Quotes
This growth from a very low base is not an immediate and direct threat to the US dollar, which seems to be retaining its global dominance despite the shifting role of the USA in the global economy and markets,
wrote the ING analysts
A key element that these systems cannot easily replicate is the stability, liquidity, and convertibility of the US Dollar,
wrote Tom Keatinge, the director of the Centre for Finance and Security at UK"s Royal United Services Institute, in a note a ThursdayWe welcome the use of local currencies in financial transactions between BRICS countries and their trading partners,
said the Kazan DeclarationThe extent to which such alternative payment systems take root will be a function of trust in the form of payment on which the system is based and the extent to which participants in the system want to hold that alternative form of payment,
wrote KeatingePresident Putin seems to have kicked the idea of a single BRICS currency into the long grass,
the ING analysts wroteThe amount of intrinsic problems inside the BRICS union, in my view, makes these cross-border payment systems a kind of a red herring which would not fly anywhere higher than the idea of a BRICS currency,
Alexander Kolyandr, a non-resident senior scholar at the Center for European Policy Analysis, said at a press briefing on MondayNevertheless, BRICS+ has the potential to challenge some DM currencies in the future,
they added, referring to developed markets
We are not refusing, not fighting the dollar, but if they don't let us work with it, what can we do: we then have to look for other alternatives, which is happening,
Putin said at the summit on WednesdayInstead, the focus is on decreasing the use of the dollar and, where possible, increasing the use of BRICS currencies,
they addedSuch perverse methods and approaches -– to put it bluntly -– lead to the emergence of new conflicts and the aggravation of old disagreements,
Putin said
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The West, the U.S., Washington, Brussels, London ended up isolating themselves,
said Yevgeny Popov, host of a popular political talk show on state channel Rossiya 1.We have never doubted that the North Korean leadership takes our agreements seriously. What and how we will do within the framework of this article (of the agreement) is our business,
he saidThe task now is to work with our partners in the U.S., Europe, and the Arab world to find a viable diplomatic solution that safeguards the legitimate security interests of both Israel and Lebanon,
Baerbock said in a statement
We’re very attentive to the fact that the risk of broader conflict is high, and that’s all the more reason why we’re determined and acting to try to make sure that we prevent that,
he saidWith regard to Iran, we, of course, are concerned about the potential for broader conflict, particularly since Iran launched its second direct attack on Israel, using ballistic missiles just 23 days ago,
he saidIt was the third year of the war, and the UN Secretary-General was shaking hands with a murderer,
Navalnaya said on X, posting a photo of Putin greeting Guterres
We need to continue to push for a ceasefire in Gaza, relaunch the two-state solution and stop the spread of war in Lebanon. There should be no more suffering and destruction in Palestine and Lebanon,
Xi saidWe are ready to look at any proposals for peace negotiations that are based on the realities on the ground. We won’t accept anything else,
he saidMost Russian partners in BRICS+ also have no intention of following Moscow’s lead into a post-Western world…To them, BRICS+ is a vehicle for strategic hedging,
she added, referring to the expanded version of the alliance that includes Egypt, Ethiopia, Iran and the United Arab Emirates
We need to work for an early de-escalation of the situation and pave the way for a political settlement,
Xi said