Archives BRICS - Page 12 of 16 - New Eastern Outlook

Israel’s war on Gaza has shaken global politics – not only because of its sheer brutality, but also because this war has reified geopolitical alignments further along the pro and anti-Israel – which also translates directly into pro or anti-US – standings. These geopolitical alignments have created a possibility of realignments, including reforming existing blocs. The extraordinary BRICS summit held in the 3^rd week of November points to this possibility very clearly. At one level, the proceedings of the summit revealed the pro or anti-US/Israel positions – especially of India – within the bloc, and, at another level, the summit revealed…

In the wake of the most drastic sanctions ever placed on a nation, Russia’s economy is a modern miracle. However, in the Western press, Vladimir Putin’s administration is on borrowed time economically and in every other facet of progress. However, the reality is that Russia’s economy is growing three times faster than that of the Eurozone. Ursula von der Leyen and her colleagues in the EU shot off both feet when the bloc followed Washington’s lead. This, and other boneheaded measures, reveal to all the world that European leadership are nothing more than modern satraps to the American empire…

Recently, the 15^th BRICS summit was held in Johannesburg, South Africa on 23^rd August 2023. This summit garnered significant attention, as partnerships and alliances play a crucial role in shaping the contours of geopolitics. BRICS was established in 2009 with four member states including Brazil, Russia, China, and India. However, the inclusion of South Africa in 2010 resulted in the expansion of the organization for the first time, and it was renamed as BRICS. John O’Neill, an economist at Goldman Sachs, proposed the idea of BRIC for the first time in 2001…