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47 sats \ 0 replies \ @Solomonsatoshi 18 Aug \ on: BRICS grow into a strong energy alliance with growing pricing power news
China has for more than a decade ignored US sanctions and imported Iranian oil at a discount price.
Day before Putins invasion of Ukraine China and Russia signed a pact pledging to support their respective ambitions upon Ukraine and Taiwan.
Chinas massive support for Russia since the invasion has enabled Russia to continue the war while China buys Russian oil and gas at a discount price.
Chinese oil and gas purchases fund Russias and Irans ongoing military operations against Ukraine and Israel.
It is Chinas intention to build an alternative trade payments network to the USD SWIFT system and they are already operating it...it includes the use of Chinas CBDC Yuan DCEP.
USD vs DCEP vs Bitcoin.