MOSCOW (Sputnik) - BRICS' New Development Bank (NDB) plans to start lending in the South African and Brazilian currencies in order to reduce global dependence on the US dollar, the British newspaper reported on Tuesday, citing the lender's head, former Brazilian President Dilma Rousseff.
With the implementation of lending in the South African rand and Brazilian real and with reduction of reliance on the US dollar, the NDB is planning to promote the development of a more multipolar global financial system, the newspaper said, citing the bank's president.
"[The NDB's] aim is to reach about 30 per cent of everything we lend... in local currency," Rousseff said in an interview with the newspaper.
She added that loans in South Africa and Brazil would be granted in the corresponding national currencies......more below
All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. Sun Tzu, The Art of War
The Empire of Chaos is relentless. Lawfare, destabilizations, sanctions, kidnappings, color revolutions, false flags, annexations: 2025 will be the year of BRICS – plus BRICS partners – as choice targets under fire.
Inestimable Prof. Michael Hudson coined “chaos” as official US policy. That’s bipartisan – and it runs across all silos of the Deep State.
In the absence of long-term strategic vision, and amidst the progressive imperial expulsion from Eurasia, all that’s left for the Hegemon is to unleash chaos from West Asia to Europe and parts of Latin America – a concerted attempt to Divide and Rule BRICS and thwart their collective drive affirming sovereignty and the primacy of national ...
While NATO may be yearning to take on Russia in the Arctic, many of its troops lack the necessary expertise for survival in such extreme conditions.
Although NATO forces regularly participate in drills in the region, many remain unprepared for the harsh realities of Arctic life.
Though NATO forces routinely participate in the bloc’s drills in the region, many of them are still not prepared to survive in the Arctic’s harsh conditions, The Sun reports citing Minna Alander, a researcher at the Finnish Institute of International Affairs.
"Not all NATO allies have the capabilities that are needed and that work in the Arctic environment and climate,” Alander said.....more below
