Russia's Medvedev: The BRICS could develop its own reserve currency.
Russia's Medvedev:  The BRICS could develop its own reserve currency.
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Brics: Former president and prime minister Dmitry Medvedev, who now serves as deputy chairman of Russia's Security Council, has suggested that the BRICS group of countries may establish a new global reserve currency to better serve their economic interests. According to the former prime minister, Brussels deliberately pushed itself into a crisis that has long since resulted in the crisis in the euro zone. First, EU members used a sanctions pistol to shoot themselves in the head. They are currently experiencing the unfavourable effects of their decreased production, postcritical food price inflation, decreased competitiveness of their goods, and expectations of freezing homes in the winter without our gas. Globally speaking, this demonstrates the extremely misguided nature of the sanctions imposed on Russia. Sanctions are ineffective. Sanctions hurt Europeans in their own country. Therefore, the euro is weaker.

The deputy chair of the Security Council blasted Washington and London for breading EU politicians into unwise restrictions against Russia, which the White House, at least in comparison, has shown to be better at avoiding. He also accused them of treating them like useful European idiots" and shell game con artists. 

In any case, "the solvency of Europe worries us little," he asserted.
"Our economy needs to be adjusted to the brand-new, extremely challenging conditions. to find industrial solutions, such as securing technological sovereignty. There is still a lot to do in this case "Medvedev published.
The persona Medvedev created for himself in the 2000s and 2010s as an advocate of assimilating with the West and adopting Western standards in business, education, the judiciary, and other fields continues to be challenged by his most recent remarks. After his son's US visa was revoked last month, the former president vented on Telegram about "bastards and degenerates" who hate Russia

In Beijing, China, last month, the BRICS group of countries held their 14th summit, where they decided to work together to strengthen and reform global governance and protect global peace and security. Iran also made its intention to join the emerging economies known last month. Iran cited its "unique geographical position and its capabilities in the fields of energy, transit, and trade" as well as its potential to serve as a "golden route to connect" the east and west in support of this claim.

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