brics

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Expectations for 6th BRICS Summit dim further in new geopolitical scenario

Brics

BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia.
Expectations for 6th BRICS Summit dim further in new geopolitical scenario

While it is still unclear whether Russia pursues the occupation of additional parts of eastern Ukraine, there is a growing certainty that developments over the past month will have a lasting effect on the international system. The most immediate consequences are probably the strengthening of the NATO alliance and an acceleration of trade negotiations between the European Union and the United States. Cuts in defense spending in both the United States and Europe may be partially halted as a consequence. While trade between Russia and the West makes a new Cold War scenario highly unlikely, Vladimir Putin is likely to remain the world's greatest villains in the eyes of the West for years. This will make meaningful progress vis-


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