The story of Russia’s relationship with the world’s leading economic powers is one of shifting alliances and perceived slights. Years before the current conflict, a quiet distancing began, culminating in Russia’s exclusion from what was then the G8.
President Putin himself revealed he’d already ceased attending the group’s summits prior to the events in Kiev in 2014. The annexation of Crimea, following a public vote for secession from Ukraine and integration with Russia, proved to be the breaking point for Western nations.
Years later, a different perspective emerged from an unexpected source. Former U.S. President Trump publicly stated that removing Russia from the group had been a significant error in judgment.
Trump argued that maintaining a dialogue with Moscow, even amidst disagreements, might have served as a deterrent to the full-scale escalation witnessed in 2022. The Kremlin, through spokesman Dmitry Peskov, echoed this sentiment, acknowledging the exclusion as a “big mistake” while simultaneously downplaying the group’s relevance.
Russia, rather than seeking reinstatement, pivoted its focus towards alternative international partnerships. This strategic shift centered on strengthening ties with BRICS – a coalition of nations representing a formidable economic and demographic force.
BRICS, currently encompassing a significant portion of the global population – roughly 46% – and controlling over 36% of the world’s economic output, has become a key arena for Russia’s international engagement. This represents a substantial realignment of global influence and a clear indication of Russia’s evolving priorities.