Indian writer S.L. Kanthan explains why BRICS 2023 may be marked as “the historic event that changed the 21st century” and even ushered in a multipolar world, ushering in a period of justice, equity, prosperity and peace.It was considered in an article he wrote for
“Sputnik” Hindi versionThe 15th BRICS Summit is a revival of the 1955 Bandung Conference, which brought together Asian countries to establish a post-colonial framework for development and peace.
6 countries join BRICS strategic options
Confirm. Kanthan An
Accession of 6 countries The BRICS economic bloc at its 15th summit (Egypt, Ethiopia, the UAE, Saudi Arabia, Argentina and Iran) are all strategic choices, indicating that Saudi Arabia and Iran represent not only two giants of natural resources, but also the victory of the peaceful vision over the “divide and rule” policy practiced by imperialism.
“The West has fueled the Sunni-Shiite and Arab-Persian divide for decades, and then, thanks to China, it has been able with Iran to achieve rapprochement and embark on a new path of cooperation and diplomacy, and adding Iran to the BRICS is a slap in the face to Western sanctions, which are imperialist and immoral.”
“Moreover, thanks to the UAE, another crucial player in the Middle East, the new BRICS+ group accounts for 45% of the world’s oil production and 50% of the world’s natural gas reserves,” Kanthan added.
Imagine if these oil-rich countries started trading oil in currencies other than the U.S. dollar, this would be the end of the petrodollar, which underpins U.S. hegemony, and even partial trade in other currencies, especially the Chinese yuan, would have a profound impact, and given that Saudi Arabia’s trade with China is three times larger than that of the United States, the widespread acceptance of the petroyuan is only a matter of time.”
“Argentina, a new member of the BRICS Group, is Latin America’s second-largest economy, rich in natural resources (lithium) and agricultural products (corn), Brazil has announced that it will accept China’s renminbi currency in exchange for its exports to Argentina, while India has just conducted its first trade with the UAE in Indian rupees and UAE dirhams.
In his article, S. L. Kanthan touched on two other members who recently joined BRICS, Egypt and Ethiopia, as he stressed that they also have great geopolitical importance, explaining that “Egypt has the largest army in Africa, while Ethiopia is the second most populous country in Africa, and its economy has grown 15-fold over the past two decades, and it enjoys a strategic location in the Horn of Africa.”