Ex-VP of BRICS Bank Reveals Truth About Western Sanctions

Ex-VP Paulo Nogueira Batista Jr. exposes the untold truth about Western sanctions, IMF control, and dedollarization. Discover why the BRICS Bank, built to escape the dollar, remains trapped. In this exclusive interview with Think BRICS, former vice president of the New Development Bank (NDB), Paulo Nogueira Batista Jr, takes us inside the creation and constraints of the BRICS Bank, a core institution designed to empower the global south and challenge U.S.-led financial dominance.

Batista reveals how the NDB was meant to support dedollarization, facilitate alternative finance, and break dependence on the IMF, the dollar trap, and SWIFT. However, due to Western sanctions, credit rating agencies, and global market pressures, the bank struggles to maintain independence. He explains how the BRICS founding vision is stifled by external limitations—such as the NDB’s inability to lend to Russia, despite its major shareholder status.

The video also covers China’s potential leadership in establishing a multipolar world through a new development bank under the Shanghai Cooperation Organization, using yuan-denominated bonds and avoiding Western capital markets. Batista discusses the urgent need for a new reserve currency, the geopolitical implications of bypassing the dollar, and how emerging nations are navigating complex geopolitics under financial pressure.

This interview does not dive into detailed case studies of BRICS-funded projects, technical mechanisms behind SWIFT alternatives, or specifics of the new BRICS Pay system. It also does not explore the individual economic strategies of each BRICS member beyond China and Russia, nor does it address opposition within BRICS to rapid dedollarization. Additionally, the discussion doesn’t explore public-facing fintech implications or private-sector alignment with the BRICS Bank’s evolving mission.

#BRICS #NDB #dedollarization #PauloNogueiraBatista #geopolitics #globalfinance #BRICSBank

00:00 – Meet Paulo Nogueira Batista Jr: Inside the BRICS Bank Vision
01:03 – Can the BRICS Bank Really Bypass the Dollar? Here's the Truth
03:00 – How Western Sanctions Are Still Controlling the BRICS Bank
04:57 – Why the World Needs a New Non-Western Financial System Now
06:22 – How BRICS Is Building Its Own IMF: NDB and CRA Explained
09:06 – Why the SCO Is Creating a New Development Bank
11:15 – This New Bank Could Bypass Western Financial Control Completely
13:22 – Iran, Cuba & Venezuela: Why They’re Still Locked Out of NDB
14:03 – Dilma Rousseff Reappointed: What It Means for BRICS Bank Future
15:33 – Why the NDB Needs More Members to Become a Global Powerhouse
17:45 – Should NDB Offer "Partner Country" Status? A New Membership Path
18:42 – Can NDB Truly Break Free From Western Financial Domination?
20:32 – NDB Is Betting Big on Green Energy and Social Infrastructure
21:37 – Why the BRICS Bank Still Lacks Transparency in Its Projects
23:08 – The Struggle to Lend in Local Currencies: NDB’s Biggest Hurdle
25:07 – How IDB Could Teach BRICS Bank to Lend in Local Currencies
27:18 – Why the AIIB Is Outpacing the BRICS Bank in Global Membership
28:12 – Is De-Dollarization Unstoppable? Here’s What the Data Says
29:28 – Why National Currencies Alone Can’t Replace the Dollar
31:12 – The Case for a BRICS Reserve Currency to Challenge the Dollar
32:45 – Why a BRICS Currency Must Be Backed by Bonds, Not Gold
34:26 – Is BRICS Just a Talk Shop—Or a Real Alternative to the West?
35:22 – Can BRICS Create a Common Payment System for the People?
36:32 – How Close Are We to a Unified BRICS Payment Network?
38:19 – The Real Political Roadblocks to a BRICS Payment System

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