... multilateral mechanism and it is very unlikely that the UN Security Council with the current composition of its permanent members might ever decide to entrust BRICS with such a mission.
BRICS will never become an analogue to G7.
They often compare BRICS to G7 and sometimes refer to G7 as a model for BRICS to imitate and to develop further. Indeed, G7 that has already been in operation for more than fifty years, over this long time it has accumulated a lot of useful institutional growth experience and some ...
... countries share of the world’s total gross domestic product (GDP) in terms of purchasing power parity (PPP) in 2018. By 2024, the difference had increased even further, the BRICS is now holding a total 35% of the world’s GDP compared to 30% by the G7 countries. BRICS nations comprise 40% of the world’s population and are known for their significant influence in regional matters. All of them are members of the G20. Furthermore, all these member nations of BRICS also acknowledge the importance of accessible ...
... they could reach, it still contained the idea of a mutual balance of power. As a matter of fact, the destruction of this balance as a result of the rapid strengthening of Germany became the reason for the collapse of the entire Vienna system. In BRICS it is nearly unthinkable that there could be one leader, like in NATO or the G7, which would be able to discipline the other participants and achieve jointly-set goals (these goals, formulated within the framework of the “leadership” model of the institute, are achievable precisely because they satisfy the interests of the ...
... non-BRICS-related events were literally dragged in. Notably, the Group of Seven, which had a monopoly on existence as a privileged club for more than a quarter of a century, had never received such a level of attention with a diversity of attitudes. So why has BRICS become the hero of the day, while the G7 remained in the background?
What is the Group of Seven? An elite club that had initially been looked upon as something like the Bilderberg Club, only with incumbent leaders of the developed nations from the West involved. Its closed nature provoked ...
It’s perhaps hard to believe now but – only eight years ago – Russia was a full member of the former G8. Since then, there have been dramatic changes
Just before the G7 leaders met at Elmau Castle in Bavaria last week, their counterparts from the five BRICS countries held an online summit under the Chinese presidency. Russia had been discussed as a threat at the G7 gathering but was a key participant in the latter.
Long gone are the days when Moscow could straddle the divide between the West and the ...
... been accumulating for many years, and the sad reality of 2014 was either a historical inevitability or at least a completely predictable ending to a protracted play.
When President Yeltsin first submitted an application for Russia’s membership in the G7 back in 1992, there were simply no other alternative associations in the world where Moscow could try to squeeze in. Structures such as the G20, BRICS or SCO did not exist at the time, and Russia’s membership in NATO and the European Union seemed unrealistic even then. Therefore, joining the “Group of Seven” not only pursued situational tasks (access to financial and technical assistance ...
