The measure would be in line with the group’s plans to cut reliance on Western currencies and financial mechanisms The BRICS group of emerging economies plans to create a payment system based on digital technologies, […]
The group will account for 36.6% of the world’s GDP in PPP terms by 2028, according to the Russian president The BRICS states are overtaking the G7 in terms of share in global GDP in […]
The political consultations between Ethiopia and Russia were praised by the African country’s foreign ministry Ethiopia’s first BRICS meeting since joining the group last month has been described as a “diplomatic victory” for the African […]
Russia’s presidency of BRICS has resulted in a total revamp of the organization, South African sherpa Anil Sooklal has told RT in an exclusive interview. Sookhal, who is also his country’s sherpa for the G20 […]
Membership in the group will “help reduce the Western dominance generally,” Muda Yusuf told RT The prominent Nigerian economist claimed that BRICS memberships are a “win-win situation.” On Tuesday, speaking during an exclusive interview to […]
Moscow will seek the “harmonious integration” of new members and boost internal cooperation and global outreach, he has said Russia has assumed the one-year rotating presidency of BRICS following its groundbreaking expansion in 2023, with […]
News|Business and Economy Argentina has announced that it will not join the BRICS bloc of developing economies, fulfilling a campaign promise by newly elected far-right President Javier Milei who has pledged to pursue closer ties […]
Ethiopia had until December 25 to make a $33 million coupon payment to bondholders, but failed to do so Ethiopia has become the latest African nation to default in recent years, failing to make a […]
Russia and China have completely abandoned the use of Western currencies, including US Dollar, in their bilateral trade, said Russian Prime Minister Mikhail Mishustin on Tuesday (Dec 19). While speaking during a meeting with his […]
Ethiopia will hold a call with its international bondholders later this week after the African nation failed to pay a $33 million bond coupon that was due on Monday, according to a senior finance ministry […]
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