In a webinar recording, former investment banker and currency expert Jürgen Wechsler discussed how the rise of BRICS may reshape the global monetary order and affect the dollar, euro, commodities and investors’ assets.
Russia has budgeted expected New Development Bank financing of $84.4 million for 2027, potentially marking the first step toward restoring lending after the bank suspended investments in 2022.
An ET commentary argues that US sanctions and dollar dominance constrain India, while BRICS discussions on cross-border payment interoperability and local-currency settlement could provide an alternative route, potentially centred on China’s CIPS and the renminbi.
An opinion piece distinguishes the official BRICS Summit from the private iBRICS business event and examines its relationship with the New Development Bank and BRICS financing principles.
South Africa’s high commissioner to India, Anil Sooklal, said BRICS is focused on expanding local-currency trade and building alternative payment systems rather than creating a shared currency, while crediting India’s diplomacy for the New Delhi summit declaration.
Russian senators and experts discussed BRICS priorities at a roundtable marking the group’s 20th anniversary.
The long-term success of BRICS will be measured not by what it opposes, but by what it builds.
India’s BRICS chairship emphasized consensus diplomacy, practical cooperation, and convening rivals rather than confrontation.
Indian Finance Minister Nirmala Sitharaman urged BRICS tax authorities to jointly tackle transfer pricing, with proposals for new BRICS working groups on transfer pricing and revenue statistics.
