BRICS member Russia will introduce a ban on Gasoline exports starting on April 1, according to the Russian government. Russian Deputy Prime Minister Alexander Novak reportedly instructed the energy ministry…
The BRICS alliance has spent the last few years promoting trade in local currencies as an alternative to the US dollar. Russia has been one of the strongest supporters of…
Madagascar’s BRICS alignment has become, at the time of writing, one of the more talked-about foreign policy moves coming out of Africa right now. Interim president Michael Randrianirina traveled to…
Russia is reeling under monetary pressure due to sanctions and is pursuing alternative financial systems such as the International North-South Transport Corridor (INSTC) and BRICS Bridge to circumvent economic isolation,…
China is stepping in where India left after signing the trade deal with the US in early February. According to traders and ship-tracking data, China has purchased record oil, with…
Russia is eyeing to remove the dollar’s grip on BRICS by fast-tracking the digital ruble, and making it trade within member countries. The central bank is aiming to push the…
BRICS member Russia is actively considering returning to trading in the US dollars in a potential economic shift with a new trade deal with the Trump administration. A memo reviewed…
A common BRICS currency is not on the agenda for the 2026 summit, clarifies Russia’s Deputy Foreign Minister, Sergei Ryabkov. He confirmed instead that the focus is on expanding the…
Russia has reportedly finalized a bill to legalize crypto trading in the country, opening the door for the digital asset industry to take off there. Anatoly Aksakov, chairman of the…
Russia has confirmed its BRICS plan to slash USD use. The move involves expanded national currency settlements, and officials are positioning this as a direct response to Western sanctions. Russian…