BRICS poses a threat to America’s ability to weaponize the dollar to sanction nations
Florida Senator Marco Rubio tried to explain how the expansion of BRICS is a very big threat to the US dollar’s ability to fight against international terrorism.
BRICS is an intentional group of multiple countries. These countries are Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. In the last couple of years, the members of this group showed significant efforts to develop alternative international goods trading methods without any use of the US dollar.
By addressing the new international payments efforts of BRICS countries, Florida Senator Marco Rubio shared his opinion, to bring attention to the increasing risks for America.
According to Marco, the expansion of BRICS is a very big threat to the international payment system SWIFT because it will reduce the ability of America to use the US dollar as a weapon against people & countries.
The US senator said that Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran like countries are the biggest danger to U.S. personnel in the Middle East and the greatest sponsor of international terrorism.
Marco noted that if this trend continues then there will be a better alternative option to the American financial system and that will be a very big problem for the United States to prevent international violence and oppression through sanctions.
Marco alleged that China leveraged BRICS to help the Russian military campaign in Ukraine, despite America & other Western countries imposed financial sanctions against Russia.
Russia vs Ukraine
The Russia vs Ukraine conflict started in early 2022 and that conflict resulted in a very big economic downturn in Russia, as the majority of American companies withdrew their services from Russia as well as the majority of the countries imposed financial & trade sanctions against Russia.
The majority of the countries jumped to support Ukraine & helped the Ukrainian army to fight against Russian military attacks.
Many countries learned lessons from the Russia vs Ukraine conflict & decided to diversify their reach & relationship with other countries.
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