BRICS Strengthening South-South Ties, Bypassing Western Influence

BRICS Bloc Strengthening Alters Global Dynamics, Kremlin Aide Says​

BRICS Expansion and Shifting Global Relationships​

Moscow, March 26 – The BRICS economic bloc is reshaping global relations and fostering South-South cooperation, bypassing Western influence, according to a top Kremlin economic aide.

Maxim Oreshkin, the Kremlin’s top economic aide and Deputy Chief of the Kremlin Staff, made the statement at the meeting of the Russian Business and Industry Union’s (RSPP) National Committee on Business Cooperation with BRICS member states. He also discussed the growing importance of business diplomacy in today’s world compared to two decades ago.

Oreshkin stated, “Overall, the nature of global relationships is changing. While technology, trade, and finance previously flowed through Western countries, now ties, even blood ties, are strengthening between the BRICS countries, between the South-South countries.”

He highlighted the emergence of new financial payment schemes and technological solutions within the BRICS nations, positioning these direct relationships as crucial to the economy of the future.

Oreshkin emphasized that business diplomacy is playing a significantly more important role today than it did 10, 15, or 20 years ago. He asserted that the role and impact of interactions with BRICS countries and on international platforms will continue to grow.

The 18th annual BRICS+ Summit will be held in New Delhi under India’s Presidency later this year. The BRICS bloc currently includes Brazil, Russia, India, China, and South Africa, with Argentina, Egypt, Ethiopia, Iran, and the UAE having joined as members in 2024. Indonesia is scheduled to join the group in 2025.

Members of the National Committee on Business Cooperation within the BRICS group agreed to establish functional country working groups. This matrix management structure will focus on industry-specific and country-specific areas.