News with the tag "BRICS"

Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass the U.S. dollar. Venezuelan Minister Yvan Gil: 25% of Trade Can Be Completed Away From the Dollar International trade market...

BRICS will prioritize secure, transparent payment systems this year under Brazil’s leadership, advancing financial sovereignty and reducing reliance on Western financial networks. BRICS Payment Systems Just Got Serious—Brazil’s 2025 Agenda Revealed Brazilian President Luiz Inacio Lula da Silva annou...

The Bank of Russia has postponed the launch of the digital ruble. The project is still live, but the launch of the central bank digital currency (CBDC) will come “somewhat later” than July 1, when it was expected, Bank of Russia governor Elvira Nabiullina said. Nabiullina spoke at the annual meeting...

Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s ...

BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the development of alternative payment platforms to reduce their d...

Turkey is not giving up on BRICS. Foreign Minister Hakan Fidan said the country is still actively seeking membership in the economic alliance led by Brazil, Russia, India, China, and South Africa after decades of being shut out of the European Union. Speaking to Bloomberg on Friday, Fidan confirmed ...

Momentum for a BRICS currency is building, with gold-backed alternatives and trade strategies gaining traction, but challenges to dethroning the dollar remain. BRICS Currency and Dedollarization—Expert Exposes the Hard Truth Behind the Hype Momentum is building for a BRICS common currency as the eco...

Buckle up, crypto enthusiasts and savvy investors! While the crypto market keeps a watchful eye on its own volatility, a classic safe-haven asset is making headlines: Gold price . As negotiations regarding Ukraine take an unexpected pause, gold is experiencing a significant surge, comfortably climbi...

Russia claims it can reconnect to SWIFT anytime but questions its relevance as digital finance evolves. Could SWIFT become obsolete as BRICS nations develop alternatives? Russia Calls SWIFT Obsolete—Is Crypto the Key to the New Financial Order? Russia claims that it has the technical ability to reco...

BRICS is set to dominate 40% of the global economy by 2030, while the West’s share shrinks to 27%, Russian Economic Minister Maksim Reshetnikov said. Global Power Shift: BRICS Economy Surges While the West Faces Sharp Decline The BRICS alliance is poised to reshape the global economy, with projectio...