BRICS Accelerates Dollar Decoupling Amid Market Turbulence
Cooperation areas
Source: Berliner Zeitung | Original Published At: 2026-02-16 10:39:24 UTC
Key Points
- BRICS is developing a precious metals exchange alongside a grain exchange to reduce reliance on US dollar-dominated markets
- New financial infrastructure includes Brics Pay payment platform and cross-border digital currency integration proposals
- Initiatives follow 2024 Kazan summit agreements on alternative payment systems and national currency trade mechanisms
- Gold price volatility (peaking at $5,600/ounce) highlights strategic importance of precious metals for non-Western economies
- Russia emphasizes BRICS role in creating alternatives to 'sanction-vulnerable' Western financial systems