world ๐ BRICS: What each country really wants
The BRICS grouping, formed during the 2008 global financial crisis, is gaining more international focus amidst current global chaos. Russia leverages BRICS for trade, with 90% of its $330 billion turnover conducted in national currencies. China uses the platform to boost its global standing, despite having a significant trade deficit with the US. The UAE and Saudi Arabia are interested in alternatives to the US petrodollar system. Ultimately, each nation approaches the bloc with distinct strategic goals.