The two-day BRICS summit is taking place in Johannesburg, South Africa, and includes heads of state from aspiring members such as Iran and Saudi Arabia as the bloc looks to expand.
"Led by Russia and China, the BRICS was founded with the primary mission of replacing Western-built and dominated financial architecture with an alternative, non-Western one and to counter U.S. and Western geopolitical influence," Koffler said.
Koffler argued that the plans to create a BRICS currency arose from frustration with the U.S. weaponizing its currency to punish countries it disagreed with or opposed politically. "Higher prices on everything we import from other countries: higher taxes, higher inflation, higher rates on loans, unemployment, you name it," she added, saying that"Russia and China’s propaganda is precipitating this trend."Overall, around 1,200 delegates from the five BRICS nations and dozens of other developing countries are expected in Johannesburg, including more than 40 heads of state, according to South African President Cyril Ramaphosa.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China, Russia-led bloc wants to dethrone US dollar, upend world orderThe China, Russia-led BRICS bloc aims to challenge the U.S. by creating an alternative currency to the dollar. The group, including Brazil, India, South Africa, to meet this week.
Weiterlesen »
Booming China-Russia Trade Sends Trench-Digging Machines to Ukraine’s Front LinesMutually-beneficial ties have given Moscow a customer for its oil and gas and made China the world’s top car-exporting nation.
Weiterlesen »
Anti-Putin Russians in Serbia seek new life among Putin-curious locals'Speaking realistically, I might not return [to Russia] for the rest of my life,' anti-Putin emigree in Serbia says.
Weiterlesen »
Fires threatening two cities in western Canada under control but residents 'not out of woods'Firefighters have kept wildfires at bay near the capital of Canada’s Northwest Territories as well as a threatened city in British Columbia, though no one is claiming victory
Weiterlesen »
Parts of western U.S. expecting record rains as storm moves northHilary could wallop other Western states with once-in-a-century rains, with a good chance of it becoming the wettest known tropical cyclone to douse Nevada, Oregon and Idaho.
Weiterlesen »
Yellowknife residents wonder if wildfires are the new normal as western Canada burnsNearly all 20,000 residents of Yellowknife, the capital city of the Northwest Territories, have evacuated, while thousands more in neighboring British Columbia have fled, too.
Weiterlesen »