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.
The article outlines India’s strategy to combine BRICS+ cooperation mechanisms with Western deep-tech partnerships to support a $10 trillion net-zero transition.
An opinion piece argues that BRICS should develop cooperative climate and carbon-accounting responses to unilateral trade measures such as the EU’s Carbon Border Adjustment Mechanism.
BRICS Pay plans to pilot corporate cross-border settlements in national currencies using a decentralized financial messaging network and a closed blockchain platform.
BRICS 2026 momentum will depend on converting trade agreements into reliable logistics corridors, digital customs systems, infrastructure and public-private investment.
A Brazilian economist said BRICS can help countries deepen economic cooperation and address shared risks amid global fragmentation, while highlighting India’s growth and Brazil’s biofuel experience.
The fourth annual BRICS+ Fashion Summit in Moscow connected designers and fashion businesses from emerging markets, including BRICS members, as they sought new buyers, suppliers and partners.
BRICS is promoting trade settlement in member currencies, contributing to gradual de-dollarisation without seeking to eliminate the US dollar.
BRICS Business Council Russian section head Andrei Guryev said intra-BRICS trade doubled in five years but still represents only 3% of global trade.
