Archives BRICS - Page 20 of 20 - New Eastern Outlook

Brazil’s Luiz Inacio Lula da Silva has called on BRICS nations to create an alternative to replace the dollar in foreign trade. Other experts suggest President Joe Biden’s policies will destroy America’s middle class for good. The news comes when China and Russia strengthen ties with Brazil and Latin America. Brazil’s leader questioned the institution of the U.S. dollar as the world’s trade currency in the first place and asked why each country could not trade in its currency. This brings to the forefront the historical moment when the gold standard was abolished in favor of the current system. When President Richard Nixon moved to abolish the gold standard…

Following the 20th National Congress of the Chinese Communist Party (CCP) and the parliamentary “Two Sessions,” the Chinese leadership’s involvement in the area of foreign policy has increased in recent weeks. The global optimism of such action stands in stark contrast to the increasingly paranoid and aggressive rhetoric…

Following the launch of Russia’s Special Military Operation (SMO) in Ukraine, India’s senior authorities did not openly denounce Moscow and adopted a more measured approach to the situation. The neutrality of New Delhi is primarily attributable to the fact that Russian-Indian ties have long been cordial. Russia and India are BRICS...