BRICS challenges dollar dominance, pushes for new global order: Vinay Sahasrabuddhe

Source: India Today | Original Published At: 2026-09-10 11:51:23 UTC

Key Points

• Vinay Sahasrabuddhe said BRICS nations are rejecting a global order dominated by a single superpower and seeking more diverse international trade and economic relations.
• He argued that no single currency should dominate global trade, economic affairs, or the international order.
• He described the shift in India-Russia trade from the US dollar to a rupee-ruble mechanism as part of a broader rejection of hegemonic thinking.
• At the India Today BRICS Roundtable 2026, he linked BRICS' growing economic and demographic weight to calls for a more representative global order.
• The discussion noted that BRICS represents about 50% of the world's population, 40% of global GDP, and 26% of global trade.
• The article said BRICS is expanding its role amid geopolitical uncertainty linked to Russia's war in Ukraine, conflicts in West Asia, and trade and tariff tensions.