Yuan

<div class="watcher-guru"> 
 <p>The President of <a rel="dofollow" title="France" href="https://thebittimes.com/tag/france.html">France</a>, <a rel="dofollow" title="Emmanuel Macron" href="https://thebittimes.com/tag/emmanuel-macron.html">Emmanuel Macron</a>, cautioned the U.S. and Europe, saying that the world order is changing after the <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> expansion. Macron warned that the new <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance could weaken the West and Europe and turn the tides in their favor. He added that the global financial situation is getting “tougher” as <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> countries become more <strong>“complex”</strong> to trade with.</p> 
 <p><strong>Also Read:&nbsp;US &amp; Europe To Pay in Local Currencies For Oil After <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> Expansion?</strong></p> 
 <p>The latest BRICS expansion runs the risk of<strong> “weakening the West and Europe in particular”, </strong>said Macron to French Ambassadors in Paris. <strong>“Our international order is being challenged,”</strong> he said referring to BRICS using local currencies for trade settlement.</p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div> 
 </div> 
 <h2 class="wp-block-heading" id="h-brics-expansion-could-dethrone-the-us-amp-europe-warns-france-s-macron">BRICS Expansion Could Dethrone the US &amp; Europe, Warns France’s Macron</h2> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp" alt="" class="wp-image-109526" srcset="https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 1024w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 300w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 768w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 1536w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 380w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 550w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 800w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 1160w, https://cdn.thebittimes.com/images/2023/08/30/09b06b124611ceccf277b25899991f47.webp 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Teresa Suarez, AFP
  </figcaption>
 </figure> 
 <p><a rel="dofollow" title="France" href="https://thebittimes.com/tag/france.html">France</a> settled an LNG gas trade with China in March by paying the Chinese Yuan and not the US dollar. <a rel="dofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> members China, Russia, and India are convincing other countries to ditch the US dollar and settle payments in local currencies. The development could hamper the prospects of the US and the West in general tilting financial power to developing nations.</p> 
 <p><strong>Also Read:&nbsp;BRICS Officially Agrees To Stop Using the US Dollar</strong></p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p><strong>“Our international order is being challenged,”</strong> stressed Macron. He highlighted that several countries are creating trade policies fueled by anti-colonialism. <strong>“War has returned to European soil, anti-French sentiment is rife, fueled by anti-colonialism or a perceived anti-colonialism that a double standard is being employed,”</strong> he said.</p> 
 <p><strong>“The world order is changing, with the situation getting tougher and more complicated,” </strong>he said. The French President added <strong>“We need to be clear, without being excessively pessimistic and be wary of the new forms of protectionism. We should also stand for our principles and our values, which are universal,”</strong> Macron summed it up.</p> 
 <p><strong>Also Read: BRICS: US Hits Back at Russia, Looks to End Dependency on Uranium Hold</strong></p> 
 <p>Macron had requested to attend the BRICS summit but his application was turned down by China and Russia. The alliance believes that Macron wants to gain inside information about the BRICS summit and sabotage its upcoming policies.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>brics expansion</li>
  <li>Emmanuel Macron</li>
  <li>europe</li>
  <li>France</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/brics-expansion-could-dethrone-europe-warns-france-s-macron-tbt60971.html">https://thebittimes.com/brics-expansion-could-dethrone-europe-warns-france-s-macron-tbt60971.html</a></p>

BRICS Expansion Could Dethrone Europe, Warns France’s Macron

Table of Contents

TheBitTimes

Other articles published on Aug 30, 2023

Michael Jordan is now worth $3.5B, richer than the entire NFT market

Bitcoin To Hit $30000 After Key PCE Inflation And Jobs Data?

Bitcoin: GBTC Discounted Value Recovers to -18% From -50% in 2022

Cardano (ADA) Eyes Rare Prize as It Boycotts Recent Bull Run

Grayscale Wins Court Battle Over Bitcoin ETF Approval Against the SEC

Worldcoin’s Quest for Transparency Raises Alarming Privacy Concerns Globally

Join our free newsletter for daily crypto updates!