Escobar: The “New G8” Meets China’s “Three Rings”
“The coming of the new G8 points to the inevitable advent of BRICS +, one of the key themes to be discussed in the upcoming BRICS summit in China.
The speaker of the Duma, Vyacheslav Volodin, may have created the defining acronym for the emerging multipolar world: ‘the new G8’.
As Volodin noted, ‘the United States has created conditions with its own hands so that countries wishing to build an equal dialogue and mutually beneficial relations will actually form a new G8 together with Russia.’
This non Russia-sanctioning G8, he added, is 24.4% ahead of the old one, which is in fact the G7, in terms of GDP in purchasing power parity (PPP), as G7 economies are on the verge of collapsing and the U.S. registers record inflation.
The power of the acronym was confirmed by one of the researchers on Europe at the Russian Academy of Sciences, Sergei Fedorov: three BRICS members (Brazil, China and India) alongside Russia…”
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