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
New member Indonesia should also not “surrender to arrogant expressions" made by countries outside BRICS, a Russian diplomat says.
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.
Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.”
The Commander in Chief is using the threat of duties as leverage as he seeks to strike a "deal" to end the conflict.
President Prabowo Subianto’s about-turn on membership of the economic grouping is about status rather than material gains.
In 2023, Russian President Vladimir Putin revealed that the ruble and Chinese yuan already made up 80 percent of Moscow’s transactions with China. The Kremlin also claimed that about 90 percent of India-Russia trade already took place using local or alternate currencies.
Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.
U.S. president Donald Trump has apparently confused Spain for a member of the BRICS bloc of developing economies, causing some head-scratching and jitters over possible tariffs in Madrid.
Nigeria, in a loose arrangement, joins the influential bloc with opportunities in trade, investment and agriculture
JAKARTA: President Prabowo Subianto on Saturday (Jan 25) expressed his gratitude to the Indian government for supporting Indonesia's bid for permanent membership of the BRICS economic bloc.
China's foreign minister, special advisor to Brazilian president agree to continue efforts to end Ukraine-Russia war - Anadolu Ajansı