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

The US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses

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

The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.

Donald Trump labelled Spain as a BRICS nation. This is what BRICS actually is, and what the group aims to achieve. Brazil, Russia, India, China. South Africa

Nigeria, in a loose arrangement, joins the influential bloc with opportunities in trade, investment and agriculture

Spain has a meagre contribution to NATO and as a consequence, it could face 100% tariffs from the US, according to President Donald Trump, who unfortunately confused it with a BRICS country. When a journalist asked what would happen to NATO countries that do not meet the 2% spending target, Trump replied that Spain's contribution is "very low."

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.

Indonesian Foreign Affairs Minister Sugiono, in his annual address on Jan. 10, cites lack of respect for international law and UN Charter, saying global economic architecture does not meet modern chal

Collaborative, flexible Brics gives leading members China and Russia a significant advantage over the increasingly defensive and restrictive West Whether in the fourth industrial revolution semantics of Klaus Schwab or Beijing's concept of "new productive forces",