They will get hit hard, but the BRICS countries can increase their trade between each other and co-invest in others. Now Iran and Saudi are willing to get on board there’s even more potential for growth in the ME and Central Asia. Many LATAM and Africans nations already trade heavily with China and Russia.
In the meantime lemmy libs are explaining how nothing is happening and USA have learned from 2008 and have robust regulations now which means no crisis will happen. And as they write this, this “nothing” spreads to Europe and some swiss banks are already in panic.
Not sure exactly how Saudi Arabia having diplomatic relations with Iran will meaningfully affect BRICS YET, although I will say I think it will be pretty beneficial to BRICS overall
Aren’t there already suggestions of Saudi investment in Iran? Whatever else you may think of the Saudi regime (i for one absolutely despise them) this represents yet another defeat for the imperialist attempt to isolate Iran, and another instance of South-South co-operation and mutually beneficial economic activity of the type BRICS exists to foster.
Like Turkey, Saudi Arabia has now been drawn into the BRICS orbit and whether they actually ever join it or not there are solid economic and diplomatic ties being built that will be very detrimental for the imperialist hegemony.
It might be true, though idk to what extent, since Russia is trading with many countries that will get hit harsh.
They will get hit hard, but the BRICS countries can increase their trade between each other and co-invest in others. Now Iran and Saudi are willing to get on board there’s even more potential for growth in the ME and Central Asia. Many LATAM and Africans nations already trade heavily with China and Russia.
These countries should ditch the dollar.
You’re probably right.
In the meantime lemmy libs are explaining how nothing is happening and USA have learned from 2008 and have robust regulations now which means no crisis will happen. And as they write this, this “nothing” spreads to Europe and some swiss banks are already in panic.
Not sure exactly how Saudi Arabia having diplomatic relations with Iran will meaningfully affect BRICS YET, although I will say I think it will be pretty beneficial to BRICS overall
Aren’t there already suggestions of Saudi investment in Iran? Whatever else you may think of the Saudi regime (i for one absolutely despise them) this represents yet another defeat for the imperialist attempt to isolate Iran, and another instance of South-South co-operation and mutually beneficial economic activity of the type BRICS exists to foster.
Like Turkey, Saudi Arabia has now been drawn into the BRICS orbit and whether they actually ever join it or not there are solid economic and diplomatic ties being built that will be very detrimental for the imperialist hegemony.