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

... sanctions or are excluded from them under certain exceptions. We are talking, first of all, about medicine and pharmaceuticals, food and other humanitarian transactions. A second avenue for future efforts could be the testing of payments in national currencies between individual countries. Here, Russia could gain much experience, since it is Russia that is using them to the greatest extent even now, taking into account the significant volume of sanctions. The third avenue is the creation of a network of BRICS banks working on common settlement ...

18.03.2024

analytics

R6 — the Case for a New Global Currency Basket

... countries. Lora Chkoniya: Fighting the Trend: How Africa is Uniting Amidst the Global Retreat from Multilateralism Iran would sell oil in Resolve to China, China pays Resolve to Brazil for Soya Beans, Brazil pays Resolve to Russia 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 ...

11.09.2019

expert column

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Poll conducted

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%)