... special and important
In mid-May Russia’s President Vladimir Putin will fly to China on an official state visit. A sceptic would say that this visit is not really... ... increasingly concerned about the scope of the likely negative impact that secondary sanctions might have on their business prospects. After the European Union had introduced... ... offers a number of opportunities that should not be overlooked. It is the year for BRICS to properly digest and absorb its recent enlargement, and Russia will have to...
... countries’ economies are still quite closely integrated into American-centric financial calculations. The severance of such ties will be painful for most of them. They will not force the abandonment of the US dollar in settlements. This also applies to China, which seeks to keep its rivalry with the United States under control. A telling indicator is that the BRICS New Development Bank also uses US dollars. Obviously, the bank will avoid transactions with persons who are under US blocking sanctions, fearing US secondary sanctions. The threat of such sanctions is also perceived as a risk by banks in the BRICS countries, especially following the December 2023 amendments to Executive Order 14024. The amendments give the US Treasury the authority ...
It is the time for a more inclusive global financial structure
Sanctions and Sacrifice of Generations
Ivan Timofeev:
US Withdrawal From the JCPOA and Anti-Iranian Sanctions: Pros and Cons
... ... progress with Nord Stream II while expanding Permian oil and gas basin on full speed, or its growing and guided trade war with China and lately India are all signs of major concern for the custodian of the global reserve currency.
New World Begets a New ...