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this post was submitted on 18 Oct 2024
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Sorry to say but “BRICS” is far from “made up nonsense” here in Brazil. There’s plenty of export and some industries that got a boost thanks to it, it’s a very real economic block. I don’t know why you would think that it is not real, especially now that we are setting up a payment system to avoid the dollar usage.
Oh really? Let's take China, the biggest economy in "BRICS". Here is the history of Brazil's trade to China. It has of course grown (probably mostly soybeans). You might think that growth is thanks to BRICS.
But wait, what's this? Canada's trade with China has grown even more? Is it now BRICCS?
This is nowhere near implementation. Putin proposing something doesn't immediately make it real. It also assumes great stupidity on the part of China and India to tether themselves economically to the sinking ship that is Russia. India in particular is exploiting Russian economic weakness at every opportunity.