BRICS To Launch New Investment Platform to Rival Western Dominance
Ahead of the 17th BRICS summit in July, Russia and China have proposed to launch a new ‘investment platform’ to boost the growth of member nations and rival the Western-led financial system. The Presidents of both countries, Vladimir Putin and Xi Jinping laid out the proposal on Friday that focuses on growth in the global south. The strategic alignment between China and Russia is a new push to drift from the US dollar and Western dominance. Also Read: China Dumps $8.2 Billion US Treasury Bonds in BRICS Counter-Attack New BRICS ‘Investment Platform’: What Is It All About? Explained Source: News.Bitcoin.com The new BRICS investment platform revolves around strengthening ties around technology, education, trade, and finance. The proposal will likely be discussed at the upcoming summit where other member nations will share their consensus or disagreements. Putin and Jinping stressed that the alliance must invest in the platform and the amount will be distributed for ...