Will Sanctions on BRICS Backfire?

The Sanctions That May Backfire In a world where the dollar's supremacy is under siege, Washington’s heavy-handed sanctions on BRICS nations—particularly Russia—are accelerating a global financial realignment that may end in disaster not for BRICS, but for America. Let’s not sugarcoat this: The U.S. is sanctioning countries that control over 42% of the world's oil output, including economic giants like India, China, and Brazil. Instead of isolating BRICS, we’re isolating ourselves from a rapidly emerging energy and trade bloc that’s actively de-dollarizing and diversifying. BRICS Is Rising, the U.S. Is Slowing Rosneft CEO Igor Sechin’s warning is worth listening to—whether or not you agree with his politics. He notes that BRICS economies are growing while U.S. GDP stagnates. This isn’t…