dollar. As per the deal, 95 per cent of the $260 billion worth of trade will be settled in yuan. The remaining 5.0 per cent will be settled in Ruble and the Euro.
Hah ha. Russia gets less than 5%. Less than 13 billion. Get fucked.
Seems like a power play for China.🇨🇳 The next stage is the Cold War is upon us.
For those, like me, who had never heard of BRICS before this article.
BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Originally identified to highlight investment opportunities,[1] the grouping evolved into a cohesive geopolitical bloc, with their governments meeting annually at formal summits and coordinating multilateral policies since 2009.
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