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Financial Settlements Within the BRICS Framework: Moving Forward, Despite Problems

... financial institutions fail to provide it, they risk inviting sanctions. In other words, even if we assume that payments in national currencies will start working conditionally tomorrow, they will not provide banks with a final solution to the problem of secondary ... ... to exercise caution and “excessive compliance.” The risks of secondary sanctions also arise for banks in connection with Iran's membership in BRICS. In itself, the presence of such a large regional player within BRICS strengthens its political potential....

18.03.2024

analytics

R6 — the Case for a New Global Currency Basket

... for fertilizers, Russia pays India in Resolve for tea, and India pays in Resolves to South Africa for distillation products. The merits for accelerating and expanding the scope of NDB are not only inherent in the form of more elasticity for national currencies but also bringing Asia Pacific (China), Eurasia (Europe), India (Sub-Continent), Middle East or West Asia (Iran) Africa (South Africa) and South America (Brazil) together. An immediate intra-continental set of synergies will emerge through issuing bonds, loans and even trade finance. Some of the GCC countries also share the R in their Rials in KSA and Qatar....

11.09.2019

expert column

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)