BRICS is a meme. It was a term a Goldman Sachs researcher used to describe developing economies that are worth investing in.
Brazil is a basket case, S Africa is basically a failed state, India and China are rivals, and Russia is eviscerating itself in Ukraine and turning into China’s Canada.
BRICS is a meme. It was a term a Goldman Sachs researcher used to describe developing economies that are worth investing in.
Brazil is a basket case, S Africa is basically a failed state, India and China are rivals, and Russia is eviscerating itself in Ukraine and turning into China’s Canada.
Ouch
Signed, All of Canada
They’re selling weapons to Russia though and not small amounts.
BRICS also has many smaller countries that are under our sanctions and do not have other trading partners. Giving BRICS a cheaper supply to resources.