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Putin’s errors over Ukraine could herald big change for global finance

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The inventor of the Brics acronym says sanctions against Russia have exposed nations’ dependence on the western economic system

Leading western nations have removed key Russian banks from the Swift network behind the global financial system.Leading western nations have removed key Russian banks from the Swift network behind the global financial system.Last modified on Tue 1 Mar 2022 12.47 GMTas a “Bric”, the acronym I dreamed up in 2001 to describe the possible future largest emerging economies in the world – Brazil, Russia, India and China – I would go to Russia reasonably frequently.

 

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Putin’s errors over Ukraine could herald big change for global financeAnalysis: Sanctions against Russia have exposed nations’ dependence on western economic system
Source: The Guardian - 🏆 84. / 53 Read more »