It has been revealed the fact that a US senator has issued a warning about BRICS, and this also concerns America’s ability to weaponize the US dollar. Here are more details about this.
US senator reveals BRICS warning
Senator Marco Rubio, a Florida Republican, has raised concerns about the expanding global economic alliance called BRICS.
In an article published on RealClearWorld, he warned that this growth could potentially threaten the SWIFT payment system and America’s capability to use the dollar as a weapon to impose sanctions on nations and individuals.
“As of New Year’s Day, Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran – the greatest danger to U.S. personnel in the Middle East and the greatest sponsor of international terrorism – have swelled BRICS’s ranks.
This doubles the trade group’s size, enhancing its attractiveness as an alternative to the American and European-led financial system. If current trends continue, it will become harder and harder for the United States to prevent international violence and oppression through sanctions.”
Rubio accuses China of leveraging BRICS to sustain Russia’s military campaign in Ukraine.
“Now effectively controlled by Beijing, BRICS’s members pool foreign currency reserves and lend billions in easy money to pit developing nations against the United States and other Western countries.
These measures are allowing China to bankroll Russia’s campaign of death and destruction in Ukraine, despite punishing sanctions on Moscow.”
Last year, BRICS decided to expand its membership by admitting six new countries including Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the United Arab Emirates.
This move was seen as a challenge to the US-led world order. However, Argentina changed its mind at the last moment, and President Javier Milei decided not to join BRICS after taking office last month.
As a result, BRICS ended up with five new members.
Stay tuned for more reports.