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Wednesday, November 30, 2022
Lula’s Re-Election in Brazil Augurs Well for Brics Expansion
President is likely to call for more South American countries and others to be brought in
With the BRICS nations in the news due to a considerable planned expansion of the bloc by another 13 nations, we look at the current intra-BRICS trade
Russia top two banks–Sberbank and VTB Bank –have emerged as the first foreign lenders to receive the approval. Russia’s Gazprom, which does not have its branches in India, has also opened this account with state-run UCO Bank
As the digital economy develops, new economic and political forces appear on the world stage that have to compete with the US and the EU. These economic systems are counterbalanced by the BRICS countries
The BRICS and other economies are exploring ways to bypass the dollar system
The new BRICS reserve currency can act in concert with the stronger role performed by BRICS national currencies to take on a greater share of the total pie of currency transactions in the world economy
Would ease transactional difficulties for Russian investors in China