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New Development Bank and the Reserve Currency Pool Many observers see the establishment of the New Development Bank (NDB) and the Reserve Currency Pool as a BRICS-led challenge to the International Monetary Fund and the World Bank, while the emergence ...
... CNN, due to the European and American preoccupation with the Greek crisis. Nevertheless, the Summit marked a significant move forward in terms of materializing ideas into tangible action plans. The recently published ‘MOU on Cooperation with the New Development Bank’ is one of the key examples that illustrate the intensified collaboration. Due to the persistence of stories in academic articles with respect to BRICS as a new actor in the arena of global governance, the following does apply: ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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