BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’

BRICS Nations Push to Expand Global Influence to Counter the West"s "Destructive Actions"

The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the need for joint efforts to counter destructive actions aimed at destroying the established security architecture.” BRICS Seeks Expand Global Influence

Russia’s Minister of Foreign Affairs, Sergey Lavrov, stressed the need for joint efforts to counter Western countries’ “destructive actions” on Monday at a meeting with ambassadors from the BRICS countries, Russian news agency Tass reported. The BRICS nations consist of Brazil, Russia, India, China, and South Africa.

According to a statement released by the Russian Foreign Ministry at the conclusion of the meeting: Lavrov stressed the need for joint efforts to counter destructive actions aimed at destroying the established security architecture, being undertaken in line with the Western countries’ neo-colonial policies.

During the meeting, the ambassadors discussed the development and strengthening of strategic partnerships within the BRICS framework, the statement details. “Current issues on the global agenda were examined with an emphasis on the inadmissibility of eroding the central role of the United Nations,” the Russian ministry explained, adding: There was a general focus on increasing the international role of BRICS and enhancing coordination on key multilateral platforms.

Furthermore, Lavrov updated the BRICS ambassadors on the key points of Russia’s new Foreign Policy Concept, which highlights the desire for expanded interaction within the BRICS and a vision of a multipolar world order. The BRICS ambassadors then reaffirmed their commitment to a multipolar world order that is based on respect for international law and recognizes the sovereign right to choose one’s own path of development.

The Russian Foreign Ministry’s statement adds: The growing interest was noted of a wide range of countries in cooperation with BRICS, which is now seen as the safeguard of true multilateralism.

The BRICS nations are reportedly working on creating a new form of currency, a topic that is expected to be discussed at the next leaders’ summit. “The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future,” said State Duma Deputy Chairman Alexander Babakov. Several other countries have expressed interest in joining the economic bloc, including Argentina, Iran, Indonesia, Turkey, Saudi Arabia, and Egypt. South Africa will host the next BRICS summit in August.

Many people believe that the introduction of a BRICS currency could jeopardize the USD’s status as the world’s reserve currency. Economist Jim Rickards said last week that the U.S. dollar’s greatest enemy as the world’s reserve currency is the Treasury which has weaponized the dollar and frozen the reserves of Russia’s central bank. Citing a similar reason, investment manager Larry Lepard predicted that the U.S. dollar could lose most of its value in five years. Tags in this story brics, BRICS countries, BRICS currency, BRICS global influence, BRICS Nations, BRICS US dollar, BRICS USD

What do you think about the BRICS nations seeking more influence and uniting against the U.S. dollar? Let us know in the comments section below. Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. IMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased ECONOMICS | 9 hours ago Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters ECONOMICS | 15 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleIMF Economist Warns of Side Effects From Sharp Monetary Policy Tightening — Says Financial Risks Have Increased Next articleG7 to Discuss More Crypto Regulation and How to Help Developing Nations Introduce Central Bank Digital Currencies Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Argentinian Securities Regulator Launches Innovation Hub to Discuss Regulated Crypto Investments Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing