Courtesy: Ricardo Moraes / Reuters
While BRICS does have a wise agenda, backed by considerable unity, it is not in a strong position to garner the world’s support for it. The fissures within the G7, the tensions between the U.S. and Europe, and the unilateralism of Washington leave little room for BRICS to develop an international consensus on the issues agreed at the recent Rio Summit.
Courtesy: X / narendramodi
BRICS is undergoing a major transformation—expanding its membership, redefining its global role, and navigating geopolitical tensions. As the group prepares for the Rio Summit in July 2025, key challenges include integrating new members, reforming multilateral institutions, and balancing economic ambitions with strategic unity. With India set to chair in 2026, the bloc’s evolving identity will shape its global influence.
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The BRICS Summit in Johannesburg has drawn international attention to the grouping’s past record of achievements and failures, its strained internal dynamics, and new challenges. As BRICS heads into its 18th year, its success and way forward will depend on the members’ ability to tackle the principal challenge of retaining its internal solidarity while balancing expansion and its impact and influence in the world.
Courtesy: PMO
The Western-dominated financial system that is strangling Iran with sanctions today can do the same to BRICS oil exporters tomorrow, should their geopolitics be deemed inconvenient. Hence, there is urgency for the BRICS nations to create a new financial architecture for mutual economic benefit.