ANDREW KORYBKO—The Russian economy weathered the West’s unprecedented sanctions regime, but Russia’s grand plans to create alternative financial institutions and pivot to the non-West haven’t been as successful. This analysis here about how the latest BRICS Summit achieved nothing of tangible significance at all points out how none of this association’s ambitious initiatives were rolled out. It also hyperlinks to proof that the Chinese-based New Development Bank and the SCO Bank surprisingly comply with US sanctions.
