BRICS Pay is set to be launched in 2025, and Russia may be the first country to use it. The system faces significant challenges, including

However, the conflict changed Russia’s relations with BRICS institutions. The New Development Bank quickly froze Russian projects, and Moscow hasn’t been able to access dollars via the BRICS shared foreign-currency system. Essentially, with US ...

New member Indonesia should also not “surrender to arrogant expressions" made by countries outside BRICS, a Russian diplomat says.

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.

MOSCOW--Chinese leader Xi Jinping will visit Russia next month for a summit of the BRICS bloc of developing economies, China’s Foreign Minister Wang Yi confirmed Thursday, a move that comes as ...

MOSCOW, Jan 21 (Bernama-TASS) -- Russian President Vladimir Putin and his Chinese counterpart Xi Jinping reached an agreement during Tuesday’s talks to continue strengthening BRICS as an instrument of ensuring a multipolar world order, Russian News Agency (TASS) reported citing Presidential Aide Yury Ushakov.

President Prabowo Subianto’s about-turn on membership of the economic grouping is about status rather than material gains.

Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.

Emmanuel Johnson sees Abujas partnership with the group as a way to boost economic growth and geopolitical influence Nigerias rece

Pezeshkian, on his first Kremlin visit since winning the presidency last July, will hold talks with Putin focusing on bilateral ties and international issues before signing the treaty

The oil-rich kingdom is still assessing whether to join the bloc the economy minister has said Saudi Arabia is still evaluating potential

Russia will facilitate Vietnam’s participation in the BRICS bloc of developing economies as a “partner country.”