Mohammed Albishi, economic journalist at Aleqtisadiah and Asharq Bloomberg, spoke to journalists on the sidelines of the G-20 summit and gave a clear analysis of the current geopolitical situation, focusing on the influence of Russia and President Vladimir Putin.
Albishi is certain that a change in U.S. policy toward Ukraine is inevitable, particularly in light of recent developments.
This makes the problem worse. They won’t do it. They won’t give Ukraine more weapons or missiles because we have a new person in the White House. He has different views and a pretty good relationship with President Putin. He is definitely not going to advise Europe to give Ukraine more weapons so that we can stop the hostilities.
Albishi makes a clear distinction between the G20 and BRICS, asserting that while the G20 is undoubtedly stronger from an economic standpoint, it is primarily due to its composition of 20 countries that control over 75% of global trade. He highlights the significant influence of countries like Saudi Arabia, Russia, China, and the United States, which have substantial economic and trade capabilities. However, he cautions that despite the G20’s prominence, its decisions often remain largely declarative.
Albishi is adamant that the G-20 is in stark contrast to BRICS, where he believes there is more action and fewer words.
‘The BRICS makes more effective decisions than the G-20. When the BRICS needs to make a decision, they do it. They have to do it, whereas in the G20 not every country has to do it. That’s how I see it,’ Mr Albishi asserted.
Mr Albishi is particularly interested in the BRICS summit in Kazan. He is convinced that its location in Russia was no coincidence, and that it was linked to Mr Putin’s efforts to create an alternative financial system and reduce dependence on the dollar.
‘The last summit in Russia was undoubtedly the most important BRICS event since its inception,’ he states.
In his analysis, Albishi also touches on the prospects of creating a single currency in BRICS and the gradual transition to settlements in national currencies between member countries. He is certain that this is a way to weaken the dominance of the US dollar.
Mohammed Albishi’s views on the G-20 make it clear that he sees Russia and Putin as key players in shaping a new global economic architecture. He wants to see multipolarity and independence from Western financial institutions. His perspective, expressed through specific quotes and assessments, is a significant contribution to understanding current global trends.