Turkey, warehouse and bridge for metals trade to Russia
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News Date: August 8, 2022
Turkey offers a warehouse and bridge for metals trade to Russia.
Turkish metals sector to serve as 'warehouse and bridge,' the head of an industry group said, citing increased interest from Russian companies and also from EU companies seeking to sell to Russia via Turkey.
This comes after 5 of Turkey's banks adopted Russia's payment system and the country said it would look to ditch the dollar for Russian energy.
Sources: reuters.com
Saudi Arabia wants to join BRICS
South African president says Saudi Arabia wants to join BRICS.Cyril Ramaphosa revealed this during his two-day state visit to the kingdom on Sunday.
The BRICS nations are going to be meeting in a summit next year under the chairship of South Africa.
And the matter is going to be under consideration.
Sources: insiderpaper.com
BRICS, EAEU & SCO alliance
The second Eurasian Economic Forum, which will be held in Moscow on May 24 - 25, will feature discussions on the integration of BRICS, EAEU & SCO blocks."The expansion of mutually beneficial cooperation between integration formats not only contributes to the growth of national economies but can also have a significant impact on the formation of new approaches to the functioning of the global market,", Mikhail Myasnikovich, the chairman of the board of the Eurasian Economic Commission, explained on their official website.
BRICS planning SWIFT competitor
The BRICS nations, have announced plans to establish their own money-transferring network, aiming to challenge the SWIFT international payment system.Russian Finance Minister Anton Siluanov revealed this ambitious strategy in an interview with TASS news agency.
This initiative is geared toward enabling seamless cross-border transactions among BRICS member countries, reducing costs and risks associated with external financial intermediaries.
It also seeks to promote the use of BRICS currencies in international trade, potentially diminishing the dominance of the US dollar.
The BRICS network aims to rival SWIFT's capabilities by developing advanced payment infrastructure and cybersecurity measures.
While benefiting BRICS nations, it could also enhance competition and efficiency in the global financial system, benefiting businesses and individuals worldwide.
This move signifies the BRICS nations' determination to reduce reliance on Western financial systems and assert more influence in global finance.
More fair global governance
Russia's Medvedev meets China's Xi in Beijing.Former Russian president has undertaken a surprise trip to Beijing and held talks with Chinese President Xi Jinping during which he said they discussed strategic partnership.
'China is ready to move closer to Russia for the sake of more fair global governance' -Xi Jinping.
Sources: reuters.com
SWISSINDO cult claims return of $6m gold share for each of 7.6 billion people
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Source:allto1.webs.com/www-swissindo


