... related, again, to the long-standing imbalances rooted in the dominance of dollar and euro. An increase in the use of national currencies - such as renminbi, rubles, rupees... ... all above-mentioned areas and provide an additional impetus to cooperation within the BRICS framework. This in turn will strengthen the voice of nations, which are focused... ... Isn't that the essence of genuine multipolarity?
Source:
Embassy of Russia in the USA
... participants. The organisation worked exactly as long as its decisions brought benefits primarily to the developed countries like the USA and Europe. Similar stories can be told about almost any of the multilateral institutions, where the membership of the “older” ... ... will lead to a new, more just and equal world. Perhaps these decisions will be made within the framework of the G20 minus or BRICS plus, but necessarily by countries interested in real cooperation, and not in obtaining unilateral benefits. It is this ...
... against China, while the initiations in trade disputes and restrictions were led by the developed economies such as the US and the EU.
Large economies also tend to have significantly more allocations towards defence compared to small economies. Hard power tends ... ... case for creating a regional R20 composed of the regional integration blocs where G20 countries are members. Similarly, for the BRICS, a BRICS+ format that brings together regional integration arrangements where BRICS economies are members provides for smaller ...