BRICS and the New Global Order
The 18th BRICS Summit in New Delhi highlighted the grouping’s role as a platform for global governance, economic diversification, and technology cooperation while managing internal divergences.
trade facilitation
Russia and India Move to Develop BRICS Cross-Border Payment System
Russian and Indian partners announced an agreement to develop BRICS Pay cross-border payment services ahead of the 18th BRICS Summit in New Delhi.
Adrian Severin: Another World Order Is Emerging
Former Romanian foreign minister Adrian Severin said recent BRICS and SCO meetings reflect a deep shift in the global balance of power.
‘Diplomatic breakthrough’, ‘clear message’: Several strategic affairs experts hail BRICS declaration
Strategic affairs experts praised the BRICS Summit’s New Delhi declaration as a diplomatic breakthrough for India and an endorsement of its stance on terrorism, while noting consensus was forged despite differences between Iran and the United Arab Emirates.
Making a dollar detour: Why BRICS isn’t breaking up with the dollar
The latest BRICS declaration emphasizes interoperable payment systems and local-currency settlement, while avoiding a common BRICS currency or linked central bank digital currencies.
BRICS Keeps De-Dollarisation Push Alive Despite No Common Currency Plan: Analysts
Analysts say the absence of a common BRICS currency reflects a pragmatic strategy to reduce reliance on the US dollar through cross-border payment infrastructure.
BRICS Advances Alternative Payment System to SWIFT
BRICS Pay has moved from discussion to practical implementation, with cooperation between Russia’s Direct Investment Fund and BRICS Pay India aimed at developing cross-border payment services within the bloc.
BRICS Summit 2026: Leaders Advance AI, Resilience and Global South Cooperation
The New Delhi summit produced shared positions on trade, security and artificial intelligence while launching new cooperation mechanisms across technology, health, logistics, agriculture and innovation.
BRICS+ Expansion Could Put About 40% of India’s Trade Under Local-Currency Settlement
An analysis says BRICS+ expansion may broaden local-currency cross-border trade settlement, with Russia and Iran seen as major beneficiaries.