Archives India - Page 27 of 30 - New Eastern Outlook

The BRICS meeting in Johannesburg on August 22–24 has sparked a lot of interest around the world, which is debating what beneficial outcomes will come from this crucial forum. The focus is on analyzing and considering the admission of new BRICS members, including such a prosperous state as the United Arab Emirates. Why such a strong organization as BRICS has focused on this relatively small state with a population of roughly 10 million and an area of 83.6 thousand km raises some question.  The UAE is one of the world’s top oil producers, and oil and gas production together…

India led the 18th G20 Summit from September 9–10, 2023, in New Delhi for the first time. India has worked to depoliticize the discussion and keep everyone’s attention on critical topics such as energy, climate change, food security, and global financial, and economic stability as a responsible and significant state from the very beginning of its presidency. The G7 nations, particularly the United States, applied significant pressure to the Indian leadership to reflect reasonable positions in the final G20 event documents. These positions included criticism of Russia’s actions and the situation in and around Ukraine. The G7 nations even made…

Russia and China have long been struggling to establish a new world order, an order that will not have the West as its centre and the US dollar as the main currency shaping the global economic system. The new world order will be multipolar. Within this order, it will be possible to trade without USD. But while multipolarity and non-USD currency arrangements indicate some of the key features of the new order – and they are very important – they are not by themselves the mechanisms that could potentially yield a new world order. For a new order to become possible…