BRICS are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multi-polar world order and developing modern models for the world’s financial and trading systems. – Putin,The BRICS Post Vladimir Putin assumed the annual Presidency of the BRICS last Wednesday and Shanghai will be the host city for the BRICS headquarters.[...]
Tag: BRICS
Russia joins China-led Asian Bank
Beijing’s staunch ally, Russia, on Saturday announced its decision to join the China-led Asian Infrastructure Investment Bank, the latest in the growing list of countries applying for membership, including US allies in the European Union. Russian Deputy Prime Minister Igor Shuvalov, at the 2015 annual conference of the Boao Forum for Asia in the coastal town of China’s southern island[...]
Putin Warns Of Risk Of Major Conflict, Says Dollar Losing Reserve Currency Status
Having been relatively quiet for a while, Russia's leader Vladimir, speaking in Sochi (following meetings with Middle East crown princes who confirmed Russia as a key partner - "isolated"?), has unleashed his most aggressive statements with regard the failing world order: *PUTIN SAYS U.S. DOLLAR LOSING TRUST AS RESERVE CURRENCY *PUTIN: WORLD WITHOUT RULES IS POSSIBILITY; ANARCHY[...]
CURRENCY WARS ALERT: Big Nations Snub Beijing Bank Launch After US Lobbying
Jamil Anderlini Financial Times, London Tuesday, October 22, 2014 BEIJING — China will officially launch a new $50 billion Asia Infrastructure Investment Bank on Friday as it steps up its challenge to global financial institutions like the World Bank that it feels are dominated by America and its allies. But only 20 mostly small economies, many of them effectively client states of China, will [...]