The BRICS nations are focusing on increasing their international roles and “improving coordination on key multilateral platforms,” the Russian Foreign Minister has 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.”
BRICS seeks to expand its global influence
Russian Foreign Minister Sergey Lavrov stressed the need for joint efforts to counter the “destructive actions” of Western countries on Monday at a meeting with ambassadors of the BRICS countries, Russian news agency Tass reported. The BRICS nations are made up of Brazil, Russia, India, China and South Africa.
According to a statement issued by the Russian Foreign Ministry at the end of the meeting:
Lavrov stressed the need for joint efforts to counter destructive actions aimed at destroying the established security architecture, undertaken in accordance with the neocolonial policies of Western countries.
During the meeting, the ambassadors discussed the development and strengthening of strategic alliances within the framework of the BRICS, the statement detailed. “Current issues on the global agenda were examined with an emphasis on the inadmissibility of eroding the central role of the United Nations,” the Russian ministry explained, adding:
There was a general focus on increasing the international role of the BRICS and improving coordination on key multilateral platforms.
In addition, Lavrov updated the BRICS ambassadors on the key points of Russia’s new Foreign Policy Concept, which highlights the desire for greater interaction within the BRICS and a vision of a multipolar world order. Then, the BRICS ambassadors reaffirmed their commitment to a multipolar world order that is based on respect for international law and recognizes 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 BRICS, which is now seen as the safeguard of true multilateralism, was noted.
The BRICS nations are reportedly working on creating a new form of currency, a topic expected to be discussed at the upcoming leaders’ summit. “The transition to settlement in national currencies is the first step. The next one is to provide the circulation of digital currency or any other form of a fundamentally new currency in the nearest future,” said Deputy Chairman of the State Duma 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 status of the USD 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 about the BRICS nations seeking more influence and uniting against the US dollar? Let us know in the comments section.
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