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Wednesday, April 24, 2024
Iran, Russia Finalizing Agreement for Constructing Rasht-Astara Railway
Tehran and Moscow are finalizing the draft of a contract for the implementation of the agreement to construct the Rasht-Astara Railway
Times are tough for the US dollar. Once a symbol of stability and a pillar of the global economy, it now faces a gradual erosion of its supremacy. Amid fluctuating monetary policies and geopolitical tensions, the foundations of its dominance are being questioned. Like the BRICS, many countries are abandoning the US dollar for various reasons
New Delhi demands Washington to stop interfering in its internal affairs.
It remains unclear whether a new round of BRICS enlargement will occur or not. Should this happen, the BRICS leaders would utilize their own criteria, which are not public. It is likely that a decision will be reached by consensus, implying that the interests of all BRICS members would be considered, writes Valdai Club Programme Director Oleg Barabanov
Four countries recently joined the economic bloc, and the door has been left open for further additions
With Russia taking the lead, the BRICS bloc is talking about creating a new payment system that isn’t controlled by the United States and that is not dependent on the dollar
In an era of growing interconnectedness amongst regional and global blocs, economic corridors are gaining momentum as one of the main drivers of such connectivity initiatives