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What BRICS Cannot and What It Can Deliver

... West-made financial institutions—the New Development Bank, or NDB (which is regarded as a plausible alternative to IBRD) and the BRICS Contingent Reserve Arrangement, or CRA (a potential alternative to IMF). Though both NDB and CRA remain relatively young and modest initiatives, over time they might well turn into cornerstones of the new global financial architecture. Besides, BRICS is destined to accelerate the ongoing process of de-dollarization of the global economy by promoting trade between its members in local currencies and experimenting with an innovative digital payment platform (the so called “BRICS Bridge”) and other payment mechanisms. It will be particularly important for the countries exposed ...

23.10.2024

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BRICS Strategic Partnership for Global Stability, Shared Security and Innovative Growth

Article by Foreign Minister Sergey Lavrov for the media of the BRICS countries "BRICS Strategic Partnership for Global Stability, Shared Security and Innovative Growth", November 12, 2019 ... ... withdrawal from the Intermediate-Range Nuclear Forces Treaty was a rather dangerous step. Structural imbalances in the world economy are yet to be overcome. A serious threat to global economic growth is posed by such unfair competition practices as unilateral ...

13.11.2019

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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%)