Its a heavy double edged sword. Russia is heavily dependent on their resource extraction and export industry, and if other countries are hit hard by a financial crisis… then who will be able to pay for the resources Russia’s selling? And how?
BRICS. The financial crisis will only affect dollars. These countries can trade in their national currencies. Later, they can streamline this trade with a common trade currency, that is only used for settling balances and cannot be spent in any domestic country (unlike the USD, which privileges Americans).
Its a heavy double edged sword. Russia is heavily dependent on their resource extraction and export industry, and if other countries are hit hard by a financial crisis… then who will be able to pay for the resources Russia’s selling? And how?
BRICS. The financial crisis will only affect dollars. These countries can trade in their national currencies. Later, they can streamline this trade with a common trade currency, that is only used for settling balances and cannot be spent in any domestic country (unlike the USD, which privileges Americans).