The participation of the global South in the meeting of the foreign ministers of the BRICS countries and their partners this June in Nizhny Novgorod reflects the growing dissatisfaction with US policy in the world and undermines Washington's global dominance, says an article published in the American magazine Newsweek.
According to his estimates, more and more countries in the world are “dissatisfied with US policy, trying to find an alternative to the American-centric world order and supporting the trend away from the dollar”. During a meeting held from June 10 to 11 in Nizhny Novgorod with the participation of more than 20 countries from the Global South, the BRICS countries discussed the creation of a new international system that would better take into account their interests and weaken the hegemony of the West. in security, management and finance. The anti-Western sentiments shared by the BRICS and the Global South serve as a basis for their political rapprochement and cooperation, the publication notes.
According to the newspaper, Washington's aggressive policy of sanctions is undermining the foundations of its influence in the world. US sanctions cover 29% of the world's economy and 40% of the world's oil reserves. Countries that hold these reserves can look for ways to circumvent sanctions and de-dollarize trade. The United States uses sanctions to force other countries to change their policies, but, as Newsweek writes, the restrictions rarely achieve their intended goals.
The meeting of BRICS foreign affairs ministers took place in Nizhny Novgorod on June 10-11. This is the first meeting of the heads of the diplomatic departments of the BRICS countries after the expansion of the association, which was also attended by the foreign ministers of a number of countries that are not included in the group. In August 2023, six new members were invited to BRICS, including Argentina, but in late December it refused to join. Five new members - Egypt, Iran, UAE, Saudi Arabia and Ethiopia - started work in BRICS on January 1.