brics

Auto Added by WPeMatico

Over 30 Nations Seek Stronger BRICS Ties — Russia Leads Strategic Talks

by

Russia reveals that over 30 nations are pursuing deeper engagement with BRICS, aiming to finalize an expansion list by the year’s end amid unprecedented alliance growth. Russia Confirms Over 30 Countries Eye Deeper BRICS Alliance Russia plans to consult with over 30 countries interested in deeper engagement with the BRICS bloc by the year’s end, … Read more

BIS Considers Ending Mbridge Project Over BRICS Connections, but Is It Too Late?

by

While conversations about ending the CBDC-enabled international settlements project have focused on its links to BRICS, Mbridge has already reached the MVP stage, and members could choose to continue it without support from the BIS. BIS Considers Ending Mbridge Project, BRICS Countries Could Use It for Circumventing Sanctions The Bank for International Settlements (BIS) is … Read more

Putin Declares ‘The Time Has Come’ for BRICS to Build Its Own Financial Platform

by

Russian President Vladimir Putin has emphasized that “the time has come” for BRICS nations to create an economic platform to unlock their growing economies’ potential. A New Era Begins? Putin Says It’s Time for a BRICS Investment Platform Russian President Vladimir Putin proposed establishing a dedicated BRICS economic platform to enhance investment among the group’s … Read more

US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’

by

Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia State Senator Richard Black has claimed that Western sanctions against Russia have weakened trust in the West and driven … Read more

Escaping Financial Control: Why BRICS Is Shifting Away From US Dollar System

by

Why BRICS nations are moving away from the U.S. dollar system: a Russian official described a strategic shift attracting countries looking beyond Western-led systems. A New Era of Sovereignty: BRICS Shifts From Dollar Dependency for Independence Russian Deputy Foreign Minister Mikhail Bogdanov has explained that BRICS nations are aligning with the organization to reinforce their … Read more

BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance

by

The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS efforts to counter Western economic dominance. A New Era? SCO’s Talks on Unified Payment System Revealed Shanghai Cooperation Organization (SCO) Secretary-General Zhang Ming detailed efforts to create a unified payment system among SCO member … Read more

Latam Insights Encore: Brazil’s Determination to Build a New Financial System Will Guide BRICS Toward a Common Currency Agreement

by

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine how Brazil’s firm determination to push the world toward a multipolar financial system can pay off in the long term. As the next chairman of BRICS, Brazil will be responsible … Read more

Latam Insights: Brazil Pushes for BRICS Unified Financial System, Milei Axes Tax Enforcement Agency

by

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazil declares the necessity of creating a BRICS-centric financial system, President Javier Milei axes the tax collection agency in Argentina, and crypto volumes spike in Brazil. Brazil Calls for Unified BRICS Financial System, … Read more