Far from being a mere slip of the tongue, the episode revealed the extent to which BRICS have established themselves as increasingly influential players in international politics and economics. The fear aroused by those words was no accident; it reflected the growing perception that this bloc represents a direct challenge to the established international order.

The informal BRICS alliance was formed in 2009, when several emerging economies decided to coordinate their efforts to strengthen their financial, economic, and political cooperation. Brazil, Russia, India, and China formed the group, which was joined by South Africa in 2010. Since then, the bloc has steadily increased its influence, becoming a central player in the international system. It currently represents about 50% of the world’s population and approximately 40% of global GDP in terms of purchasing power parity.

Today, BRICS is once again at the center of global debate. For those who failed to understand the significance of Trump’s words, or the reasons for the nervousness they provoked, it is essential to pause and analyze exactly what this organization is and why its rise is generating growing concerns about the international balance of power. The question, in this context, is inevitable: why is this institution attracting so much attention today?

After the end of World War II, the United States and the major Western democracies promoted a framework of rules, institutions, and relationships that is now known as the “liberal international order.” This system was based on liberal principles—both political and economic—and cooperation among states through multilateral organizations designed to ensure stability, growth, and collective security.

However, with the dissolution of the Soviet Union and the collapse of the bipolar system, the international scene underwent a profound transformation. Washington emerged as the sole global superpower, a situation that led Francis Fukuyama to formulate his thesis of the “end of history.”

Over the last few decades, Uncle Sam has maintained its hegemony through the liberal international order, relying on political and military alliances, shared norms, and universalist values, with institutions such as NATO and the IMF serving as fundamental pillars. This framework has guaranteed the hegemony of the dollar and its so-called “exorbitant privilege,” which has allowed the United States to borrow on more favorable terms than any other country, finance its deficits without immediate risk, and consolidate its debt as the safest asset in the global financial system.

To fully understand this analysis, it is essential to add another key element of the Western system’s success: the SWIFT network. This global payment infrastructure connects most of the world’s banks and acts as an intermediary in international transfers, the vast majority of which are conducted in dollars. In this way, the dollar has become the dominant currency worldwide. However, despite its power and influence, the liberal international order is beginning to show increasingly evident cracks.

Over time, a series of events have contributed to weakening this system. The financial crises of recent decades have undermined confidence in Western elites’ ability to manage the global economic order, while the U.S. strategy of shaping the world according to its own interests has fostered a coalition of states that reject its hegemony. Similarly, specific episodes such as Brexit in 2016, President Obama’s blockade of the WTO Appellate Body—considered the guardian of free trade—and Donald Trump’s return to the White House have intensified doubts about the soundness and legitimacy of this system.

Added to this context is the use of the dollar as a tool of political pressure, particularly visible in the sanctions imposed on Russia, a move that has reinforced the perception that the U.S. currency also functions as a geopolitical instrument.

This set of factors has led many powers to seek alternatives that reduce their dependence on the system dominated by the U.S. In this scenario of a weakening liberal international order, recent moves by BRICS are perceived as a direct threat to Washington, once again placing the bloc at the center of global debate.

As already noted, the BRICS is an informal intergovernmental organization whose main objective is to increase its global influence and offer alternatives to Western-dominated institutions. Since its creation, the bloc has progressively expanded its reach and sought to reduce its dependence on the U.S.-led international financial system.

A key step in this strategy was the 2014 creation of the New Development Bank, aimed at financing development projects in emerging economies, as well as the Contingent Reserve Arrangement, a $100 billion fund designed to protect member countries from financial crises. These initiatives are perceived as direct challenges to the World Bank and the International Monetary Fund, essential pillars of the liberal international order.

Added to this institutional progress is the growing economic weight of the bloc. BRICS countries have established themselves as one of the main drivers of global growth, accounting for a significant share of industrial production and strategic resources.

It is in this context that BRICS found an historic opportunity to challenge the rules of the international economic game. In addition to developing their own institutions, in 2018 BRICS introduced a new international payment mechanism called “NIPS,” later known as BRICS Pay. Although the project progressed slowly for several years, it regained prominence in October 2024 during the 16th BRICS Summit, held that same year. On this occasion, the member countries formally presented and endorsed what was now called BRICS Pay.

BRICS Pay aims to facilitate international transactions in local currencies and reduce the centrality of the dollar. The system would rely on DCMS, a decentralized messaging network developed in Russia and distributed among member countries, allowing each state to control its own financial infrastructure and trade without using the dollar, thereby weakening its dominance. At the same time, the absence of a hegemonic actor within the system aims to foster more balanced cooperation and potentially reduce geopolitical tensions.

This project represents a direct challenge to both the United States and the SWIFT system and, by extension, to the liberal international order. If BRICS countries succeed in consolidating the success of BRICS Pay in the future, we could be witnessing a notable change in the world order as we know it today.

However, significant obstacles remain between ambition and reality. Although an initial prototype of BRICS Pay has been presented in Moscow, and it has been suggested that it could be operational by 2026, the path to a fully functional system is complex. The experience of the European Union shows that financial integration requires time, coordination, and a high degree of economic convergence.

Furthermore, BRICS countries have profound differences in their levels of development, monetary policies, and strategic priorities, which makes it difficult to build a stable and cohesive framework. Similarly, despite their growing economic weight, their global political influence remains limited and, for the time being, it is insufficient to displace Western primacy.

Even so, the bloc’s rapid rise in a brief time has altered the international balance and raised fundamental questions about the future of the global system. The central question is whether BRICS countries will succeed in consolidating themselves as a real alternative to the liberal order led by the United States or whether their challenge will remain, at least for now, a symptom of an increasingly fragmented and multipolar world.

Ana Lorenzo López is a geopolitical analyst currently collaborating with The Political Room, where she writes in-depth political and strategic analysis on international affairs. Views expressed in this article are the author’s own. 

BRICS: The Emerging Bloc That Threatens the Liberal International Order was originally published on Global Security Review.

China became the first nuclear state to sign this treaty’s protocols because the treaty aligns with its national security strategy and active-defense doctrine, which includes the unconditional no first use of nuclear weapons against non-nuclear-weapon states. Russia also expressed a willingness to sign. The US is evaluating its approach, boosting the chances of it being ratified worldwide.

While maintaining political neutrality can assist in lowering the risk of nuclear brinkmanship, SEANWFZ relies on ASEAN’s ability to manage great power competition. SEANWFZ is intended to provide “the regional pathway” to the ultimate objective of a world free of nuclear weapons.

Despite the treaty’s normative strength, four recognized nuclear weapon states (NWS), under the Nuclear Non-proliferation Treaty (NPT), France, Russia, the United Kingdom, and the US, do not provide assurances, or “protocol signatures,” which are essential for the effectiveness of SEANWFZ. By joining the protocol, the nuclear weapons states would be required to uphold the treaty, abstain from actions that would violate it, and offer negative security assurances (NSA), such as the promise not to use or threaten to use nuclear weapons against the SEANWFZ states or within the zone.

The strategic interests of the major powers historically cross in Southeast Asia. Many regional states continue to have tight security relations or security alliances with outside countries. This is the fundamental cause of the NWS’s failure to sign its protocol. Beijing, which stands apart from other hesitant nuclear weapons states, frequently cites strategic ambiguity and alliance duties and has repeatedly stated that it is willing to sign the agreement. Its recent remarks confirm this commitment.

While strengthening long-standing cooperation with ASEAN, China’s decision to sign the nuclear-free zone established a norm regarding big powers assisting in the regional disarmament framework. By supporting SEANWFZ, China contributes significantly to a regional standard that deters the use, threat, or deployment of nuclear weapons. Along with that, China is also supporting larger international nonproliferation objectives, which is especially important considering global nuclear modernization tendencies and growing geopolitical tensions.

It is also noteworthy that this move by China comes at a time when the world is increasingly inclined toward acquiring military platforms and modernizing its already possessed weapons. China’s decision to sign a nuclear-weapon-free zone is also important for the credibility of international law and regimes governing disarmament. It will strengthen their provisions and set a precedent for other regional and global powers to follow China’s footsteps for global stability and security.

Strategically, China’s adoption of SEANWFZ can help counter the perceptions of rising assertiveness in the South China Sea by presenting itself as a responsible nuclear power committed to regional stability and nonproliferation. Diplomatically, China’s relationships with ASEAN strengthened and deepened, with its broader goal of a multipolar world where regional agreements carry more influence.

Notably, it also differs from the American position in Asia, where Washington’s long-standing nuclear deterrence approach frequently makes backing for nuclear-weapon-free zones difficult. China’s strong support for ASEAN’s nuclear-weapon-free zones boosts the global nonproliferation drive despite continuous disruptions to major treaties, such as the collapse of the Intermediate Nuclear Forces Treaty (INF) and the precarious situation of New START (Strategic Arms Reduction Agreement). Furthermore, in a zone that has so far rejected the lure of nuclear weapons, it strengthens the moral case for nuclear abstention.

China’s willingness to sign the SEANWFZ is a tool for norm-setting and cooperative security. The US and other nuclear-armed nations must follow suit for the treaty to be successful. ASEAN won diplomatically with China’s SEANWFZ commitment, but it needs other nuclear weapons states’ support. ASEAN’s efforts act as a small but significant barrier against the proliferation of nuclear weapons with China’s backing, reminding that regional actions can still be crucial in determining the parameters of the global nuclear order as strategic uncertainties across the world increase.

Nazia Sheikh is a Research Officer at the Centre for International Strategic Studies, AJK.

China’s Support for the Southeast Asia Nuclear-Weapon-Free Zone was originally published on Global Security Review.

Extended deterrence, commonly known as the “nuclear umbrella,” represents America’s commitment to defend its allies against strategic threats, including the use of nuclear weapons. Since the late 1940s, this policy provides security guarantees to NATO members and Asian allies like Japan and South Korea.

Rising threats from adversaries like North Korea and Iran, coupled with the modernization of arsenals by Russia and China, underscore its continued necessity. Without this safeguard, allies may feel compelled to pursue independent nuclear programs, triggering preventable proliferation that can destabilize entire regions and weaken American influence.

Consider a scenario where the United States’ failure to build a peer theater nuclear capability and public statements are viewed by allies as a reduction in American nuclear commitments in East Asia. Japan, confronted by an assertive China and threatening North Korea, initiates a covert nuclear program, leveraging its advanced civilian nuclear technology and plutonium reserves. Constitutional constraints notwithstanding, mounting public anxiety could drive Tokyo toward its first nuclear test.

South Korea, facing similar security vulnerabilities, revives its previously dormant nuclear ambitions. Taiwan, under existential threat from China, sees nuclear capability as essential for survival. Alarmed by these developments, President Xi Jinping orders an accelerated attack on Taiwan and, potentially, attacks targets in South Korea and Japan to preempt support of Taiwan.

This ripple effect would yield devastating global repercussions. The Treaty on the Non-Proliferation of Nuclear Weapons (NPT), a cornerstone of nonproliferation, ceases in relevance. Nations such as Saudi Arabia, Turkey, Germany, and Poland might explore nuclear options. With more nuclear actors in play, risks increase as a statistical probability. Diplomatic and economic instability would likely surge, potentially fracturing alliances, crippling foreign investment, and destabilizing global markets.

Extended deterrence is not merely about preventing proliferation; it provides substantial military and economic benefits as well. American allies contribute robust defense capabilities, hosting critical strategic bases essential for American operations. South Korea’s military fought alongside American forces in every conflict since Vietnam, while Japan’s formidable naval and air capabilities enhance American strategic flexibility. European NATO allies provide indispensable missile defense and air operations infrastructure, reinforcing American global power projection.

Economically, the nuclear umbrella fosters stability, encouraging foreign direct investment from treaty allies like Japan, Germany, and South Korea—three of the top investors in the US. This security framework ensures mutual prosperity and deepens economic interdependence, strengthening not just trade partnerships but long-term strategic relationships. South Korea, the world’s 14th-largest economy, thrives under this arrangement, further reinforcing cross-border trade and investment.

Upholding extended deterrence demands a long-term investment of American resources, ensuring stability across NATO. Allied nations pledged to meet defense spending commitments, emphasizing the principle that collective security thrives on shared responsibility. Given that the US allocates just under three percent of its gross domestic product (GDP) to defense, committing at least two percent is a reasonable expectation.

Eleven nations met the two percent target in 2023, up from just four in 2017. President Trump’s pressure campaign on NATO defense spending is working. If every NATO nation adhered to the two percent minimum, the alliance’s total defense budget would rise by over $100 billion annually, reinforcing military capabilities, strengthening infrastructure, and fortifying global stability.

More than just a financial obligation, honoring these agreements is fundamental to sustaining NATO’s unity and trust. Increased investment not only bolsters collective security but also eases the strain on the US, which continues to shoulder the responsibility of protecting Western civilization from instability.

Extended deterrence long served as the backbone of global stability, shaping a world where security, military cooperation, economic prosperity, and nuclear nonproliferation are upheld. Stability is not self-sustaining; it demands vigilance, action, and unwavering commitment. NATO’s legacy proves this repeatedly. From coalition forces uniting in Kosovo to prevent ethnic cleansing, to NATO-led air campaigns in Libya that dismantled an oppressive regime, alliance members stood together in moments of crisis. Joint operations in Afghanistan, where NATO countries fought side by side for nearly two decades, showcased the strength of shared commitment. Even today, as NATO fortifies defenses in Eastern Europe, the principle remains unchanged. Security is only as strong as the unity behind it.

NATO’s Article 5 is more than a pledge; it is a promise that must be upheld through action. Security is not theoretical; it is built on resources, strategy, and cooperation. The deterrence piggy bank needs deposits, not just withdrawals. If allies fail to uphold their commitments, the burden on the US becomes untenable.

The stakes could not be higher. Geopolitical tensions are rising, nuclear threats are evolving, and adversaries are watching for cracks in the foundation. The American nuclear umbrella remains a pillar of international security, but it is only as strong as the resolve behind it. Allies must step up because if they do not, the rain will come, and they will find themselves unprotected in the storm.

Brandon Toliver, PhD, serves on the A4 staff of Headquarters Air Force. The views expressed are those of the author and do not reflect the official guidance or position of the United States government, the Department of Defense, the United States Air Force, or the United States Space Force.

The Nuclear Umbrella: Reassurance or Relic in a Shifting World? was originally published on Global Security Review.

This week’s EAR Report brings critical updates on global security dynamics in a world fraught with geopolitical tensions and nuclear threats. ​ From the evolving nuclear doctrines of major powers to the strategic imperatives of missile defense, we provide a comprehensive overview of the current state of international security. ​ Understanding these developments is crucial for policymakers and the public as nations grapple with the complexities of deterrence and defense. ​

Strategic Developments: New Russian Nuclear Doctrine Summary ​

Russian President Vladimir Putin has ratified a revised nuclear doctrine, emphasizing nuclear deterrence against potential adversaries, including countries and military alliances that view Russia as an enemy. ​ The doctrine allows for nuclear responses to significant threats to Russia’s sovereignty, even from conventional weapons, and includes the possibility of nuclear retaliation if Belarus, as part of the Union State, is attacked. ​

Homeland Missile Defense ​

North Korea, Russia, and China continue to enhance their long-range missile capabilities, posing a threat to the U.S. homeland. ​ The next U.S. president must prioritize restoring credible missile defense. ​ Recommendations include developing space-based sensors for persistent missile tracking, advancing boost-phase intercept technologies, and creating a multi-layered defense framework incorporating land, sea, air, and space interceptors. ​ The goal is to counter both rogue state missile salvos and limited nuclear launches from major powers. ​

Deterring the Nuclear Dictators: Foreign Affairs by Madelyn Creedon and Franklin Miller ​

The U.S. faces renewed nuclear threats from Russia, China, and North Korea. ​ The Biden administration has updated nuclear-targeting guidance to deter these adversaries simultaneously. ​ However, modernization efforts for the U.S. nuclear deterrent are hampered by industrial base limitations, material shortages, and funding gaps. ​ The next administration should expedite modernization without extensive policy reviews, focusing on replacing aging systems and enhancing the defense industrial base. ​

Key Takeaways

1. Russian Nuclear Doctrine: Emphasizes deterrence against adversaries and allows nuclear responses to significant threats, including conventional attacks. ​
2. Missile Defense: Urgent need for a comprehensive, layered missile defense system incorporating advanced technologies and space-based sensors. ​
3. U.S. Nuclear Deterrence: Updated guidance to deter multiple adversaries; modernization efforts must be accelerated to address current and future threats. ​
4. Industrial Base Challenges: Modernization of the U.S. nuclear arsenal is hindered by industrial limitations and funding issues. ​
5. Strategic Imperatives: The U.S. must maintain a robust nuclear triad and enhance its defense capabilities to ensure national and allied security. ​

ICBM EAR Report – November 22 was originally published on Global Security Review.