Comments by "Gary VAQ" (@stlouisix1) on "Rus Storms Girnik, 60% Taken, Kiehl Institute: West Unable Match Rus Weapons; BRICS Kazan Summit" video.
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Russia and Iran have almost fully phased out the use of foreign currencies in bilateral trade, the Kremlin has said ahead of the BRICS Summit in the Russian city of Kazan. The two nations cover more than 96% of mutual settlements in rubles and rials, the statement said.
Bilateral trade volume has grown by 12.4% in the first eight months of this year alone, Moscow said, adding that in 2023, it amounted to more than $4 billion. “Both nations’ leadership pays priority attention to developing trade and economic relations,” the statement said.
According to the Kremlin, Russia and Iran are jointly developing several major transport and energy projects, including the construction of new generating units at the Bushehr Nuclear Power Plant in the Islamic Republic and the International North-South Transport Corridor, which will link St. Petersburg, Russia with the Indian port city of Mumbai. - RT
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BRICS to Discuss New Global Financial System – The Dollar’s Final Days?
Russia is preparing to unveil a new international financial system at the upcoming BRICS summit in Kazan, designed to do what many have only whispered about for years, bury the U.S. dollar’s supremacy. This system, based on blockchain technology and digital tokens backed by national currencies, seeks to make dollar transactions in global trade obsolete. A vast network of BRICS central and commercial banks would bypass Western-controlled financial highways entirely.
But there’s more. Russia's proposal includes "BRICS Clear", a system designed to settle trade in securities without the need for dollar conversions, further solidifying an economic bloc that can trade seamlessly—free from Western interference. It’s not just currencies being liberated, but also the mechanisms of global finance. Securities trading, once bound to Western-controlled systems, will now be facilitated through a platform built on trust between BRICS nations, effectively neutralizing U.S. financial dominance. - Intel Republic
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