Archives BRICS - Page 14 of 16 - New Eastern Outlook

Two countries, Egypt and India, have become models of mutual cooperation and understanding, thus providing a remarkable instance of regional autonomy in an age when the international community is becoming increasingly polarized. These two nations joined forces in many areas, in a bid to create a unique model of regional independence and play a significant role on the global stage. And since both Egypt and India are members of internationally respected bodies including the SCO and, soon, BRICS (Cairo’s membership of the latter group awaits confirmation)…

The United States leadership is squirming to resolidify ties with parts of the world that either bombed, invaded, or marginalized in recent decades. The prime example of marginalization is India. However, without the current gigantic trade surpluses boosting Indian confidence in America, Prime Minister Narendra Modi will have to do much less tightrope-walking between Washington and the emerging multipolar world. Since the end of the Cold War, India has practiced a multi-aligned foreign policy. This may soon change. It’s no secret that Indian businesses are raking in billions on discounted Russian crude oil. According to the latest reports…

In recent months, the USA has stepped up efforts to discredit the New Development Bank (NDB), which, in addition to the five BRICS countries, includes Egypt, Bangladesh, and the UAE, while about 20 other countries are candidates to join. The reason for this activity on the part of Washington is simple and clear. The Americans want to slow down the process of forming an alternative global financial infrastructure. China is working to shift its commerce away from the dollar and has absolutely no intention of stopping…