New delhi: On a recent episode of "New Order," Sarang Shidore, director of the Global South Program at the Quincy Institute, discussed the dynamics of BRICS as a burgeoning super-coalition, emphasizing the impact of U.S. policies on its development. Shidore analyzed the implications of the U.S. threats to impose a 100% tariff on India in an effort to end its purchases of Russian oil. Despite these pressures, India has maintained its stance, illustrating its foreign policy strategy of balancing relations with the United States and other emerging powers like Russia. According to Russia Today, Shidore elaborated on the prospects of a BRICS common currency, describing it as a fantasy and unnecessary for circumventing the dollar. Instead, he highlighted the ongoing efforts to create alternatives to SWIFT and accelerate de-dollarization. Additionally, he touched upon the strategic significance of targeting the Chabahar Port in Iran and examined the current state of BRICS' power, which he noted has been bolstered b y U.S. missteps. The discussion also covered Europe's perceived credibility issues and hypocrisy in criticizing India for purchasing Russian oil. Shidore's insights offer a comprehensive look at the geopolitical shifts and the evolving role of BRICS in the global order.
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