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Russia Presses BRICS to Allow Payment Routes Around Sanctions
As Russia is being squeezed by Western sanctions, it is reaching out to its partners in the BRICS bloc (Brazil, India, China, and South Africa) to allow transactions in their local currencies and to integrate payment systems. This follows the move ...
File image of a worker cleaning solar panels installed on the roof of the traditional Gedhe market in Klaten, Central Java. China’s $180 billion clean tech push is reshaping the Global South, with Indonesia a key test of who controls new green industries. (Photo: DEVI RAHMAN / AFP)
By Cobus van Staden, CGSP Head of Research Remember “no blood for oil”? Decades ago, the slogan emblematized opposition to the U.S. invasion of Iraq. Its logic subsequently shifted as the United States experienced a gas and oil revolution thanks to fracking.
Russia Presses BRICS to Allow Payment Routes Around Sanctions
As Russia is being squeezed by Western sanctions, it is reaching out to its partners in the BRICS bloc (Brazil, India, China, and South Africa) to allow transactions in their local currencies and to integrate payment systems. This follows the move ...