BRICS, Russia
Dollar Alternatives Will Be Top of BRICS Summit Agenda
U.S. dollar – we’re coming for you! That’s the message ahead of the upcoming BRICS summit set to kick off in Kazan, Russia, next week.
Factbox-What Proposals Will Russia Push at the BRICS Summit?
An international settlement and depository infrastructure that Russia says would enhance cross-border trade in national securities. The idea is to allow all members to retain full access to BRICS financial markets even if they are cut off from Western financial infrastructure.
At BRICS summit, Russia to push to end dollar dominance
Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group's leaders at a summit next week.
Opinion
BRICS Summit in Kazan: Challenging Dollar Dominance
The road to financial inclusion through alternative systems and de-dollarisation is not easy, but it is important and necessary to achieve substantive financial inclusion and address global financial discrepancies,
Russia Pitches BRICS Payment System Aiming to Break US Dominance
Russia is proposing changes to cross-border payments conducted among BRICS countries aimed at circumventing the global financial system, as the heavily penalized country seeks to sanctions-proof its own economy.
Russia Proposes IMF Alternative: Can BRICS Set A New World Order?
Ahead of the BRICS Summit to be held later this month, Russia which chairs the BRICS group has called on its partners to come up with an alternative to the International Monetary Fund(IMF). The reason
New York Sun2h
Brics Countries, at Upcoming Summit in Russia, Will Weigh the Potential of a Gold-Backed Currency
Russia, the host of this year’s conference, is poised to push for a new payment system that could skirt Western sanctions.
BRICS countries navigate new alternative payment system for stronger cooperation
Concurrently with the summit, the new payment system BRICS Pay has drawn attention, highlighting the strengthening of ...
cryptopolitan3d
BRICS seals deal for international trade settlements in national currencies
BRICS has struck a deal to settle international trade in national currencies, taking a direct shot at the dominance of the US ...
Anadolu Ajansi10h
BRICS summit to focus on expanding union, boosting trade in local currencies
With Russia facing numerous sanctions from Western countries, BRICS nations are pushing to reduce reliance on the US dollar ...
BRICS expansion: A Catch-22 situation for India
In the case of expanded BRICS being dominated by China aided by an economically crippled Russia after the Russia-Ukraine War, ...
Kazakhstan won't seek BRICS membership 'in the foreseeable future'
Kazakhstan's president has "carefully considered" proposals to join BRICS but Astana will not seek to join the group "in the ...
Antara News8h
"BRICS Dialogue on Civilizations" event Successfully Held in Kazan
The "BRICS Dialogue on Civilizations" event took place in Kazan, Russia, on September 24th, with over 300 participants, ...
thedeepdive4h
BRICS Pay Debuts, Threatening U.S. Dollar Dominance On Global Markets
In a move that signals a potential shift in global financial power, BRICS (Brazil, Russia, India, China, and South Africa) ...