Blocking Russian Payments: to Be or Not to Be for Financial Multipolarity?

... BRICS financial initiatives, such as the New Development Bank, the Contingent Reserve Arrangement (CRA), the use of national currencies and payment systems for international settlements are too dependent on the dollar and the U.S.-centric financial architecture,... ... none individually, i.e. without granting unilateral advantages and privileges, as is the case with the U.S. dollar. A BRICS interregional currency is a prerequisite for financial multipolarity. However, the successful launch of this megaproject requires ...