. The world is becoming multipolar, and the geopolitical and economic landscape might be fundamentally changing.At the driving seat of these changes, the BRICS bloc — an emerging economies grouping that brings together Brazil, Russia, India, China, and South Africa — , seeks to confront the G7. Its objective: de-dollarization.This alliance first took shape in 2009; the expanding membership and its potential threat to the existing international order make it all the more interesting to the rest of the world.In January 2024 it expanded to include Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE to form a bloc that represents more than 37% of global GDP. This development marked a new fault line in the policymaking fraternity of the West, especially within the EU, NATO, and the G7, who view this newfound cohesiveness of BRICS as an interoperable threat to established economic and political hegemony led by the United States.

BRICS: An Expanding Powerhouse?