India's limited local currency trade reduces risk of US tariffs amid BRICS de-dollarisation push, promoting rupee internationalisation.
The BRICS and SCO Young Leaders Award in Kazan received an overwhelming response, with over 400 applications from 13 countries, TV BRICS reported.The award attracted talented individuals from diverse backgrounds,
Brics has emerged as a significant international force since 2009 when it was established at a summit in Russia. What began as a five-member group encompassing
New member Indonesia should also not “surrender to arrogant expressions" made by countries outside BRICS, a Russian diplomat says.
The Cuban regime officially requested to join BRICS in early October 2024, as reported at the time by Carlos Pereira, Director of Bilateral Relations at the Cuban Foreign Ministry. The request was made through a letter addressed to Putin, who held the rotating presidency of the group in 2024.
Russia and China are strengthening their cooperation on AI technology. Although China-Russia imports and exports have reached record levels, growth has slowed significantly compared to 2023.
Brazil takes the helm at a moment when diplomatic pragmatism should take precedence over some of the bloc’s more polarizing initiatives.
First of all, it is a good platform for us to develop positions together with key political partners on the main items on the international agenda. It is also a good opportunity to have contact with our partners at the highest level to develop bilateral relations,
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.
BRICS was formed by Brazil, Russia, India and China in 2009, with South Africa added in 2010, as a counterweight to the Group of Seven leading industrialized nations. Last year, the bloc added Iran, Egypt, Ethiopia and the United Arab Emirates. Saudi ...
Analysis - BRICS (Brazil, Russia, India, China, and South Africa) is an informal group of countries seeking a shift from the classical policy of 'balance of power' to 'rebalancing of power' in international relations,
THE Brics bloc seems to be increasingly emerging as a compelling alternative to the Western-led economic order amid a swirl of global realignments. Read more at The Business Times.