West Pulls Out $3.5 Trillion From BRICS to Pressure the Group – Official

What you won’t hear from the state-controlled Sputnik News is that BRICS itself was brought about with the intention of bringing pressure on the West, namely the United States. They arrived on the scene first and America is only pushing back. However, Sputnik puts a great spin on it and portrays BRICS as the victim. Moreover, it might be too little too late for the U.S. to maneuver as it has been in suicidal decline for over a decade now.

 

The Russian Security Council Secretary said that Western countries withdrew its capital from the BRICS countries to exert pressure on the group.

MOSCOW (Sputnik) – Western countries have pulled out more than $3.5 trillion over the last 10 years and $1.5 trillion from BRICS countries over the last three years as a mechanism to pressure the group, Russian Security Council Secretary Nikolai Patrushev said Tuesday. Continue reading

Russia braces for crippling US sanctions as Ukraine turns deadly

A continued escalation could mean a further and more serious step towards debasing the petro-dollar, which would in turn break the backbone of the American economy.

Deadly clashes in eastern Ukraine and warnings of broader US sanctions against Russia have sent tremors through Moscow’s financial markets and forced the country to cancel a sovereign debt auction yet again.

Russia’s RTS equities index fell to a one-month low, with Gazprom and Sberbank both down 3.5pc in volatile trading. Russia’s treasury pulled a 20bn rouble (£330m) bond auction intended to test the waters, saying there were no buyers at an acceptable cost. Yields on 10-year Russian bonds have jumped to 9.17pc.

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