The most interesting outcome of the last BRIC Summit was the agreement to boost cooperation on the use of local currencies in trade transactions. The agreement between banks in Russia, India, China and Brazil that service import-export operations is intended to measure trade directly in national currencies. This is an […]

On the eve of BRIC Alliance Summit opening tomorrow in Brasil we are republishing a last-year article by the German observer Michael LIEBIG as an introduction for coming analysis… The BRIC countries – Brazil, Russia, India, and China – are no longer content with being invited to the G20 and […]