In a bold move, President Trump has announced potential 100% tariffs on BRICS nations and a 10% tariff on Chinese goods, raising fears of a trade war. His administration’s focus is on curbing illegal drug imports and challenging global trade dynamics,
BRICS Pay is set to be launched in 2025, and Russia may be the first country to use it. The system faces significant challenges, including
The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.
New member Indonesia should also not “surrender to arrogant expressions" made by countries outside BRICS, a Russian diplomat says.
A Russian diplomat said Monday that his country had engaged in talks to use local currencies for trade with BRICS newcomer Indonesia as Moscow remained an outcast from the international system for cross-border transactions.
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping reached an agreement during Tuesday’s talks to continue strengthening BR
Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.
The US president mistakenly identified the EU state as a member of the economic bloc US President Donald Trump has mistakenly identified S
Despite the threat of a trade war with the U.S., economists and analysts tell CNBC that this will not stop BRICS from expanding.
The oil-rich kingdom is still assessing whether to join the bloc the economy minister has said Saudi Arabia is still evaluating potential
The U.S. and its allies have accused China of fueling Russia's war machine by continuing to ship goods such as electronics, unmanned aerial vehicle (UAV) parts and machine tools to Moscow.
Pezeshkian, on his first Kremlin visit since winning the presidency last July, will hold talks with Putin focusing on bilateral ties and international issues before signing the treaty