BRICS Nations Say New Currency May Offer Shield From Sanctions

Naledi Pandor, South Africa's Minister of International Relations, told reporters that the new currency created by BRICS nations may offer a shield from sanctions.

BRICS nations asked the bloc’s specially created bank to provide guidance on a how a potential new shared currency might work, including how it could shield other member countries from the impact of sanctions such as those imposed on Russia.

The foreign ministers of Brazil, Russia, India, China and South Africa convened in...

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