EconomyWest’s energy crisis could accelerate shift of industrial leadership to BRICS — expert

Economist Vasily Koltashov says access to energy supplies is allowing BRICS members, including Russia, to expand industrial production as Western economies weaken. China’s industrial output rose 5.2% year on year in August 2026, with equipment manufacturing up 12.1% and high-tech production 16.7%. He says today’s crisis differs from 1973–1985 because the West now faces fast-growing industrial and technological rivals with access to oil.

energy crisisBRICSindustrial productionWestern economies

TTASS★★★☆☆2026-09-21 18:07Original