Decisions taken at last week’s BRICS Summit in Kazan, Russia, will have a significant impact on the Global South and on the Western world, as the movement towards “de-Westernisation” gathers momentum.

The conclusion of the 16th BRICS summit held in Kazan from October 22-24 resulted in important decisions. It should be noted that BRICS (Brazil, Russia, India, China, South Africa), joined by 4 new countries (Egypt, Ethiopia, Iran, United Arab Emirates), now represent more than 33% of global GDP compared to the G7’s 29%.

Among these decisions, three stand out: the institutionalisation of a “partner countries” category within BRICS, the creation of the BRICS-Clear system to facilitate exchanges between members and partner countries, and the establishment of the BRICS (Re)Insurance Company.

The consequences of these decisions will be very significant, not only for BRICS and their associates but also for the Western world. The movement toward global “de-Westernisation” is accelerating.

One of the most emblematic decisions taken at the Kazan summit was the institutionalisation of the “partner countries” category within BRICS. This creates a “BRICS zone” around the core members. The presence of Indonesia, Malaysia, Thailand, and Vietnam in this “partner” category implies that BRICS, already dominant in Asia due to China and India’s membership, could become hegemonic in this region.

The second essential decision of the 16th BRICS summit is the creation........

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