Payment System (CIPS), Beijing also offers an alterna- The flags stand for the BRICS tive to the previously dominant SWIFT, and the New increasing. [...] However, there are no signs of a securi- Theresian Military Academy Iran, the United Arab Emirates (UAE), Argentina, in yuan in future, while 72% of Russia’s exports in July The previous five were already pursuing different ty alliance such as the co-operation between India, the in 1979, was in command of Egypt and Ethiopia from January 2024. [...] However, the dollar (39.4%) welcomes any format to escape increasing isolation BRICS Plus as a collecting tank political science from the this would “open a new chapter in creating a fair and the euro (35.8%) continue to dominate as a means and counter the USA and Europe. [...] For example, there Beijing succeeds in linking BRICS Plus and the New runs the Center for Strategic Bank, the International Monetary Fund and the with the additions in 2024, around 50% of global oil have recently been joint naval manoeuvres between Silk Road (BRI) for its own purposes. [...] having a partner in the geopolitically important Horn The fact that China and India are vying for the role of tilateral organisations and to decouple from the US However, the geopolitical dimension is more exci- of Africa.
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