Turkey has formally asked to join the BRICS group of emerging-market nations as it seeks to bolster its global influence and forge new ties beyond its traditional Western allies, according to people familiar with the matter.
According to Bloomberg sources, the view of President Recep Tayyip Erdogan’s administration is that the geopolitical center of gravity is shifting away from developed economies. Turkey's new diplomatic push reflects its aspirations to cultivate ties with all sides in a multipolar world, while still fulfilling its obligations as a key member of NATO.
“Turkey can become a strong, prosperous, prestigious and effective country if it improves its relations with the East and the West simultaneously,” Erdogan said in Istanbul over the weekend. “Any method other than this will not benefit Turkey, but will harm it.”
The BRICS grouping, named after Brazil, Russia, India and China and South Africa, includes some of the biggest emerging economies. It got four new members at the start of this year when Iran, the UAE, Ethiopia and Egypt joined its ranks. Saudi Arabia was invited to join, though the kingdom is yet to do that.
🔗SOURCE ➡️ Bloomberg
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As the disobedience continued, the US took the route of sanctioning the individual banks that did not comply in these countries, forcing them to have a sort of foot in both camps, one in the BRICs/Mir/CHIPs axis, another in the Western/SWIFT axis.
3/11/22 — Turkey Won't Sanction Russia, Despite NATO Pressure
4/19/22 - Justices Rule Turkish Bank Must Face US Prosecution for Sanctions Violation
....While Turkey has been towing a middle line, like the Gulf states and India, they have also been teeter-tottering a bit between both axes, a bit like India.
... US targeting Turkish banks and private entities of other countries who stayed connected to Mir, Reuters described in September of 2022 described how this specifically propelled India to integrate the Mir system. Blowback, blowback, blowback.
9/23/22 — Reuters: Russia Hides Details, but Says Mir Bank Cards Still Work in Turkey
9/19/22 — Two Turkish Banks Suspend Russian Mir Payments After U.S. Sanctions
2/6/23 — US Sharpens Focus on Russia Sanctions Evasion, Warning Turkish Banks, Businesses
The US took the same route with other non-compliant countries, forcing countries to essentially have a foot in and out of both pools, economically impacting them negatively.
... the blowback of this was wreaking diplomatic and economic ties between the US and the countries we were attempting to impose sovereignty over.
March 2022 Flashback: US Hegemony Threatened As Saudis, UAE, India Ignore Threats of Sanctions, Turn to Russia/China
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