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.
Finance
Russia Studies BRICS Platform for Trade in Local Currencies
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.
India Gears Up for Month-Long Summit Diplomacy: PM Modi to Attend SCO Meet, Host BRICS Summit and Address UNGA
India is preparing for a month of major multilateral diplomacy, including the SCO Summit, the BRICS Summit in New Delhi, and the UN General Assembly, with a focus on Global South interests, counterterrorism, supply chains and international institutional reform.
Zimbabwe becomes new country to join BRICS Bank
Zimbabwe said the milestone secures access to development financing and strengthens economic ties with BRICS.
Zimbabwe joins BRICS New Development Bank
Zimbabwe said it joined the New Development Bank to access long-term financing for industrial projects, marking a step toward deeper integration with BRICS.
“I would like Argentina to try to return to BRICS”
Dilma Rousseff, president of the BRICS New Development Bank, said in Shanghai that she would like Argentina to seek re-entry into the bloc and outlined AI’s role in development.
Russia drives BRICS proposals benefiting Latin America, analyst says
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.
Why BRICS Should Not Become a Western-Style Bloc
Analyst Timoféi Bordachov argues BRICS should focus on sustainable development and inclusive governance rather than replicating Western power structures like NATO or the G7.
Chikunga Calls for Stronger BRICS Action on Women’s Empowerment
South African Minister Sindisiwe Chikunga urges BRICS nations to strengthen partnerships on women’s economic empowerment during a virtual ministerial meeting.