https://new.thecradle.co/articles/welcome-to-the-brics-11
'Welcome to the BRICS 11'
'No mountains can stop the surging flow of a mighty river.' With the addition of six new members that add geostrategic clout and geographic depth to the once sputtering BRICS, the multilateral institution is now gathering the momentum needed to reset international relations.
Pepe Escobar AUG 25, 2023
In the end, History was made. Surpassing even the greatest of expectations, the BRICS nations performed a giant step for multipolarity by expanding the group to BRICS 11.
Starting on January 1, 2024, the five original BRICS members will be joined by Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE).
No, they won’t turn into an unpronounceable BRIICSSEEUA. Russian Foreign Minister Sergey Lavrov confirmed the song remains the same, with the familiar BRICS acronym to the Global South or Global Majority or “Global Globe” multilateral organization that will shape the contours of a new system of international relations.
Here is the Johannesburg II Declaration of the 15th BRICS summit. BRICS 11 is just the start. There’s a long line eager to join; without referring to the dozens of nations (and counting) that have already “expressed their interest”, according to the South Africans, the official list, so far, includes Algeria, Bangladesh, Bahrain, Belarus, Bolivia, Venezuela, Vietnam, Guinea, Greece, Honduras, Indonesia, Cuba, Kuwait, Morocco, Mexico, Nigeria, Tajikistan, Thailand, Tunisia, Turkiye and Syria.
By next year, most of them will either become BRICS 11 partners or part of the second and third wave of fully-fledged members. The South Africans have stressed that BRICS “will not be limited to just one expansion phase.”
Russia-China leadership, in effect
The road leading to BRICS 11, during the two days of discussions in Johannesburg, was hard and bumpy, as admitted by Russian President Vladimir Putin himself. The final result turned out to be a prodigy of trans-continental inclusion. West Asia was aggregated in full force. The Arab world has three full members, as much as Africa. And Brazil strategically lobbied to incorporate troubled Argentina.
The global GDP-purchasing power parity (PPP) of BRICS 11, as it stands, is now 36 percent (already larger than the G7), and the institution now encompasses 47 percent of the world’s population.
[Blockierte Grafik: http://thecradle-main.oss-eu-central-1.aliyuncs.com/public/articles_media/3d6d1176-4363-11ee-91d2-00163e02c055.png]BRICS+ Countries GDP, GDP (PPP) and Debt. (Photo Credit: The Cradle)[Blockierte Grafik: http://thecradle-main.oss-eu-central-1.aliyuncs.com/public/articles_media/66e64fa4-4363-11ee-a203-00163e02c055.png]G7 Countries GDP, GDP (PPP) and Debt. (Photo Credit: The Cradle)
Even more than a geopolitical and geoeconomic breakthrough, BRICS 11 really breaks the bank on the energy front. By signing up Tehran, Riyadh and Abu Dhabi, BRICS 11 instantly becomes an oil and gas powerhouse, controlling 39 percent of global oil exports, 45.9 percent of proven reserves and 47.6 percent of all oil produced globally, according to InfoTEK.
A direct BRICS 11-OPEC+ symbiosis is inevitable (under Russia-Saudi Arabia leadership), not to mention OPEC itself.
Translation: The collective west may soon lose its power to control global oil prices, and subsequently, the means to enforce its unilateral sanctions.
A Saudi Arabia directly aligned with Russia-China-India-Iran offers a stunning counterpoint to the US-engineered oil crisis in the early 1970s, when Riyadh started wallowing in petrodollars. That represents the next stage of the Russian-initiated and Chinese-finalized rapprochement between Riyadh and Tehran, recently sealed in Beijing.
[Blockierte Grafik: http://thecradle-main.oss-eu-central-1.aliyuncs.com/public/articles_media/a0997654-4363-11ee-90b1-00163e02c055.png]BRICS+ And G7 Proven Oil Reserves. (Photo Credit: The Cradle)
And that’s exactly what the Russia-China strategic leadership always had in mind. This particular diplomatic masterstroke is rife with meaningful details: BRICS 11 enters the fray on the exact same day, January 1, 2024, when Russia assumes the annual presidency of BRICS.
Putin announced that the BRICS 11 summit next year will take place in Kazan, the capital city of Russia's Tatarstan, which will be yet another blow to the west's irrational, isolation-and-sanctions policies. Next January, expect further integration of the Global South/Global Majority/Global Globe, including even more radical decisions, conducted by the sanctioned-to-oblivion Russian economy - now, incidentally, the 5th largest in the world by a PPP of over $5 trillion.