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Financial Settlements Within the BRICS Framework: Moving Forward, Despite Problems

... analogue of the American dollar in BRICS in the form of the currency of one of the member countries? The question is whether China itself is ready to internationalize the yuan to the extent that the US dollar has today. Evelina Fokina: Institutionalization ... ... Review to Making Reality The fourth problem is the unbalanced and fragmented balance of payments when making payments in national currencies. This problem arises, for example, in trade relations between Russia and India, where the Russian side has a surplus ...

18.03.2024

analytics

R6 — the Case for a New Global Currency Basket

... for fertilizers, Russia pays India in Resolve for tea, and India pays in Resolves to South Africa for distillation products. The merits for accelerating and expanding the scope of NDB are not only inherent in the form of more elasticity for national currencies but also bringing Asia Pacific (China), Eurasia (Europe), India (Sub-Continent), Middle East or West Asia (Iran) Africa (South Africa) and South America (Brazil) together. An immediate intra-continental set of synergies will emerge through issuing bonds, loans and even trade finance....

11.09.2019

expert column

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)