The BRICS summit which positions itself as an alternative to the G7 wrapped up recently, where it announced its first expansion in 13 years. But will it really be able to tackle the biggest economies in the world? And what is China looking to gain from it?
While Russia’s invasion of Ukraine has proven how closely the West can work together when needed, it has also shown that not everyone is satisfied with the U.S. led order.
This is where BRICS comes in, a collective of Brasil, Russia, India, China and South Africa who are starting to say enough is enough to the U.S. and its allies.
And more importantly perhaps, to the U.S. dollar.
But do these countries have enough sway to really challenge the G7, and with China far and away the largest competitor, what is its role in the group?
