Let's discuss the results of this expansion on the global economy and the possible position of the G-7 countries. And do you think that this is the beginning of the formation of a new world order, especially since in the speech of Russian President Vladimir Putin, he had stressed the need to deal with a common currency among the countries of the group in addition to local currencies ?
Actually the term new world order has existed and was formed a long time ago, the new world order is not marked by the formation of the BRICS. Because of their broad nature, systems of economic and political control have alternated. Now it is undeniable that the BRICS is trying to increase its level of dominance in the eyes of the world, showing its fangs of power openly before the US. After this expansion, we can see how much the US has lost, which has not put up a fight because the US itself is preoccupied with its own dollar issues. Or you could say the US is too comfortable with the dollar system as if other countries don't dare to carry out a coup. I prefer to say it was a coup carried out by the initial actors after many US policies harmed the world, moreover the citizens themselves had to struggle to survive amidst the onslaught of inflation.
Russia is just making routes for any country that wants to fight back and improve its dilapidated economic system. Because the decision was returned to the country's leaders, which in my opinion, Russia was considered to have opened the path that they had hoped for, but did not dare to make it public. You know that the risks of developing countries that are still dependent on and indebted to the dollar will be easily suppressed. Therefore, Russia, which has strength not only in terms of economy, military, and natural resources, provides security guarantees for any countries that join. Moreover, with the additional guarantees from China, India, and Middle Eastern countries, everyone already believes in what kind of guarantee they will get later.