BRICS

BRICS countries are reducing their use of the U.S. dollar in international trade at a rapid pace. Russian oil trades using dollars fell from about...

The BRICS group’s share of global GDP by purchasing power parity (PPP) has grown to 40%, surpassing the G7’s 29% share.Russian Foreign Minister Sergey...

More than 600 investors will attend the upcoming BRICS startup summit in Moscow on October 1-2.Russian startups are gaining greater access to Chinese markets...

Experts and economists question the viability of a BRICS currency by 2026. Technical proposals include a digital currency platform, but key challenges remain. Plans for a...

Egypt and Belarus set up an electronic trading bridge for local currency deals. Belarusian Universal Commodity Exchange (BUCX) met with Egyptian officials in Cairo to...

JPMorgan raised its forecast for China’s yuan, citing growing efforts to use other currencies instead of the U.S. dollar among BRICS nations. The investment bank...

Donald Trump has proposed tariffs on Chinese products as high as 100%, mainly targeting China's involvement in purchasing Russian oil. The latest tariff plans focus...

BRICS is developing a new trading platform that will exclude the U.S. dollar from international transactions. Sergey Lavrov, Russian Foreign Minister, confirmed the project and...