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OverviewAPI
BRICS, an alliance of emerging market nations, has evolved to include Saudi Arabia, Iran, the United Arab Emirates, Egypt, Ethiopia, and Argentina, signaling a challenge to the dominance of the US and the EU in the global economic landscape. The group aims to challenge the dollar's dominance in oil and gas trading and increase global clout, but diverging interests and the influence of China and Russia pose challenges to its ability to take concrete action.

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