Duma Speaker Alexander Babakov. Several other countries have expressed interest in joining the economic bloc, including Argentina, Iran, Indonesia, Turkey, Saudi Arabia and Egypt. South Africa will host the next BRICS summit in August.

Many people believe that the introduction of a BRICS currency could jeopardize the USD’s status as the world’s reserve currency. Economist Jim Rickards said last week that the biggest enemy of the US dollar as the world’s reserve currency is the Treasury, which has weaponized the dollar and frozen Russia’s central bank reserves. Citing a similar reason, investment manager Larry Lepard predicted that the US dollar could lose most of its value in five years.

What do you think of the BRICS nations seeking more influence and uniting against the US dollar? Let us know in the comments section below.

Kevin Helms

An economics student from Austria, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His interests include Bitcoin security, open source systems, network effects, and the intersection between economics and cryptography.

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