BRICS’ Expansion Is Beneficial But It Also Isn’t Without Strategic Challenges
Andrew Korybko- As BRICS enters a new era after its latest expansion, its members must not let their growing differences impede the group’s work on advancing their shared goal of accelerating financia
It’s too early to say whether the scenario of BRICS broadly bifurcating into yuan- and non-yuan-using members will come to pass, but it can’t be ruled out since India prefers its own currency for obvious reasons while others are afraid of facing the US’ wrath if they help the yuan replace the dollar. As BRICS enters a new era after its latest expansion, its members must not let their growing differences impede the group’s work on advancing their shared goal of accelerating financial multipolarity processes.
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