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BRICS is accelerating its break from Western financial dominance with a game-changing payment system that could soon welcome non-members, challenging SWIFT’s global stronghold. Lavrov Expects BRICS Alternative to SWIFT to Be Open to Non-Members Russian Foreign Minister Sergey Lavrov, addressing journalists in Almaty on April 11 after a Commonwealth of Independent States (CIS) Council of … Read more
Russia called U.S. threats over BRICS currency moves serious but stressed the bloc isn’t replacing the dollar—only modernizing finance to counter monopolistic global abuses. Russia Responds to US Tariff Warnings Aimed at BRICS Currency Moves Russian Deputy Foreign Minister Sergey Ryabkov, serving as Russia’s Sherpa to the BRICS group, addressed concerns about U.S. commentary on … Read more
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Support for Shift Brazil’s Finance Ministry has reaffirmed its dedication to expanding the use of national currencies in trade between BRICS … Read more
Russian Finance Minister Anton Siluanov specified that digital financial assets were among the options that BRICS was considering for securing independence from third-party nations in the economic trade arena. BRICS Profiles Digital Financial Assets as Part of Future’s Financial Settlements Arsenal Digital assets have become a relevant actor in international trade, and now even BRICS, … Read more
Max Keiser stated that BRICS, driven by China, Russia, and India, will push the adoption of a gold-backed stablecoin to fight a hegemonic U.S. dollar stablecoin. The former will have the advantage of being inflation-resistant, he assessed. Max Keiser Declares BRICS Will Leverage to Fight the U.S. Dollar International markets are on the verge of … Read more
Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass the U.S. dollar. Venezuelan Minister Yvan Gil: 25% of Trade Can Be Completed Away From the Dollar International trade markets have been evolving to open … Read more
Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization. Brazil to Push Hard for Crypto Implementation in BRICS Trade The agenda of Brazil as … Read more
BRICS will prioritize secure, transparent payment systems this year under Brazil’s leadership, advancing financial sovereignty and reducing reliance on Western financial networks. BRICS Payment Systems Just Got Serious—Brazil’s 2025 Agenda Revealed Brazilian President Luiz Inacio Lula da Silva announced on Feb. 26 that Brazil will focus on developing secure payment systems during its BRICS presidency … Read more
Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s efforts to counter BRICS nations’ impact on … Read more
BRICS nations are accelerating efforts to create independent payment systems, aiming to bypass Western financial dominance. BRICS Advances Alternative Payment Systems to Reduce Western Dependence BRICS nations are actively discussing the development of alternative payment platforms to reduce their dependence on American financial systems, Tass reported on Feb. 19, citing Russian Foreign Minister Sergey Lavrov. … Read more
