pull down to refresh
Well, You can bet that fighting the Petrodollar is a strong common interest
Yeah, and now India buys oil and gas for cheap from Russia, paying in rupies, which Russians have no much use for, LOL.
What use would have SWIFT/USD to them after having been expropiated by the US? They need to establish another settlement system asap
I don't believe BRICS will have common own settlement system and base currency anytime soon. Russia trades with India in rupies, with China in yans, etc. Basically China and India can and do now exploit weakness of Russia.
They need their time. I think it could be a currency basket backed by gold what they are aiming at
bloc is Cold War remnant language. Let's move on!
But it gets worse than being a cold war...
Better believe it. That's why we have to remember the past, but stop with old thinking and language.
You're right. But in my business it's still a commenly used symbol
I would not call them "bloc", just group of countries each having their own interests. Saudi Arabia and Iran is even waging actual proxy war between themselves since 1979. India and China had actual border skirmishes just 3 years ago.