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SHIRSENDU KARMAKAR
BRICS countries sign a new agreement on joint International Lunar Research Station program Space agencies of China and South Africa signed a memorandum of understanding on cooperation at the International Lunar Research Station on September 1, marking South Africa’s formal participation in the program. The agreements will bring South Africa onto the team for China and Russia’s planned International Lunar Research Station. ©SHIRSENDU KARMAKAR #BRICS
SHIRSENDU KARMAKAR
An Expanded BRICS Brings Opportunities and Challenges for Russia Yevgeny Prigozhin’s sudden death took attention away from the much-hyped 15th BRICS Summit. This buzz came from the prospect of enlargement. Despite being a divisive issue within the bloc, at the 11th hour, an agreement was reached among members to invite Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to become part of the group. At a glance, BRICS seems mighty. Currently, it accounts for approximately one-quarter of the world’s GDP and over one-third of its population. These numbers will swell even more if the accession of the six new members does in fact take place. Yet history shows how the would-be bloc has struggled to translate these figures into true influence. ©SHIRSENDU KARMAKAR #BRICS
SHIRSENDU KARMAKAR
More Countries Flock To China’s Anti-US Dollar Alliance Ahead Of Major Meeting Nearly twenty nations have expressed interest in joining the BRICS economic bloc, ahead of the China-led group’s annual meeting in early June, Bloomberg reported Monday. The economic alliance — composed of the emerging markets of Brazil, Russia, India, China and South Africa — will consider its expansion at its Cape Town, South Africa meeting, after China first proposed the idea at last year’s meeting, which it hosted, according to Bloomberg. China economically dominates the bloc — which it is hoping to develop into a diplomatic and economic counterweight to the U.S.-led international economic order. (RELATED: ‘Increasingly Under Siege’: How Interventionist Foreign Policy And A Rising China Threaten The Dollar’s Dominance) ©SHIRSENDU KARMAKAR #BRICS
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