IMF will be getting some competition: Brics Development Bank on the way

The BRICS countries (Brazil, Russia, India, China and South Africa) have made significant progress in setting up structures that would

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Russia barters with Iran for $20 Billion worth of goods for $20 Billion in oil (not using the U.S dollar)

Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran

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