India, Russia, and China Strengthen BRICS Collaboration Amid Challenges to US Dollar Dominance
Cooperation areas
Source: Zee News | Original Published At: 2025-12-29 00:17:39 UTC
Key Points
- India will take over BRICS presidency in 2026, strengthening trilateral cooperation with Russia and China
- BRICS countries now produce 42% of global oil and hold 20% of world gold reserves
- Bloc accounts for 29% of global GDP with expanding economic influence through new members
- India enables 100% rupee-based trade among BRICS nations to reduce dollar dependency
- BRICS developing independent payment system as strategic priority under Brazil's leadership