What you won’t hear from the state-controlled Sputnik News is that BRICS itself was brought about with the intention of bringing pressure on the West, namely the United States. They arrived on the scene first and America is only pushing back. However, Sputnik puts a great spin on it and portrays BRICS as the victim. Moreover, it might be too little too late for the U.S. to maneuver as it has been in suicidal decline for over a decade now.
The Russian Security Council Secretary said that Western countries withdrew its capital from the BRICS countries to exert pressure on the group.
MOSCOW (Sputnik) – Western countries have pulled out more than $3.5 trillion over the last 10 years and $1.5 trillion from BRICS countries over the last three years as a mechanism to pressure the group, Russian Security Council Secretary Nikolai Patrushev said Tuesday.
“International financial institutions are being used by the West more and more often as an instrument of pressure. Over the last 10 years, the total capital outflow from the BRICS economies has reached $3.5 trillion, and more than half of that total left over the last three years,” Patrushev said during a BRICS security meeting in Moscow.
Full article: West Pulls Out $3.5 Trillion From BRICS to Pressure the Group – Official (Sputnik News)