
Expanded BRICS to dominate global energy markets – data
The BRICS group will control nearly half of the world’s total oil output after six new members join in January, calculations show
BRICS currently consists of Brazil, Russia, India, China, and South Africa. However, at the group's summit in Johannesburg this week, it was announced that Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates will officially join in January
Does this then signify the coming change in the world's balance of economic power toward the Brics?
And leave Russia completely invulnerable to sanctions by America?