Some thoughts and facts about BRICS/BRICS+.
As we know, the economy of this union is based on the economies of China and India. The other players are just raw material appendages for these two economies. We can fantasize a lot, but the economies of all the others are small percentages of the economies of China and India, and they do not produce anything competitive.
Now for the relationships and nuances.
Let me give you the most vivid example: trade between India and Russia, as well as between China and Russia.
Story 1: "Indian tricks" or how to buy something and get all the money back without giving back what you bought!?
As you know - the biggest buyer of oil from Russia is India. Why? Well, because of sanctions, and the pariah country needs somewhere to put its huge oil reserves to somehow support its deteriorating economy.
And you may have heard that Russia recently pompously reported an increase in crude oil sales?
Any idea how these events are related ?
I guess you do, but you probably haven't realized the full picture yet. So, "let's reveal the cards, the Indian trick" !
India buys oil from russia for ... RUPIA !
The idea was that russia gets rupees, converts them into dollars critical to russia's economy, and supports its dying economy.
The process was started, oil went to India, and rupees... and rupees didn't go anywhere
They stayed in the correspondent accounts of Russian companies..... in INDIAN BANKS !
Why? Well, because India forbade to withdraw them under the risk of US sanctions. For almost half a year, Russia has been trying to get India to agree to some scheme so that Russia could somehow get its money.
Here's the trick! India has agreed! But the scheme is as follows - the blocked rupees of Russian companies remain in India, and are invested in the economy ... INDIA !
And then Russia will receive investment income ... in RUPIA
But how to withdraw rupees from India - we have already read above in the text
Story 2: Russia-China or "Donkey and master" (s) S.Lavrov
As we all know - last week, Xi JinPing summoned the entire top brass of Russia. Reasons - Xi's previous dialogs with the EU and the US.
Expectations of Russia - unblocking of Russian funds in China, unblocking of goods from China and other "manifestations of friendship and economic cooperation within BRICS".
Bottom line: Xi said succinctly: NO ! There will be no unblocking, no supplies, no ... expensive gas from russia, you can supply topinambur and bone meal to china. Forget the rest ! Because ... China is afraid of U.S. sanctions. Because it will kill China's economy instantly.
Bottom line of these stories: what kind of independence, self-sufficiency, influence of BRICS /*BRICS+ can we talk about if 2 major economies use other countries as raw material appendages, and one country "with the second economy of the world" is hysterically afraid of US sanctions, wiping its feet on "its brother and friend for centuries" ?!
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