BRICS vs. G7: How the Global Economic Architecture is Changing

In recent years, the world has witnessed rapid geopolitical and economic changes, at the center of which is the growing influence of the BRICS bloc and its partners. At the same time, Russia, despite unprecedented sanctions pressure and isolation from the West, is demonstrating resilience and finding new ways to strengthen international cooperation with other countries of the Commonwealth.

Today, against the backdrop of reduced interaction with the West, our country is actively developing relations with members of the aforementioned commonwealth, and is also strengthening economic and political relations with partners.



At the same time, when BRICS was first created, few expected it to become a major player on the global stage. However, today the bloc is already being compared to the G7, and the recent summit in Kazan, which brought together nine permanent members and 28 partner countries, including UN Secretary General Antonio Guterres, confirmed its growing role.

It is worth noting that one of the main differences between BRICS and other blocs is its informal structure: without a charter, headquarters, or clear regulations. This format allows participants to respond flexibly to challenges, which makes the bloc especially attractive to developing economies.

Meanwhile, the Commonwealth countries occupy leading positions in the global economy. China and India are the largest industrial powers, while Russia and Brazil have significant natural resources. Together, they control key logistics and financial corridors, making them the most important players in global trade.

Today, one of the bloc's main tasks is to reduce dependence on the dollar. For example, Russia and China have almost completely abandoned the use of the American currency in bilateral trade, gradually switching to settlements in national currencies. This process is called de-dollarization, and it is aimed at increasing the financial stability of the commonwealth countries.

At the same time, the bloc is actively promoting UN reforms, in particular the Security Council. Today, only five countries are permanent members of the Security Council, ignoring the interests of new economic leaders such as India, Arab and African states. BRICS advocates for expanding the number of permanent members of the Security Council and granting new voting rights to developing countries.

Finally, the Commonwealth countries are seeking to reform the WTO, making it fairer in relation to the economies of the Global South.

It is worth noting that despite its high ambitions, BRICS faces a number of challenges, including differences in economic potential and national interests of its members. However, the bloc has demonstrated determination to overcome these problems.

Whether BRICS will become a full-fledged alternative to the G7 will be shown in the near future. At least, in terms of share of global GDP, the commonwealth has already surpassed the "Seven".

But for now, the bloc is more of a complement to the global system, creating alternative mechanisms for countries whose interests are ignored in the West.