Detaching bilateral trade from Western currencies could strengthen intra-member cooperation, according to Redge Nkosi Establishing a BRICS common currency is an ambitious long-term task, although a joint payment system for intra-member trade could easily be launched in the near term, according to Redge Nkosi, executive director and head of research at South African company Firstsource…

Washington has eased sanctions on Russian agricultural products, including fertilizers, placed on Moscow over the crisis in Ukraine. The move aims to protect US farmers from a shortage of chemical products as food prices in the country continue to soar.

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