Escobar: How The BRICS+ ‘Unit’ Can Save Global Trade
Analysis of a proposed digital currency framework for BRICS+ to reduce reliance on the US dollar in global trade.
Analysis of a proposed digital currency framework for BRICS+ to reduce reliance on the US dollar in global trade.
BRICS introduces UNIT, a collateral-anchored settlement instrument for cross-border trade in a multipolar financial system.
BRICS members India, Russia, and China advance local currency trade and explore a common alternative to challenge US dollar dominance in global finance.
Russian President Vladimir Putin emphasizes gradual progress in BRICS currency discussions and addresses challenges in rupee-rouble trade mechanisms with India.
Russian President Vladimir Putin clarifies BRICS’ monetary cooperation approach during India visit.
The 2025 Expert of the Year Award recognized international BRICS-related initiatives across 16 categories, highlighting growing cross-border collaboration.
Thai Foreign Minister requests India’s backing for full BRICS membership during 2026 chairmanship, while discussing regional security cooperation.
Thai Foreign Minister formally requests India’s backing for BRICS membership upgrade during bilateral discussions.
Indonesia contributes to BRICS’ development bank while expanding its ties with the multilateral group.