Putin and Xi Lead 'New International Financial Architecture' Through BRICS
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping may be "remembered as the architects of a new international financial architecture", Adriel Kasonta, a London-based foreign affairs analyst and former chairman of the International Affairs Committee at the Bow Group think tank, told Sputnik.
BRICS' Global Signifcance
The organization has already transformed into "a significant force on the global stage", which is evident in the increasing interest from non-Western countries wanting to join BRICS, according to the analyst.
"The inclusivity of the BRICS project, which contrasts with the exclusivity often found in neoliberal Western institutions, makes it even more appealing to emerging countries that seek to take control of their own geo-economic futures", he pointed out.
BRICS "offers a renewed opportunity for formerly colonized countries to define their economic future without being further exploited by past colonial powers", Kasonta concluded.