Part 8/17:
Most critically, Russia facilitated the creation of the Brics Plus Reserve Fund, a $150 billion pool backed by Russia, China, India, Saudi Arabia, the UAE, and other nations wary of Western financial control. This fund established a new, seizure-proof infrastructure: sovereign assets stored across multiple non-Western jurisdictions, immune from Western courts and seizure efforts.
This development signaled a seismic shift. Countries with trillions in European assets—such as Saudi Arabia and China—began reducing their holdings in European markets, diversifying into safer jurisdictions or currencies. The impact on European bond markets was immediate, with yields rising as demand for European debt evaporated.