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→BRICS+ Reserve Fund
==BRICS+ Reserve Fund==
==BRICS+ Reserve Fund==
[[File:865a5fc4-0948-495a-ae8c-0cf832cde7b3 677x547.jpg|right|300px|thumb|China has steadily unload its holdings of [[US Treasury]] debt since the [[2008 Financial Crash]].]]
[[File:865a5fc4-0948-495a-ae8c-0cf832cde7b3 677x547.jpg|right|300px|thumb|China has steadily unloaded its holdings of [[US Treasury]] debt since the [[2008 Financial Crash]].]]
The BRICS+ Reserve Fund was created, a $150 billion pool capitalized by [[Russia]], [[China]], [[India]], [[Saudi Arabia]], [[UAE]], and other nations wary of [[Collective West|Western]] [[financial]] weaponization. The fund's purpose to provide liquidity and financial stability for countries that faced Western [[economic sanctions]] or asset freezes. It is sort of an alternative
The BRICS+ Reserve Fund was created, a $150 billion pool capitalized by [[Russia]], [[China]], [[India]], [[Saudi Arabia]], [[UAE]], and other nations wary of [[Collective West|Western]] [[financial]] weaponization. The fund's purpose to provide liquidity and financial stability for countries that faced Western [[economic sanctions]] or asset freezes. It is sort of an alternative
[[IMF]] for the sanctioned and the nervous. But the real [[innovation]] was the mechanism. The fund would accept sovereign assets for safekeeping. But these assets would be held in distributed custody across multiple non-Western jurisdictions. No single country could freeze them. No Western court could seize them. The assets were [[legal]]ly structured to be seizure proof.
[[IMF]] for the sanctioned and the nervous. But the real [[innovation]] was the mechanism. The fund would accept sovereign assets for safekeeping. But these assets would be held in distributed custody across multiple non-Western jurisdictions. No single country could freeze them. No Western court could seize them. The assets were [[legal]]ly structured to be seizure proof.