BRICS in the Decline of the West

Source: Jornal Económico | Original Published At: 2026-02-25 00:08:28 UTC

Key Points

• BRICS aims to establish new global governance rules through financial system reforms and reduced Western influence.
• The group is developing alternative payment systems like BRICS Pay (blockchain-based) to replace SWIFT and reduce dollar dependency.
• India's 2026 presidency will prioritize cross-border digital currency interoperability and sanctions-resistant financial infrastructure.
• BRICS members coordinate to create a multipolar financial order while respecting national sovereignty and economic differences.
• The article analyzes technical challenges and geopolitical implications of BRICS' financial decoupling strategies.