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BRICS
02/16/2024
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By Cassie B.
BRICS and EAEU trade blocs are accelerating the demise of the dollar
The shift away from the U.S. dollar as the dominant currency on the world stage continues in full force, with BRICS and EAEU headed toward full dedollarization. Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now […]
02/02/2024
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By Ramon Tomey
Russian central bank governor claims BRICS group has now surpassed G7 in aggregate GDP
Elvira Nabiullina, the governor of the Central Bank of Russia (CBR), has claimed that the BRICS group has now surpassed the Group of Seven (G7). She issued this pronouncement on Jan. 30, telling the state-owned RIA Novosti news agency that the BRICS member states have exceeded their G7 counterparts in the share of global gross […]
02/02/2024
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By Ramon Tomey
DEDOLLARIZATION IN FULL SWING: Oil giant Saudi Arabia formally joins BRICS group alongside UAE, Iran, Egypt and Ethiopia
The oil-rich kingdom of Saudi Arabia has formally joined the BRICS group alongside four other countries. South African International Relations Minister Naledi Pandor confirmed the full membership of Saudi Arabia, Iran, Egypt, Ethiopia and the United Arab Emirates (UAE) during a Jan. 31 press briefing in the capital Pretoria. The five nations accepted the invitation […]
12/26/2023
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By Ethan Huff
DE-DOLLARIZATION: Russia officially calls on BRICS nations to ditch U.S. dollar
It is time for all member nations of BRICS (Brazil, Russia, India, China, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia and the United Arab Emirates) to drop the United States dollar in favor of local currencies for financial relations and settlements, according to Russian Finance Minister Anton Siluanov this week, at the Russia-China Financial Dialogue […]
12/04/2023
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By Ethan Huff
It’s official: United Arab Emirates STOPS using the U.S. dollar for oil trades
In a bold move away from the United States petrodollar, the United Arab Emirates has officially stopped trading oil in American dollars. According to reports, the U.A.E.’s decision to switch away from using U.S. dollars in the oil trade marks a broader pivot among the BRICS economic alliance to transition to the use of local […]
11/28/2023
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By Belle Carter
END of an ERA: Russian foreign minister declares Western economic dominance is over
Russian Foreign Minister Sergey Lavrov said that the Western dominance era does not exist anymore as multipolarity is on the rise. In an exclusive interview with RT, a Russian 24/7 English-language media outlet, Lavrov said that Western countries, led by the United States, should be done calling the shots for the world as it has […]
11/25/2023
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By Ramon Tomey
Argentina’s President-elect Javier Milei says country won’t join BRICS group… instead, he will embrace the collapsing DOLLAR
Argentinian President-elect Javier Milei has done a complete 180 on Buenos Aires joining BRICS, saying the South American nation won’t be joining the five-nation group. Diana Mondino, senior economic adviser to Milei, confirmed this development to Sputnik Brazil on Nov. 20, a day after Milei won the country’s second presidential runoff. She told the outlet […]
11/21/2023
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By Ethan Huff
Russian lawmaker says BRICS should create its own alternative internet to preserve traditional values
Will there eventually be a whole new internet run by BRICS rather than the current deep state world order? It is certainly a possibility. A document seen by RIA Novosti shows that Russia’s first deputy chairman of the State Duma Control Committee, Dmitry Gusev, submitted a request for the creation of a new “single inclusive […]
11/20/2023
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By Ethan Huff
U.S., Western economies weaponizing their currencies in major show of WEAKNESS, Moscow says
According to Russia, the West has already lost the currency wars, which is why it is resorting to economic sanctions to try to halt their rivals’ development. This is the gist of statements recently made by Russian Finance Minister Anton Siluanov, who told the Znanie Federal Education Marathon that the global power redistribution away from […]
11/06/2023
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By Ethan Huff
Russia announces updates on new BRICS currency to counter U.S. dollar – it could be ready for launch by next summer
By this time next year, the new BRICS currency should be ready, which means the days of United States dollar dominance are numbered. At the recent 15th BRICS summit, Sergey Glazyev, Russia’s former advisor to the president and economist-turned-politician, announced that the formation of the upcoming BRICS currency is almost complete. Along with other recent […]
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