Tilting..

 

The BRICS summit ended on a positive note last month as the alliance took a historic decision to induct six new countries into the bloc. The six countries that will join BRICS are Saudi Arabia, the UAE, Argentina, Iran, Egypt, and Ethiopia. Five countries, except for Argentina, are oil-producing nations that control 42% of the global oil supply. Therefore, the BRICS expansion has ruffled feathers in the U.S. and the European Union, as the alliance is seen as a threat to the Western-dominated financial markets.

Reinhard Butikofer, the European Union minister from Germany, minced no words by saying that BRICS is establishing itself on matters of global importance. He stressed that all differences between the 11 member nations would be ironed out over time and that they would remain united. He warned that China’s influence will grow across all financial sectors, posing a significant challenge to the EU.

Europe is getting all the disadvantage of supporting US's sanctions in the long conflict of Russia/Ukraine, US containment of China, and the expansion of the economics of the BRICS.  Just a thought.