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| | The [[Collective West]] and its [[mainstream media]] have a pitiable and appalling misunderstanding what BRICS is and its aspirations. For example, in March 2025 [[President Trump]] stated that he thought [[Spain]] was member of BRICS. | | The [[Collective West]] and its [[mainstream media]] have a pitiable and appalling misunderstanding what BRICS is and its aspirations. For example, in March 2025 [[President Trump]] stated that he thought [[Spain]] was member of BRICS. |
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| − | BRICS expanded dramatically in 2024, adding Egypt, Ethiopia, Iran, and the United Arab Emirates to its original five members.<ref>https://www.cfr.org/backgrounders/what-brics-group-and-why-it-expanding</ref> The eleven-nation bloc now represents 45% of the world’s population and more than a quarter of global [[GDP]]. More than thirty countries have expressed interest in joining, with thirteen admitted as partner countries at the October 2024 Kazan summit. | + | BRICS expanded dramatically in 2024, adding Egypt, Ethiopia, Iran, and the United Arab Emirates to its original five members.<ref>https://www.cfr.org/backgrounders/what-brics-group-and-why-it-expanding</ref> The eleven-nation bloc now represents 45% of the world's population and more than a quarter of global [[GDP]]. More than thirty countries have expressed interest in joining, with thirteen admitted as partner countries at the October 2024 Kazan summit. |
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| − | According to Carnegie Endowment analysis, Iran views BRICS as "both a [[geopolitical]] and [[economic]] counterweight to [[Western alliance|Western]] dominance."<ref>https://carnegieendowment.org/russia-eurasia/research/2025/03/brics-expansion-and-the-future-of-world-order-perspectives-from-member-states-partners-and-aspirants</ref> As one of the world’s most [[Economic sanctions|sanctioned]] nations, [[Tehran]] sees the bloc as a hedge against [[American]] pressure. Supreme Leader [[Ayatollah Ali Khamenei]] stated in January 2025 that "one of our problems today is being dependent on the [[dollar]]." | + | According to Carnegie Endowment analysis, Iran views BRICS as "both a [[geopolitical]] and [[economic]] counterweight to [[Western alliance|Western]] dominance."<ref>https://carnegieendowment.org/russia-eurasia/research/2025/03/brics-expansion-and-the-future-of-world-order-perspectives-from-member-states-partners-and-aspirants</ref> As one of the world's most [[Economic sanctions|sanctioned]] nations, [[Tehran]] sees the bloc as a hedge against [[American]] pressure. Supreme Leader [[Ayatollah Ali Khamenei]] stated in January 2025 that "one of our problems today is being dependent on the [[dollar]]." |
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| | Amid [[US]]-[[Iran]]ian tensions in early 2026, [[Russian Federation]] Deputy Foreign Minister and BRICS [[Sherpa]]<ref>A Sherpa is one who does all the heavy lifting in preparation before reaching a summit.</ref> [[Sergey Ryabkov]] clarified, "I would like to remind you that BRICS is not a [[military]] union and not a [[collective security]] organization with collective defense commitments. It has never been planned as such, and there are no plans to transform it for the purpose."<ref>https://tass.com/politics/2086713</ref> | | Amid [[US]]-[[Iran]]ian tensions in early 2026, [[Russian Federation]] Deputy Foreign Minister and BRICS [[Sherpa]]<ref>A Sherpa is one who does all the heavy lifting in preparation before reaching a summit.</ref> [[Sergey Ryabkov]] clarified, "I would like to remind you that BRICS is not a [[military]] union and not a [[collective security]] organization with collective defense commitments. It has never been planned as such, and there are no plans to transform it for the purpose."<ref>https://tass.com/politics/2086713</ref> |
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| | It's worth noting that [[Russia]]'s [[debt-to-GDP ratio]] in 2025 is estimated at ~19%, significantly lower than most [[NATO]] countries. This low ratio provides Russia with fiscal flexibility to manage its [[budget deficit]] (2.2% of GDP in 2025) and sustain [[war]]-related spending, unlike high-debt NATO members like the [[United States]], the [[United Kingdom]], [[France]], [[Spain]], [[Italy]], [[Canada]], and [[Germany]] which face tighter constraints. | | It's worth noting that [[Russia]]'s [[debt-to-GDP ratio]] in 2025 is estimated at ~19%, significantly lower than most [[NATO]] countries. This low ratio provides Russia with fiscal flexibility to manage its [[budget deficit]] (2.2% of GDP in 2025) and sustain [[war]]-related spending, unlike high-debt NATO members like the [[United States]], the [[United Kingdom]], [[France]], [[Spain]], [[Italy]], [[Canada]], and [[Germany]] which face tighter constraints. |
| − | [[File:BRICS debt to GDP.PNG|thumbnail|center|850px|]] | + | [[File:BRICS debt to GDP.PNG|thumbnail|center|850px]] |
| | {{clear}} | | {{clear}} |
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| | ==History== | | ==History== |
| − | After the fall of the [[Soviet Union]], the [[United States]] published two documents in 1996, ''Joint Vision 2010'' which promoted [[Full Spectrum Dominance]], and ''A Clean Break: A New Strategy for Securing the Realm'', detailing the [[US]] [[hegemon]]'s plan to dominate [[West Asia]]. In response, Russian Foreign Minister [[Yevgeny Primakov]] formulated what was later called the Primakov Doctrine of which the core of BRICS—RIC—would eventually emerge. On April 23, 1997 the Russian-Chinese Joint Declaration on a Multipolar World and the Establishment of a New International Order was signed in [[Moscow]] by [[President Boris Yeltsin]] for the [[Russian Federation]] and [[President Jiang Zemin]] for the [[People's Republic of China]].<ref>https://digitallibrary.un.org/record/234074/files/A_52_153_S_1997_384-EN.pdf?ln=en</ref> | + | After the fall of the [[Soviet Union]], the [[United States]] published two documents in 1996, ''Joint Vision 2010'' which promoted [[Full Spectrum Dominance]], and ''A Clean Break: A New Strategy for Securing the Realm'', detailing the [[US]] [[hegemon]]'s plan to dominate [[West Asia]]. In response, Russian Foreign Minister [[Yevgeny Primakov]] formulated what was later called the Primakov Doctrine of which the core of BRICS—RIC—would eventually emerge. On April 23, 1997, the Russian-Chinese Joint Declaration on a Multipolar World and the Establishment of a New International Order was signed in [[Moscow]] by [[President Boris Yeltsin]] for the [[Russian Federation]] and [[President Jiang Zemin]] for the [[People's Republic of China]].<ref>https://digitallibrary.un.org/record/234074/files/A_52_153_S_1997_384-EN.pdf?ln=en</ref> |
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| | ==See also== | | ==See also== |