Dmitry Suslov, deputy director of research at the Russian Council on Foreign and Defense Policy, a leading independent think tank in Russia, told Sputnik that “the West will even use sovereign funds of foreign countries as leverage and instruments of blackmail against these very countries.” Sputnik reported that Suslov sees the BRICS as the main forum where an alternative to that system is under discussion.
“Today, BRICS emerges as the main alternative to Western financial domination, as it challenges the foundation of West’s neocolonialism and its hold on the global economy,” Sputnik wrote. “BRICS, argues Suslov, serves as the engine of the multipolar world and the creation of a fairer global control system that will take interests of the developing nations into account. The bloc helps create a new system of financial and trade relations that is independent of the West, and once this system is complete, Western hegemony and control of the global finances will come to an end.”
