BRICS Pauses Expansion Even As More Nations Look To Move Away From West, Russia Rallying Point?
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- Опубліковано 25 чер 2024
- BRICS, a grouping of major emerging economies comprising Brazil, Russia, India, China and South Africa, has announced a temporary halt to admitting new full members following its recent expansion to include Egypt, Ethiopia, Iran, Saudi Arabia and the UAE in 2023. Russian Foreign Minister Sergei Lavrov disclosed this decision during a BRICS foreign ministers' meeting in Nizhny Novgorod.
Instead of immediate new memberships, BRICS will focus on categorizing partner countries that may eventually lead to full membership status. This strategic pause reflects BRICS' intention to manage its expansion carefully while considering geopolitical implications and maintaining cohesion among its diverse member nations.
The move comes amidst heightened global interest in BRICS membership, with approximately 30 countries, including Malaysia and Thailand, expressing interest in joining. These countries view BRICS as an alternative political platform to Western-dominated institutions like the World Bank and IMF, reflecting a broader shift in global economic and political alignments.
Russia, which currently holds the BRICS presidency, is preparing to host a summit in Kazan in October 2024, underscoring its commitment to showcasing BRICS as a viable international forum despite Western opposition. The upcoming summit is expected to include participation from non-member countries, further enhancing BRICS' role as a global influencer in geopolitics and economic cooperation.
Additionally, BRICS' efforts towards de-dollarisation and discussions on intra-BRICS payment systems highlight its ambitions to reduce reliance on the US dollar amidst geopolitical tensions and economic sanctions, though progress in this area remains gradual. Overall, BRICS continues to evolve as a significant player in global economic governance, offering an alternative vision to traditional Western-centric models of international relations.
#brics #russia #asiancountries #worldnews
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Ofcoz it's not something which can be done overnight, but no one can stop the dedollarisation trend
Dream of rendians😅😅💩💩
Build a toilet with toilet rupeea
Ask yourself why the dollar became the defacto reserve currency. Until the BRICS countries can challenge the underlying principles that propelled the dollar to be a reserved currency, what ever they [BRICS] do is just empty noise.
Muslim behgar😂😂
Do u have a single dollar?
Everything changes with time, nobody uses feather quills to write or communicate by telegraph.
Meaningless statement unless one BRICS economy surpasses the US. Even then trust in currency management is important.
Group as a whole is meaningless.
Gihadi dream😂
Replace dollar with allah😂
pregnant men are losing ground
Exectly USA has gaining $50 trillions debt @ multi front war
Russia/Putin is so stressed and desperate its hilarious
Wonder what makes you say that?
@@dosa2990 who knows? I would be pretty happy to see 59 countries planning to apply.
Brics countries trade with Gold😂
Where is brics currency ?😂
? whats wrong with Gold ?
@@Jesus_was_GodUSA has the largest gold reserves in the world it won’t matter they will still be on top 😂
@@beastmode6225nope they don't 😂😂😂 usa is not the largest china is and India is second
Its literally a fact that the US holds the most reserves in the world are you kidding me? Lol @gouthamkumar1750
@@Wvavy upto date us holds 8.3k M.T reserved but if you compare it to what other countries hold not just by the government but in whole consumption that's nothing cause just India alone has 21k M.T consumption didn't even include the reserve it holds, we should take it into note cause gold is considered as investment and a currency
Even Russia said India to pay with Yuan😂
And India-China trade with US dollars❤ 🤩💪🇺🇸
India loses that battle gradually. Joining BRICS, the Yuan is your new currency whether you realize it yet or not.
Yuan will be your new dollar and china can do whatever they want😂😂😂 just like usa 😂
You just switch masters from Lucifer to Mephisto
China currency is unstable. It’ll have a couple decades then hardcore fall off. Just look at their behavior towards Philippines. Try to act like USA but can’t back it up. Cutting off a single trade route would ruin China and countries that trade in yuan. BRICS is some major cope.
@@user-vb5lr9mh2r 🤣yuan can only transaction with china
There is only one "full member" in BRICS/Cribs
De-Dollarization does not mean Dollar will fall in few days / Weeks or months . The effect will be a long term and you will see USA and EU will be in place of poorest countries in the world.
i spit my keyboard while i read this comment 🤣
zero logic, if Nato win the war then do you think US dollar will drop ??? 😂
@@TeguhFebrian-ct3ps keep printing money out of thin air is the us selution🤣😆
@@TeguhFebrian-ct3psdo you hear yourself? That's mean US is a tеrrоristiс country.
@@michaelmaratse7398what currency brics gonna use ? 🤣 I can see it'll fked the immunity to sanction thing is just made up 😂😂 strong economies can always sanction anyone it wants lol you think you can stop individual countries from stopping trade to who they want ? 🤣🤣
Dollar need to stay strong for some time since many countries have USD in reserves they need to decrease them.
If it looses value immediately what happens to all thoes reserves
meanwhile China begging no more sanctions plz plz plz
😂😂😂 Yh of course, if you are watching US & western media . You still see hear that , that China is begging and China made are low quality and try ban ofcourse Chinese cars that you can compete with 😂😂😂
Stop being a frog living under a coconut shell.
Dollar is strong because you can be E. Musk and still criticise Biden without being worried. Whre is Jack Ma, where is Yandex a Russian Genius Billionaire
Don't mention Julian Assange.
But all Americans afraid to say the name of Russian president in voice. Also can go to jail if you pronounce someone wrong way or watch on a women or offend a black person. You go to jail🤡🤣
@@neric37 Julian Assange is free... what's your point?
@@DontMansion None of that is true 😂 I know the western judicial system isn't as sophisticated as just throwing people out of open windows or straight up murdering people in their homes along with their families 😂
Musk is only one of the richest men with a key social media platform and essential defence communications network . Yeah Joe average .
Who feels comfortable parking your money in BRICS assets or banks ?
Imagine having your life savings in a Russian or Chinese Bank.
Having your life savings in the USA? 2008
@@wekiyajunk4139 I did. And it's still there. What are you talking about?
Who in the right mind will put $$$ with the US which can be Stolen 😂😂😂
Their money is based on GOLD. USD IS BASED ON ... ... NOTHING
Imagine saving your money in American Bank - Pecker woods would steal , you know that.
A lot on the BRICS plate all at once , ultimate the more the merrier once things are more formally organised . Things must be done properly but I don’t think there is need for much delay .
I think BRICS want to avoid a rowdy scene where members insult and bicker with each other.
Control who they let in.
brics: “if you want your dollar back, then you will have to cooperate. right?”
USA: “W R O N G”
Why are you worry and who care what happened with it? This post is like someone is not happy or is worried about devaluing.
Replace the US dollar with what? And on what would you base the replacement currency?
do 1 minute research before vomitting ur ideas online ??? Brics currency will be backed on Gold standard as its always been, u wann back dollars on other dollars instead? Wow sounds so logical and trustworthy, u must be a small boy or Big Bot.
@@Jesus_was_God😂😂😂
@@Jesus_was_GodThen what happen to yuan,rupees,rubles?😂
@@Jesus_was_Godwho do you think has the largest gold reserves 😂 you gonna have emotional damage when you find out it’s USA
@@NatureWonders709
Nothing can best gold.
However being the Industrial Superpower, Chinese Yuan will definitely replace US dollar eventually.
Is US$ being printed in great quantity and what is the size of US national debt ?
What is Vietnam and Indonesia waiting for? 🤷♂️ For better offer?
Then no worries, just ignore them, no need to publicise
Hiw about. MALAYSIA?
Imposing sanction is outlawed in BRICS--meaning India cannot sanction China even if the latter invades her?
A country can impose sanction only on their own people, not people of other countries.
It means India can impose restrictions on Indians in India, not on Americans in America.
Only the United States can impose sanctions on Russia and everyone in the world is curtailed, except Americans and their friends, of course.
@@thulomanchay The majority of the sanctioned countries support when America sanctions the dictatorship, though
@@MorsanMoti
What do you mean by support?
The countries say "Yeah, that is good, _______ deserve it."
Or,
they comply without a squeak?
@@thulomanchay Russians happy that Putin should be sanctioned, be gone--despite they are repressed
Also they haven't started yet, when they start, things will go fast just wait and see.
Been waiting for 100 years and yall still yapping.
Its not going fast.
Its just to establish a workable system for any country to trade internationally, without them being subjugated to any country.
how much are dollars selling for on the streets of st petersburg and moscow today? 200 roubles for one?
😂😂😂its amazing that the same people hailing the Brics dedollarization have no clue that that means their Yuanization. Switching masters isn’t freedom.
More freedom in Russia then America
@@LastStitch 🤣😂😂
@@LastStitch😅😅😅😅lmao
@@LastStitchwhat planet are U on? Russia has become a fascist nightmare.
Chinese master is lesser then two evils
The canine who is happy when he changes one master for another will forever be a canine whose bark is worse than his bite!
That's is what gonna kill it...its own strength
The existing global threat / habitual bully is so very worry about the " hallucinatory " potential growing threat ?
Different principle and moral standard dude.
Always in a hurry, wait for the summit. Patience is a virtue.
The effects of this type of changes are not immediate, the de-dollarization led by BRICS is just one point of many many others whose effects are designed to take effect in the long term.
ur dreaming
The results will only be seen >10 years later. It's a long game.
Bahahaha.
Same handful of clown countries hoping for americas downfall that there was 50 years ago.
Keep coping kids. Bahahaha
This is west propaganda Chanel always false news
Poor serbian crying😂😂
LoL keep crying
@@NatureWonders709 the dollar is so expensive that US goods are too expensive, which makes them not competitive
No BRICS currency announced yet why stopped expansion
The gig is up, even BRICS has to abide by US sanctions. These people are having pipe dreams.
It’s the beginning of the end of the dollar dominance There is room for two .
Potential BRICS countries: Yay! We just got out of thr dollar.
BRICS: Yes. Now use the Yuan.
Potential BRICS countries: 😮
BRICS: You can use the Yuan, Rupees, or Ruble, and if there's agreement you can use the Singapore Dollar.
Nope. The yuan will be the standard of BRICS. They just tell you that you can use your own currency. Just like China backstabbing everyone even the BRICS itself
IT TAKES TIME IT WILL NOT HAPPEN OVERNIGHT, THE DOLLAR WILL BE DESTROYED ITS A MATTER OF WHEN.
De-dollarization has skyrocketed and continues to do so I genuinely have no clue what you're rambling about. With current projections by 2030 the US dollar will make up 49.23% of the global currency.
Expansion for the sake of expansion brings with it fissures and lesser interests, as the EU can attest. BRICS+ should focus on their foundational purpose.
This will be interesting if BRICS requires military intervention if one of the countries is attacked
Nothing will work without alternative currency system. They need to double down their efforts reducing dependency on western financial system.
A BRICS currency isn’t necessary really. If you wanna do away with the dollar system, countries just need to keep doing bilateral trades with each other in their own respected currencies.
Crux didn't talk about dedollarazation now they tell u the dollaris strong
Dollar strong ? It’s no longer the petro dollar. 😂😂😂
Gadaffi is happy now 🎉😂
wake up 😅😅😂
1 Dollar=
80 Indian ruppes😂
90 Russian rubles😂
You can print putler on toilet paper roll, it will have the same value as rubel. 😂
@@pabloboy6491 US Dollar is crushing unfortunately, better by the Rubles.
You seem scared lol
@@pabloboy6491you printed dollars so US have the biggest debt in the world. Americans live not because they more eficcient but because they are sсаmmеrs. US print money and live because of other nations. In fact doollar costs a toilette paper.🤡
@@Peter-xg5fq The article literally says it's still strong despite "de-dollarisation" 😂 Translation: BRICS ain't sh*t 😂
Nothing last forever.
Brics should push on with a common currency. Even the US going to sanction the brics nation. In the long run any nation wish to trade with brics members are force to use the brics currency.
A new world formation takes some time. Trade and monetary system need many trials and adoptations. The military alliance will be challenged by the contenders as well as introducing high tech weapons, new world security union, and judiciary institute.
More regional conflicts are inevitable. Many voiceless countries try to find profiting holes.
Bricks Gold backed should Only trade with Gold backed Currency..Dont trade or sell Computer chips To Non Gold backed Country's
Yes dollar really strong. Strongly in debt.
Ye sure cuz stuff like that will happen in two weeks 🤦
*still strong
Dictators will fall . History always repeats itself . No one ever learns . I thought Putin was a history buff ?
What about we all just do gold flakes as payment
Poor Pakistan beg Dollars from IMF😂
They have a swap of Yuan.
But Yuan can buy goods from China😂
Wishfull dreams or rather sweet dreams😂😂😂
De dolarizatiin will not happen over night
Of course they will join my country already in debt of 15 trillion US dollars but we have resources yet we can't afford to decrease it's ammount it means US dollars eill only give you more debt
Why modi’s pic not included? Is India shy? Or ashamed ? Or hiding behind behind Putin or behind hidden agendas? 😅
Urrrra❤
Russia is just using them !🤔😱🤣🤣🤣🤣🤣 They dont even know what russia are upto!.. downing such ye dollar?? 🤣🤣🤣🤣 Cant do that by what? Rubles?? Yuan.? Give me a break!!🤔🤣🤣🤣🤣🤣🤣🤣🤣🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸💯💪💪💪💪💪💪
US DOLLAR is a honda dio and mountain dew of the entire universe which never own second only own first position.
economy of US Plus EU is 50 trillion dollars ball park.. PPP economy of BRICS is $60-65 trillion dollars, If the dollar is dropped and the PPP becomes the Nominal economy there will be boost in the economies of the global south. Settlements can be tied to an international unit pegged to a basket of currencies and commodities.
OK, buddy! Whatever helps you sleep at night.
@@user-og8ln9ld5p You may not like what is being attempted but lets face it they are bound to try for an alternative, Dollar is highly overvalued and mismanagement by print dollars for domestic consumption and then weaponizing it all have contributed in various ways along with the above mentioned cause for most nations to search for an alternative.
CRUX feeding its troll army with wishful thoughts ☺
This super good news.
BRICS is keep continue growing and stronger.
So happy to see more more countries want to joins BRICS as member 👍🫶❤🫰👏👏
Nothing wow being led by a dictators like Pootin and Xi Jinping
poor countries that dont have a pot to piss in lmao
Even Japan dumping USA DOLLAR, it's not strong just artificial bump.
Transactional rate doesn't mean strong, Number of transactions and Amount is considered as strong.
World holds Dollar decreased to less than 50% and of that More than 50% r holded by BRICS.
INDIA says a word on Dollar, it collapses overnight 😂😂😂
Abey chu*, show Dollar holding by world over years chart. U will know, is it strong or collapsed.
Chart showing amt of Dollar transactions over year chart.
Dollar doesn't become strong if
Stupid CRUX says so 😂
All around the world want to be a bricks
Propaganda won’t save the dollars😂
Malaysia is a major one 👌👌
Gdp of 30dollars
Sri Lanka has higher GDP than Malaysia. 😂😂
@@bertronix182 hahaha 74 vs 400 billion 😂😂😂😂😂😂😂😂 no google there? LoL
@@myyra7080 nope 400 billion dollars 🤣🤣🤣🤣🤣🤣
@@choikof9725 Per capita thats super pathetic and low. And stop talk about google i bet you still have citizen without electricity, literally a 3rd world country :Ddd
Like if "u have reported this video" as spam. Fake news 😂 shouldn't be tolerated
BRICS means that Russia (before Wagner and now the Russian Armed Forces) will support the regime of that country and help destroy those who oppose it. In return, Russia takes the natural resources of that country for itself. This is not colonialism, but Russia's unconditional assistance
Yup. Unconditional assistance is another name of colonialism
Indian using Chinese bank😂😂😂😂
It seems West will emerge as winner and excel
Ye band ho gayi wo dunia
😂😂 SEE NO MATTER HOW YOU DO DOLLAR MENTAIN IT VALUE SUPREMACY
MOST OF IMPORTANT TRADE ON EARTH ARE NEED TO USING DOLLARS CURRENCY
MOST TOP RICHEST COUNTRIES ON EARTH USING DOLARS AND NOT RUBBLE AND YEN THAT'S SMALLERS VALUE
ASIA AND EUROPE AND NEED TO USED DOLLARS THAN YEN AND RUBBLE'S
RUSSIAN RUBBLE ARE SO LOW AND UNEQUIVOCALLY TO DOLLARS
Dollar STRONK my ARRRSEEEEEEEEEEEEEEEE That toilet paper won't even be worth the paper it's printed on soon. Russia's done a fantastic job. There should definitely be some cool criteria to join the elite club. 😎 The main one? Having some serious BALLS.
What your saying makes no sense. You do realize Russia is using a lot of man power and equipment on the war in Ukraine 🇺🇦. Which is setting them back 10 years or so . Real smart ?🤣 There dummies 😂lol Putin can’t win 🥇 and he knows it .
Poor iran beg dollars to buy medicine 😂
The only thing Russia has done a good job on is tanking it's economic foundations 😂 Only thing keeping it from going under completely is that it's squandering it's national reserve fund and pouring it into defence spending and contracts, which brings zero benefit to it's citizens - not a single extra school, hospital, highway, bridge, etc. And that money is very finite, when it runs out, russia's going to fall off a cliff economically, with zero new infrastructure to help it
well there already is, a country must not have imposed any sanctions on another country to apply to joining bric's :)
@@shuttlespace04 Well, well, looks like today's your stroke of luck because I typically ignore the clueless. But hey, let's enlighten you a bit about Iran - not just some random place, but a powerhouse in drug production and boasting one of the globe's top-notch healthcare systems. Now, contrast that with your beloved America, which... well, let's just say it doesn't quite measure up. And guess what? Iran's already ditched the dollar, so feel free to hang onto your useless greenbacks while your economy teeters on the brink of a $40 trillion debt disaster.
Dollar will crash. It is just a matter of time
And then you woke up
The dollar is too big to fail
I guess. I mean you spend 100 years predicting a pandemic, eventually it'll come
Too late you commies. If this idea had arisen in the 50s then maybe just maybe you would’ve had a chance 😂
until u die its not happening
BRICS overcapacity = g7 neo_colonials complaining
Dollar will loose strength first in USA then other countries will follow the trends.
Dont worry dollar will fall😂
Aata hai kya udhar kisko sambhalata hai mere dum pe
The more US wages the wars, the more depolarization speed up now
Bhai
brics poor countries = allied countries 90+ do the math 😂 brics literally throwing bricks 😂
Poor country while consist of china india russia. Yeah right😂
Could you really be that stupid?
Western countries only been rich at the expense of these poor countries because colonialism
😂😂they are poor countries cope up with the truth@@nashazzi8399
BRICS has failed lol😂😂😂
Pyramid building...
fun fact:NATO member Turkey also wants to join BRICS 😂
poor iran also brics now🤣🤣
@@NatureWonders709 usa is colapsing
I hope Türkiye does join BRICS. Türkiye doesn't belong in that coward alliance Nato. Türkiye is growing economically and militarily. China and Russia supports Türkiye joining.
The king 👑 US Dollar 💵 😛
They never agree to their failure
Loool… all brics currencies are totaly wortless, so they have no option at all!…😂😂😂
As of now the dollar being kept afloat by endless deficit spending, endless rate hikes and being the reserve currency. But as countries start de-dollarsing and doing bilateral trade with each other away from the dollar that’s when it starts to break. We’re already seeing cracks the size of fissures forming.
Even Euro couldnt defeat Dollar 🤩💪🇺🇸
Euro is puppet of Dollar it will go along Its Master Dollar.
Bhaag yaha se
De-dollarisation will take time. Countries who are wants to save the sovereignty from the blackmail by dollar they will join BRICKS.Dollar & Euro will go to hell after BRICKS currency started .
Slowly the world will realize that the dollar is going away and then it will fall HARD.
Going where?😂 To be replaced by what? 😂😂
There will still be countries that have the US dollar and they won't be allowed to dump it.
So they have to use the USD, and the money will keep on circulating.
China is playing the long game, very smart
Brics B mean Beggars😂😂
Hungry Poor Ethiopia also in brics member😂
Dont worry its a matter of time. But today's realty is US and EU is till begging all around the world of weapons and to protect their falling economy .
Dollar strong for short term only.
Not in long run.
In SE Asia, they are using local currencies. 😂
US dollar will fall soon either this year or early January of next year. It is coming. US Debt based economy will come to an end.
Poor Brics failed😂😂
Over 29 countries joining Brics. We’ll see who has the last laugh
Yo dude, pls go do some homework first ok 🙄
@@yvonnefurniss138 Over 13 Trillion American debt, will drag the dollar even further down. No more petrol dollar to keep its value. No International money will flow into USA. Scared of confiscation. Every action has a reaction, like the sanctions, do boomerang.
Even NATO member Turkey has interest to join BRICS 😂😂😂
CIA official
You will never beat the dollar no matter how hard you try and get emotional about it 😂😂😂😂 🇺🇸🇺🇸🇺🇸🇺🇸
Nerver say never.
Every previous reserve currency in the history of the world has lost its # 1 status, and so the USD will also. Question is timing.
@@Decoy0527 Sounds like you don't really know what you're talking about to me. Would you care to name any of these _previous reserve currencies?_
Wait and see for yourself wvavy. It will happen soon
@suilfisean before the usd, it was the British pound sterling, before that the French Livre, before the Livre the Dutch Guilder, and so on... all of them lasting an average of 100years as reserve currency. USD is pushing 80
Dollars’ fall will be Slowly but SURELY!
Brics cannot even think of attacking the US dollar. If The US dnd the Eu decides to block imports the economies of Brics will collpsev😂😂😂
You are right if US and EU block imports the Western economy will fall first . Because there will be no buyers for US and EU exports also AND Brics will 100% boycott trading of US dollars and Euros . On bricks banking system they will be able to carry out trades and transfer goods from non EU routs.
@@Marshall--Lyou dumb ? West can trade things within themselves they hold more than 60% of world economy 😂
@@Marshall--L it won't 🤣🤣because they can use non brica countries for the aupy chin frommAdia Saudis cannot give any more after the electric age it is a desert with businesses run and doing business for the west if they are sanctioned they go oof to no. Brics 🤣🤣
@@Marshall--L when others get secondary sanctions for trading with Brics 😂🤣🤣 no moron will join the imperial dictator run poor club of Brics having poor quality of life indeces 🤣🤣🤣
@@warsil3735bruh How about asean? Especially Vietnam,Thailand and Malaysia.This country is important economy partner.This is because,Of strategic place like Malaysia(Malacca strait).Thailand also so yeah if you guys really sanction Malaysia Thailand and vietnam..there is gonna be A REAL problem with EU and Usa