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0 sats \ 4 replies \ @GhostofTruth OP 29 Dec 2023 \ parent \ on: BRICS Expansion: A Powerful Energy Bloc Assumes Shape news

Well, You can bet that fighting the Petrodollar is a strong common interest

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25 sats \ 3 replies \ @kristapsk 29 Dec 2023

Yeah, and now India buys oil and gas for cheap from Russia, paying in rupies, which Russians have no much use for, LOL.

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0 sats \ 2 replies \ @GhostofTruth OP 29 Dec 2023

What use would have SWIFT/USD to them after having been expropiated by the US? They need to establish another settlement system asap

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50 sats \ 1 reply \ @kristapsk 29 Dec 2023

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.

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0 sats \ 0 replies \ @GhostofTruth OP 29 Dec 2023

They need their time. I think it could be a currency basket backed by gold what they are aiming at

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