23rd July, 2014
BRICS nations launch New Development Bank, strike blow at London and Wall Street
Is the timing of the MH17 catastrophe in Ukraine, and the way the U.S., Britain and Australia immediately seized on it to escalate their strategy of tension against Russia and Vladimir Putin, connected to the fact that the BRICS power bloc, which includes Russia, just hours earlier struck a killer blow to London and Wall Street’s financial stranglehold over the world, by announcing the establishment of alternatives to the IMF and World Bank, and trade deals that will exclude the U.S. dollar?
The heads of state of the BRICS nations—Brazil, Russia, India, China and South Africa—announced the founding of the New Development Bank (NDB) at the conclusion of their 14-16 July summit in Fortaleza, Brazil.
The 72-point Fortaleza Declaration issued at the summit proclaims, “We call for an international financial architecture that is more conducive to overcoming development challenges.”
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