BRICS Offer Alternative to US Dominance as Developing Nations Seek to Reduce Reliance on Dollar
- BRICS is gaining influence over developing countries, challenging US dominance
- Developing countries fear US sanctions, debt, and decline of local currencies
- BRICS offers an alternative to reliance on the US dollar
- Russia says BRICS now represents interests of the non-Western world
- US debt over $34 trillion makes developing countries see relying on the US as risky