Pak Sahafat – Referring to the joining of Saudi Arabia, Egypt and the United Arab Emirates to the BRICS group, the Bloomberg news site called it the approach of Washington’s allies to the orbit of Russia and China.
According to the report of Pak Sahafat News Agency International Group, Following the BRICS group’s decision to add 5 new members including Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia to this group, the Western media are investigating and analyzing this important action and its strategic and geopolitical effects in the international arena.
Bloomberg news agency wrote in an analysis in this regard: Some of the allies of the United States of America in West Asia, including the largest oil exporter, are getting closer to the orbit of China and Russia; An action that will increase geopolitical complications, especially after Russia’s military attack on Ukraine.
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Multipolar system, the definite consequence of the expansion of BRICS members
This report added: Saudi Arabia, the United Arab Emirates and Egypt, after being invited during the BRICS summit in South Africa, are going to join this large emerging market consisting of five countries: Brazil, Russia, China, South Africa and India. These countries, along with Iran, Argentina and Ethiopia, are supposed to become members of this group on January 1, 2024.
Referring to the issue of replacing the dollar with national currencies, Bloomberg wrote that with the arrival of new countries, BRICS members will probably try to find alternatives to the dollar in their business transactions.
The idea of ​​creating the BRICS group with the proximity of 4 emerging economic powers of the world, including Brazil, Russia, China and India, was formed during the height of American unilateralism in the mid-1990s. The history of the formation of this group, with the presence of 4 founding members, goes back to 2001, and finally “Break Group” was officially established on June 16, 2009. South Africa was also added to this group on September 21, 2010, and its name was changed from “BRIC” to “BRICS” after this country joined.
BRICS is a symbol of “regime-building and new structuring on the international stage” that is being developed by the emerging powers and against the G7 group. BRICS Bank was also established in 2015 under the name “New Development Bank”. Currently, this group has the largest share of global GDP (31.5%) compared to other economic blocs, including the Group of 7 (30.7%). 46% of the world’s workforce, a quarter of the land area of ​​the earth, about 40% of the world’s population (3 billion and 187 million people in 2021) belong to the current members of this group. At the 2023 Johannesburg Summit, in addition to the 5 main countries, the heads of 70 other countries have been invited to participate in the summit, and none of the main western countries are on the list of invitees.