BRICS isn’t launching a new currency this weekend – here’s what “de-dollarisation” actually means
BRICS is advancing local-currency settlement through BRICS Pay rather than launching a shared currency, according to a Business Today explainer.
BRICS is advancing local-currency settlement through BRICS Pay rather than launching a shared currency, according to a Business Today explainer.
A South African BRICS council chapter official says trust, safeguards, connectivity and multilateral agreements are key to a unified BRICS payment system.
Russian President Vladimir Putin said Western countries are attempting to restore their dominant position in the global economy by creating obstacles to trade and transport links connecting BRICS countries with international markets.
Speaking at the BRICS Business Forum in New Delhi, Russian President Vladimir Putin said the global order has moved beyond the G-7 and highlighted BRICS countries’ growing economic and demographic weight.
India is trying to manage its role in the Delhi BRICS summit without antagonizing the United States, while experts warn that BRICS announcements on trade, payments, energy, or local currency could trigger renewed tariff threats.
BRICS finance ministers and central bank governors expressed serious concern over unilateral tariffs and trade restrictions, saying such measures threaten global trade and economic stability.
At the BRICS Business Council plenary session, Russian President Vladimir Putin said Russia faced 30,000 sanctions and highlighted BRICS’ contribution to global economic growth.
Key quotes from Vladimir Putin’s speech at the plenary session of the BRICS Business Forum held in India.
A dedicated BRICS Agriculture Portal is planned to boost agricultural trade, technology, innovation, and collaboration among BRICS countries.