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BRICS Leaders Push for Local Currency Network, Diminishing US Dollar Role
27.10.2024
BRICS leaders have declared their commitment to a local currency payment network designed to revolutionize cross-border transactions and reduce reliance on the U.S. dollar. BRICS Leaders Commit to a Groundbreaking Local Currency Payment Network At the 16th BRICS Summit in Kazan, Russia, BRICS...
5,000 Delegates Gather as BRICS Charts a Path to Sidestep Western Influence
27.10.2024
With 5,255 delegates attending, the 16th BRICS Summit in Kazan focused on building a “multipolar world order” and reducing reliance on dollar-based systems. With Over 5,000 Delegates, BRICS Summit Sends a Message to the Dollar’s Dominance More than 5,000 delegates gathered in Kazan for...
BRICS Isn’t Anti-West but Won’t Tolerate Western Currency Domination, Russian Official Says
26.10.2024
BRICS has condemned Western economic dominance and currency control tactics, accusing the West of using reserve currencies as “weapons” to maintain its monopoly. BRICS Says No to Western Monopoly, Criticizes Currency Control Strategies Russia’s Deputy Foreign Minister and BRICS Sherpa Sergey...
BRICS Payment System a SWIFT Substitute? Network to Implement Digital Assets and Financial Messages
26.10.2024
The Russian Finance Minister offered insight into the inner workings of the new BRICS payment system at the recent summit held in Kazan. Anton Siluanov stated that the modern system will take digital financial assets into account and will be able to deliver financial messages. BRICS Proposed...
BRICS Backs Russia’s Push for New Global Payment System to Counter Western Control
26.10.2024
Russia’s push for a BRICS payment system is gaining traction, with partners endorsing the plan to counter an “outdated, expensive, and ineffective” global framework. BRICS Partners Support Russia’s Plan for a New Payment System Russian Deputy Finance Minister Ivan Chebeskov announced that...
China’s Digital Yuan and BRICS’ Blockchain Move Against the Dollar
25.10.2024
The BRICS summit just concluded. China and the BRICS bloc are advancing significant projects to reduce their reliance…
Crypto Segment’s Move After De-Dollarization Talks at BRICS
25.10.2024
Russia hosted the BRICS summit at Kazan, welcoming participants from 36 nations to hold talks on several key…
Iran Declares UN and IMF Ineffective, Advocates for BRICS-Driven World Order
25.10.2024
Iran’s president slammed the UN Security Council and International Monetary Fund (IMF) at the BRICS summit, accusing them of losing effectiveness due to Western interference. He called for BRICS nations to reduce reliance on Western financial systems and push for a new global order. The president...
Massive Turnout at BRICS Summit Proves West’s Strategy to Isolate Russia Failed
25.10.2024
Western efforts to isolate Russia have faltered as 36 nations attended the BRICS Summit in Kazan, a Russian official has declared. The BRICS leaders summit, chaired by Russia, saw 22 high-level delegations, highlighting Russia’s continued global influence despite sanctions and efforts by...
Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence
24.10.2024
Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank...
Russia Pushes for New Precious Metals Platform to Reshape BRICS Trade
24.10.2024
Russia pushed for the creation of a BRICS platform to trade precious metals and diamonds at the BRICS Summit, criticizing excessive global trade regulations. President Vladimir Putin emphasized the need to bypass barriers that stifle the market. The summit also backed a BRICS Grain Exchange...
Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance
24.10.2024
U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries...
Brazil Calls for Unified BRICS Financial System, Challenging Western Hegemony
24.10.2024
Brazilian President Luiz Inacio Lula da Silva has urged the creation of a unified financial system among BRICS nations. He emphasized the need for alternative monetary relations. Egyptian President Abdel Fattah el-Sisi echoed this sentiment, advocating for financial settlements in national...
BRICS Summit Spotlights Bitcoin’s Role in International Trade Dynamics
23.10.2024
Russian lawmakers are advancing proposals for cryptocurrency utilization in international trade as the BRICS summit commences in Kazan.…
China’s Xi Jinping Pushes For New BRICS Financial System; Will XRP Shine?
23.10.2024
In a bold call for change, Chinese President Xi Jinping has urged BRICS nations to focus on development…
Iran Urges BRICS to Create Financial System Free From Western Influence
23.10.2024
Iranian Ambassador Kazem Jalali has urged BRICS nations to establish an independent financial and banking system, free from Western standards, which he claims harm Global South countries. Speaking ahead of the 16th BRICS Summit, Jalali emphasized the need for BRICS members to create their...
Is G20 Losing Relevance? BRICS’ Rise Signals Shift in Global Power
23.10.2024
The rapid rise of BRICS is challenging the relevance of the G20 as a global platform, with BRICS nations now surpassing the G7 in economic output. As BRICS gains influence, discussions about reforms to major international organizations, including the IMF and UN, are intensifying. According to...
BRICS Nations in ‘Intense Discussions’ to Develop Common Payment System
23.10.2024
BRICS nations are actively discussing the development of a common payment system and the use of national currencies for trade, with Indian Foreign Secretary Vikram Misri confirming that intense talks have been underway. Studies and research have been commissioned. Experts have emphasized that...
Russia Seeks to Weaken the West, Collapse US, Medvedev Declares
22.10.2024
Dmitry Medvedev, Deputy Chairman of Russia’s Security Council, called for weakening Western influence, stating Russia’s goal is the collapse of U.S. power or re-establishing a Soviet-era global counterbalance. He emphasized that Russia must distance itself from the West to avoid hostility...
Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free
22.10.2024
Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national...