The world has not yet split into two simple blocs. From Andrew Korybko at korybko.substack.com:
The relationship between Russia, the IMF, and BRICS isn’t what most folks have been led to believe.
IMF Communications Director Julie Kozack confirmed during a press briefing on Thursday that the first Article IV consultations with Russia since 2021 will take place next week. She also praised BRICS expansion. Both of these caught multipolar enthusiasts off guard since they assumed that Russia wouldn’t ever re-engage with the IMF, which they consider to be BRICS’ rival. What follows are the exact words that she said, which will then be analyzed in the larger context of Russia’s financial grand strategy:
“The IMF and all of our member countries have a mutual obligation to conduct Article IV Consultations. It’s in our articles of agreement. Actually, in the case of Russia, since the invasion of Ukraine in 2022, the economic situation has been exceptionally unsettled, which has made it difficult to anchor Article IV Consultations, especially thinking about the outlook and policy frameworks for both the near- and the medium-term.
Now that the economic situation is more settled, Article IV Consultations with Russia are resuming, as I said at the beginning, in line with the obligations of both the Fund and the member country.
As part of the upcoming Article IV Consultation, the team will hold bilateral discussions with the Russian authorities. It will hold both virtual discussions from September 16th, and then the team will travel to the country for in person meetings. As is the case for all Article IV Consultations, the team will meet with a number of different stakeholders to discuss the country’s economic developments, prospects, and policies. And I think that I’ll leave it at that.
…
With respect to the BRICS or any other groups of countries, our view is that improved and expanding international cooperation and deepening trade and investment ties among groups of countries should be welcomed and encouraged, provided that they aim at reducing fragmentation and reducing trade and investment costs among members. The decision to join such initiatives is a sovereign decision of each member country. And I’ll leave it at that.”
VV wants to be friends with the west and they play him like a cheap fiddle?
All sides go to the banksters for shekel buckets, kind of like wrestlers enjoying a good steak meal after some kayfabe kabuki.
Word is that Iran even has a central bank?
Bankster Bolshevik Banana Republic uber alles.
Si se puede!