![]() ![]() Yet a former White House economist sees a way that a BRICS currency could end dollar dominance. Treasury Secretary Janet Yellen believes the dollar will remain dominant as most countries have no alternative. The appeal of de-dollarization and a possible BRICS currency would be to mitigate such problems. ![]() Together with other BRICS countries, China has also criticized the use of sanctions as a geopolitical weapon. The Chinese government has also clearly laid out its concerns with the dollar’s dominance, labeling it “the main source of instability and uncertainty in the world economy.” Beijing directly blamed the Fed’s interest rate hike for causing turmoil in the international financial market and substantial depreciation of other currencies. He has reenergized the group’s commitment to de-dollarization and spoken about creating a new Euro-like currency. Lula is a longtime proponent of BRICS who previously sought to reduce Brazil’s dependence on and vulnerability to the dollar. Meanwhile, the 2022 election in Brazil reinstated Luiz Inácio Lula da Silva as president. And the West froze Russia’s US$330 billion in reserves last year. Because of sanctions, Russian banks have been unable to use SWIFT, the global messaging system that enables bank transactions. Russian officials have been championing de-dollarization to ease the pain from sanctions. But what currency discussions do show is that the BRICS countries are seeking to discover and develop new ideas about how to shake up international affairs and effectively coordinate policies around these ideas.Īll the BRICS nations have been critical of the dollar’s dominance for different reasons. That all said, a new BRICS currency faces major hurdles before becoming a reality. have raised concerns among other countries about their dollar-denominated debt and the demise of the dollar should the world’s leading economy ever default. Meanwhile, rising interest rates and the recent debt-ceiling crisis in the U.S. And while the BRICS countries have been seeking to reduce their reliance on the dollar for over a decade, Western sanctions on Russia after its invasion of Ukraine have accelerated the process. The BRICS summit comes as countries across the world are confronting a changing geopolitical landscape that is challenging the traditional dominance of the West. Russian “Facebook”,, is also a great place to improve your Russian if you join a few interest groups and try to participate in the discussions.As a scholar who has studied the BRICS countries for over a decade, I can certainly see why talk of a BRICS currency is, well, gaining currency. If you are comfortable enough to perform a search through a native Russian engine, I would recommend using or .Ĭontent aggregators, particularly the ones with a lot of videos, like, can be a great place to find all kinds of videos on a subject of your choosing. I would not say the same about Bing, Yahoo or any other non-Russian search engine. With that said, I believe you can rely on to perform an accurate search in Russian. It is becoming more and more popular with the Russian population. Google has certainly done a lot of work in Russia. USING SEARCH ENGINES AND MAJOR CONTENT AGGREGATORS You can also use an online keyboard, like this one, to type exactly what you want using Russian letters. You can always copy/paste translated Russian text into your search bar if you don’t have a Russian keyboard. Tip 2! Do not use English letters to spell Russian words. Using individual relevant words or several words might give you better results. Tip 1! Do not try to use sentences if you do not know how to change the word endings properly. Copy and paste the Russian words into your search bar. ![]() Translate the words into Russian using Google Translate (or another similar application). Figure out what words you want to use in English. You should keep your query (words that go into the search bar) as short and as specific as possible. Today I will give you some tips and links to make the task of finding the right type of Russian content more fruitful and enjoyable.Ĭhoosing the right search words can be challenging even in your own language. Having at least some knowledge about Russian search engines and major content aggregators. Immersion, immersion, and… immersion is one of the best ways to master any language!Ģ. If you haven’t considered watching/reading Russian content online for improving your Russian, you definitely should. If you are trying to improve your Russian by searching for content in Russian online, you might be having a hard time finding what you are looking for. ![]()
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