Renewal of Divisions Within BRICS Resurfaces Prior to Crucial Expansion Deliberations

The BRICS summit, taking place in Johannesburg from August 22-24, is centered around the expansion of the bloc and its significance on the global stage. China’s President Xi Jinping emphasizes the importance of the choices made during this critical juncture in human society. However, tensions between China, Russia, and the United States have caused divisions within the group. Despite not attending the event, President Xi’s remarks highlight the need for the BRICS countries to come together and challenge Western dominance. Brazil’s President Luiz Inacio Lula da Silva expresses a different viewpoint, stating that they simply want to organize themselves rather than be a counterpoint to the G7 or G20. Alongside the debate on expansion, the summit also focuses on reducing dependency on the U.S. dollar by increasing the use of local currencies in trade and financial transactions. Russia’s President Putin, though unable to attend in person, asserts that the de-dollarization process is gaining momentum. The BRICS summit brings together a diverse group of countries with differing views, making decision-making a challenge. While China and Russia seek to expand membership, India maintains an open mind, and Brazil is cautious about diluting its influence. Over 40 countries have shown interest in joining BRICS, with nearly two dozen formally requesting admission. However, no new members are expected to be admitted during the summit. The BRICS bloc aims to become a champion for the developing world and provide an alternative to the dominant Western world order, a sentiment that resonates with many countries.

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