Efforts by the United States and its Western allies to punish Russia with sanctions are failing as the BRICS alliance grows stronger.
The recent BRICS Summit in Kazan demonstrated that trying to isolate Russia in this manner in 2024 is a bit outdated. It turns out that Russia has many more supporters on the world stage than in times past, and these supporters are tired of the "sanctions wars."
Delegates from some 35 countries in Asia, Africa, the Middle East, Europe and Latin America convened alongside representatives from the United Nations (UN) and other organizations to discuss various matters related to BRICS and its recent expansion.
"The 16th BRICS Summit in Kazan was, without exaggeration, one of the most significant international events not only this year, but in recent times," commented Russian Foreign Minister Sergey Lavrov.
Summit participants reportedly all agreed that the atmosphere at the event was one of "friendship, openness, and mutual respect." While there in agreement with one another, participants adopted the Kazan Declaration.
"Among other things, it clearly sets out the commitment of the participating countries to promote positive changes in the global economy and politics with the aim of creating a more just and balanced world order, reform global governance institutions and effectively address global issues," Lavrov said about the Declaration.
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Modern finance is changing
Another major focus of the BRICS Summit was the adoption of a new global financial system that is not run by the U.S. and NATO. "Modern realities," the participants agreed, necessitate changes to the global scheme of money and trade, especially in developing countries that are seeking to join BRICS in the hopes of improving their economic standing.
Part of the process involves figuring out how to utilize the various nations' national currencies for mutual settlements in trade. There also needs to be independent payment platforms that all participating countries can use to conduct transactions, not to mention insurance mechanisms to back and protect all involved.
Once the plan fully takes shape, BRICS will have at its disposal a payment instrument that Lavrov says is "not subject to external risks." Many non-Western states, he added, are showing "increased interest" in participating.
The heads of delegations from countries in the so-called Global South "openly expressed indignation at the U.S. authorities' increasingly strong line in recent years on using the dollar as an instrument for waging sanction wars against those states whose policies, for one reason or another, the Americans did not like."
Concerning how BRICS will handle new "partner country" status, Lavrov explained that while the criteria of the plan was approved in Kazan, work is still underway on the issue itself. The results of that work should be available before the end of 2024, he says.
"The BRICS Summit proves there's a brand new club," a commenter wrote about these latest developments in the East. "And America, you ain't in it."
"The BRICS Summit in Kazan just highlighted that BRICS is the future," added another. "The forthcoming collapse of the USD little GBP and euro is their own demise. They dug their own hole."
Another pointed out that the West's efforts to isolate Russia are only isolating the West, which appears to be shrinking in size, scope, and influence over world affairs.
"Low-octane, non-critical-thinking EU leaders have proven they are excellent at isolating themselves," this person said.
"We have two clubs now," suggested another. "The Kazan Declaration looks very G20."
"I hope the BRICS+ group are totally honourable because the Western ethos is lie, cheat, and steal ... and always cause terrorism," wrote another.
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