Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says

A German adept says that the BRICS economical bloc adding respective lipid giants arsenic caller members “is a strategical occurrence for China and Russia.” The BRICS leaders announced astatine their yearly acme past week that they person invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to articulation arsenic caller members.

BRICS Adding 6 New Members

Prof. Dr. Daniela Schwarzer, an enforcement committee subordinate astatine Bertelsmann Stiftung, an autarkic instauration based successful Germany, said successful an interrogation with Austria’s Der Standard paper that the BRICS economical bloc adding immoderate of the world’s largest lipid producers marks a strategical occurrence for Russia and China.

“Schwarzer is regularly consulted arsenic an adept and argumentation advisor. She is presently a subordinate of the moving radical convened by the French and German governments connected reforming the EU,” Bertelsmann Stiftung described. “She besides advised France and Poland during their respective EU presidencies and was a advisor to the French premier minister’s Centre dʼAnalyse Stratégique.”

Schwarzer was quoted by Russian quality outlet Tass arsenic saying Friday:

The enlargement of the BRICS radical is simply a strategical occurrence for China and Russia … being joined by 3 of the world’s largest lipid and state exporters … Iran, Saudi Arabia and the United Arab Emirates.

Western leaders “must recognize this enlargement arsenic an effort to found a superior counterweight to the G7, whose stock of the planetary GDP is steadily declining,” she emphasized.

The BRICS nations (Brazil, Russia, India, China, and South Africa) wrapped up their 15th yearly acme past week. At the decision of the summit, the BRICS leaders announced that they person invited six countries to articulation the economical bloc: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE). According to Russian Deputy Foreign Minister Sergey Ryabkov, each six countries person said “yes” to membership, which volition commence connected Jan. 1, 2024.

After the BRICS summit, Belarusian President Alexander Lukashenko told reporters that portion helium believes “Western hegemony has not ended yet,” the enlargement of the economical bloc “is a beardown measurement successful this direction” and “a precise beardown measurement towards a multipolar world.” According to South Africa which hosted the BRICS acme this year, Belarus is among the 23 countries that formally applied to articulation the BRICS group.

In their declaration released Thursday, the BRICS leaders stressed the value of encouraging the usage of section currencies successful planetary commercialized and fiscal transactions — a determination that volition trim their reliance connected the U.S. dollar.

Do you hold with Schwarzer that the BRICS economical bloc adding lipid giants arsenic caller members is simply a strategical occurrence for Russia and China? Let america cognize successful the comments conception below.