Becoming a member of the group will boost transport and food security, Sri Lanka’s ambassador to Russia says Sri Lanka intends to formally seek membership of the BRICS group of nations, the South Asian country’s […]
Tehran is preparing the financial infrastructure for the Visa and Mastercard alternative, a trade envoy has said Iran could start accepting Russian Mir debit and credit cards within the next few months, the trade attaché […]
Alongside the BRICS de-dollarization plans, the Chinese yuan has officially overtaken the US dollar as the top traded currency in Russia. Indeed, the currency has now surpassed the greenback as the most prominent foreign exchange […]
Daily Standup Top Stories Big oil and gas firms deepen investment in carbon capture April 10, 2024 Mariel Alumit Carbon capture companies find themselves in an odd position. They exist because of the threat of […]
Moscow uses multilateral formats outside US control to work around the restrictions, the foreign minister has said Russia and China are able to overcome the problems arising from Western sanctions by using multilateral formats, such […]
BRICS member China is looking to promote local currency swaps with 29 developing countries worth 4 trillion Yuan, which is equivalent to $553.49 billion. The bilateral currency swaps could facilitate trade and investment options by […]
French President Emmanuel Macron has offered to help Brazil with the development of a nuclear-powered submarine during an official visit to the South American country. Macron was speaking at a launch ceremony on Wednesday, hosted by […]
The BRICS bloc is continuing its dominance and objective to eliminate the US Dollar, and now the US Treasury Secretary predicts the greenback may fall. Treasury Secretary Janet Yellen spoke on “de-dollarization” during a congressional hearing this […]
The bloc’s acronym is a “brand” and the addition of new members will not change that, a top Russian diplomat has said The BRICS economic group will keep its current name despite the bloc’s expansion, […]
Cliched talking points aside about all countries being considered by the RIC core of BRICS as equals and third parties’ sensitivities not influencing any of their bilateral relations, the reality is altogether different in practice. […]
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