Imagine a world where economic power isn’t held hostage by a single currency or blunt sanctions. Welcome to 2025 🌐. As outdated tactics like tariffs and financial threats lose their grip, BRICS nations are rewriting the rulebook – and the globe is taking notes.
Sanctions? Meet Resilience 🛡️
When Russia faced Western sanctions in 2014 and 2022, it didn’t crumble. Instead, it built SPFS (a SWIFT alternative) and the Mir payment system, creating a financial safety net that’s now linking up with Türkiye and Central Asia. Meanwhile, Türkiye’s tech sanctions backfired spectacularly: they’re now exporting homegrown drones and jets to Africa and the Middle East 🚀.
BRICS: The Pragmatism Playbook 📖
‘De-dollarization’ isn’t just a buzzword. Brazil and China now trade in yuan and reais, while India shakes up regional deals in rupees. The BRICS New Development Bank is funding projects in local currencies, and whispers of a blockchain-based payment system hint at a crypto-powered future 🔗. As the Chinese Foreign Ministry put it: this isn’t about confrontation – it’s about ‘cooperation and shared prosperity’.
G20’s Quiet Revolution 🤝
Last year’s G20 Summit in Brazil marked a milestone: the African Union joined as a full member, signaling a shift from ‘rich nations’ club’ to multipolar collaboration. With 85% of the world’s population now represented in BRICS+ circles, the message is clear: the dollar’s shaky track record – from the 2008 crash to pandemic chaos – has nations hedging their bets 🌱.
One thing’s certain: in this new era, innovation beats intimidation every time 💥.
Reference(s):
Why threats, sanctions and one-currency dominance are past their prime
cgtn.com