more on BRICS, the real reason for US imperial adventurism in the Ukraine
"..In July 2014, the Governor of the Russian Central Bank,
Elvira Nabiullina, said that the "BRICS partners the establishment of a system of multilateral swaps that will allow to transfer resources to one or another country, if needed" in an article which concluded that "If the current trend continues, soon the dollar will be abandoned by most of the significant global economies and it will be kicked out of the global trade finance. Washington's bullying will make even former American allies choose the anti-dollar alliance instead of the existing dollar-based monetary system."
[29]
Over the weekend of 13 July 2014 when the final game of the World Cup was held, and in advance of the BRICS
Fortaleza summit, Putin met his homologue
Dilma Rouseff to discuss the BRICS development bank, and sign some other bilateral accords on air defense, gas and education. Rouseff said that the BRICS countries "are among the largest in the world and cannot content themselves in the middle of the 21st century with any kind of dependency."
[30] The Fortaleza summit was followed by a BRICS meeting with the
UNASUR presidents in
Brasilia, where the development bank and the monetary fund were introduced.
[5] The development bank will have capital of US$50 billion with each country contributing US$10 billion, while the monetary fund will have US$100 billion at its disposal.
[5]
On 15 July, the first day of the BRICS 6th summit in
Fortaleza, Brazil, the group of emerging economies signed the long-anticipated document to create the US$100 billion
BRICS Development Bank and a reserve currency pool worth over another US$100 billion. Documents on cooperation between BRICS export credit agencies and an agreement of cooperation on innovation were also inked.
[31]
..ibid
Comrade Stalin
Brasilia