Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the current system, allowing nations to sway away from the U.S. dollar and unilateral sanctions.
Senator Marco Rubio Alerts About BRICS Influence in World Economics
The BRICS group, formed by Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates, might threaten the supremacy of the U.S.-led financial system in the future.
Senator Marco Rubio from Florida acknowledged that the continued expansion of this group might interfere with the ability to exert sanctions on other nations. In a recent article, Rubio stated that the recent addition of Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran to BRICS enhanced its “attractiveness as an alternative to the American and European-led financial system.”
Rubio stressed:
If current trends continue, it will become harder and harder for the United States to prevent international violence and oppression through sanctions.
The BRICS group, founded in 2009, has grown to become one of the most influential blocs in the world, having surpassed the G7 in gross domestic product (GDP), taking purchasing power parity into account.
Rubio highlights the rise of libertarian Javier Milei to power in Argentina, who recently rejected the invitation to join BRICS, showing his allegiance to the U.S. and Israel. Sergio Massa, the losing candidate in the Argentine elections, would have joined BRICS as an ally of former president Alberto Fernandez.
Rubio stresses there is a need to seal these alliances, calling for the U.S. government and the Biden administration to intercede for the Argentine government before international institutions like the International Monetary Fund (IMF), and recommends taking Argentina seriously as an international partner.
Rubio concluded:
Milei is taking the right steps to be a friend to the United States. The Biden Administration would do well to reciprocate that, because friends are few and far between these days.
What do you think about Senator Rubio’s remarks on the BRICS bloc? Tell us in the comments section below.
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