Can BRICS offset the impact of US tariffs on Brazil? Understand
Brazil is seeking new markets after US tariffs, and analysts say BRICS may help diversification but only in the medium and long term.
Brazil is seeking new markets after US tariffs, and analysts say BRICS may help diversification but only in the medium and long term.
A Russian proposal under study would create a BRICS commercial and payment system using member countries’ currencies, potentially reducing reliance on the dollar and supporting commodity trade.
Source: O Estado de S. Paulo, | Original Published At: 2026-07-29 20:30:00 UTC
Zimbabwe said the milestone secures access to development financing and strengthens economic ties with BRICS.
Chinese Foreign Minister Wang Yi urged closer coordination with India to strengthen BRICS, promote multipolarity, and protect developing-country interests during a meeting with Indian Foreign Minister Subrahmanyam Jaishankar in Manila.
A special international affairs advisor will accompany the tourism minister to the BRICS Tourism Ministerial Meeting in Jaipur in August 2026.
A geopolitical analyst says Russian initiatives inside BRICS, including a grain exchange, alternative payments and an investment platform, could deepen cooperation and reduce dependence on Western financial centers.
Xie Hongjun highlighted digital infrastructure and cybersecurity as essential conditions for BRICS digital growth.
BRICS labor and employment ministers launched the BRICS CONECTA platform and discussed digitalization, social protection and workforce preparation for technological transformation.