Russia Rejects BRICS, Proposes Historic Deal With the US
Russia is slowly bowing out of the BRICS agenda of cutting ties with the US and the dollar for trade and transactions. In a historic deal, Russian President Vladimir Putin has proposed to supply 2 million tons of aluminum to the US markets. The move could stabilize prices in the commodity metals sector and smoothen out price fluctuations and market volatility. Also Read: De-Dollarization: Economist Predicts the Future of the US Dollar https://twitter.com/bricsinfo/status/1894133063401013756?s=46 In addition, BRICS member Russia also outlined potential deals with the US in supplying rare earth resources. Russia has the world’s fifth-largest rare earth metals reserves that the US could use for industry and military production and benefit immensely. The prospective economic deal covers aluminum and rare earth materials from BRICS member Russia to the US. President Donald Trump had earlier hinted that “major economic development transactions with Russia” could soon take p...