BRICS alliance: Oil state of Bahrain stands behind de-dollarization!

BRICS alliance: Oil state of Bahrain stands behind de-dollarization!

Bahrain - A dramatic power struggle unfolds on the international stage: the Brics Association, which quickly gains in global influence, now receives support from the oil-rich golf states. While the Allianz's expansion in South Africa was progressing at its 15th peak with the accession of oil export nations such as the United Arab Emirates, Egypt and Ethiopia, the world is still looking forward to an official answer to Saudi Arabia at his invitation to participate. For 2024, Brics takes over almost a third of the global oil supply, whereby Allianz aims to promote local currencies in cross-border transactions and thus challenge the US dollar.

Now Bahrain, another oil -rich giant from the Middle East, enters the game and explains his full support for Brics - despite a lack of invitation letters. "We are participating in the activities of the BRICS plus group," said the Bahrainian ambassador in Russia, Ahmed al Saati. With his firm participation in every BRICS Plus meeting, Bahrain makes it clear: Big happens here, and the world should know.

Bahrain's commitment to Brics

bahrain, although it was never invited as a “partner country”, shows with its constant presence that it is more than ready to be part of this growing economic power. "An invitation should come from the organization itself," said the ambassador, but Bahrain does not stop that, for example at the Nizhni Novgorod event, as he told the Russian news agency TASS.

With Bahrain's support, a new trend seems to be emerging: emerging countries with rich oil reserves are increasingly looking for alternatives to the western financial markets. The real question that is now arising is how much this change of course could endanger the western hegemony. While the situation is worried, one thing remains clear: the shift in power is in progress, and Brics could be the catalyst.