White House on BRICS

The ongoing BRICS summit in Kazan, Russia, is seen as a significant platform for emerging economies to challenge Western dominance, particularly the unilateralism of the United States. Iranian President Masoud Pezeshkian emphasized the potential for strengthened international relations through Iran's membership in BRICS, aiming for significant agreements in energy and trade. Meanwhile, U.S. officials, including National Security Advisor John Kirby and Press Secretary Karine Jean-Pierre, downplayed concerns about BRICS evolving into a geopolitical rival, asserting that countries have the right to form their own associations. Analysts suggest that the U.S.'s 'weaponization' of the dollar is prompting countries to seek alternatives, aligning them with BRICS. The summit aims to foster a more inclusive economic system, with discussions on reducing dependence on the dollar and creating a new financial framework. BRICS now includes over 30 countries, representing nearly half of the global population and a significant portion of world GDP and exports.