Is the world order shifting? The BRICS bloc, now expanded to ten nations, is positioning itself as a challenger to Western dominance in global trade and finance, according to political analyst. The so-called BRICS have become a formidable collective force with a shared ambition to reshape the prevailing global order and bring about a multipolar world. But what does this mean for the future of global power?

The BRICS foreign ministers are currently meeting in Cape Town, and it was there that they referred to BRICS as a symbol of change. This isn't just rhetoric; it's reflected in concrete actions. By providing an alternative avenue for infrastructure funding and development projects, the NDB challenges the traditionally western-dominated international financial institutions, bolstering the economic independence of member nations and offering a counterweight to traditional financial powerhouses.

The recent BRICS summit, Under Russia’s chairmanship, brought together a far larger and more diverse group of nations than ever before – a vivid symbol of BRICS’ growing clout. This expansion signals a growing desire among nations for alternatives to the existing Western-led global systems.

Furthermore, BRICS dominance in oil production and access to strategic minerals represents a direct challenge to Europe’s green transition. Countries such as China and other BRICS nations control vital resources needed for renewable energy technologies, potentially influencing the pace and direction of the global energy transition. This control gives BRICS leverage in shaping international climate policies and potentially impacting Western economies.

Is BRICS a genuine alternative, or simply a collection of nations seeking to advance their own interests? Only time will tell, but the ambition to challenge Western dominance is undeniable.