BRICS Trade Turnover Plummets Between China and Iran Amid Geopolitical Tensions
BRICS Trade Turnover Plummets Between China and Iran Amid Geopolitical Tensions
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A recent report highlights a significant 56% decline in trade turnover between BRICS member states China and Iran. This downturn is attributed to the escalating costs associated with ongoing geopolitical conflicts involving the US and Israel, which are exerting financial pressure on these nations.
The war with the US and Israel is turning expensive for BRICS members Iran and China, as trade turnover between the two nations has reportedly fallen by a substantial 56%.