Russia as Brics Chair of 2024: New Des-Dollar rules for accession!
Russia as Brics Chair of 2024: New Des-Dollar rules for accession!
in a world in which geopolitical alliances experience constant change, the BRICS block has developed into a significant force on the global parquet. The upcoming Russian chairmanship of the BRICS has now announced new standards for potential new members: the so-called de-dollarization rules. This regulation is intended to ensure the introduction of new standards for countries that want to join the alliance.
Brics, the abbreviation for Brazil, Russia, India, China and South Africa, has grown exponentially in recent years. The year 2023 marked a significant expansion of the block with the recording of four new countries for the first time in over two decades: the United Arab Emirates, Egypt, Ethiopia and Iran. This expansion shows that the alliance strives to assert itself against the dominance of western business powers.
new standards for a new era
The decisions that the Brics block makes aim to reduce the economic power of the United States-in particular that of the US dollar. Russia, which held the chair in the coming year, presented these new rules. Sergey Ryabkov, the deputy foreign minister of Russia, recently explained the requirements for new BRICS candidates.
Ryabkov made it clear: "It is necessary to pursue a sovereign policy, play an important role in international and regional affairs, to build good neighborly and friendly relationships with the BRICS countries and not to participate in illegitimate sanctions against the members of the association." These requirements are intended to ensure that potential members share the values of the block, especially with regard to global financial issues.
In view of the large international stage that Brics has entered in the past two years, the introduction of the de-$gization rule in view of the enormous challenges and the growing meaning of the block seems only consistent. These changes come at a time when the block wants to emphasize its independence from western financial structures, which for intensive discussions watcher.guru reports led.The determination of these new standards emphasizes the importance of a coherent and independent policy within the block. For countries that want to join BRICS, this is an important development that could significantly influence their attitude in international relationships. The pressure to detach yourself on the dependency on the US dollar will undoubtedly result in complex geopolitical dynamics. The future will show which new member countries are willing to face these high requirements.
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