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 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.

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

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.

MOSCOW, Jan 21 (Bernama-TASS) -- Russian President Vladimir Putin and his Chinese counterpart Xi Jinping reached an agreement during Tuesday’s talks to continue strengthening BRICS as an instrument of ensuring a multipolar world order, Russian News Agency (TASS) reported citing Presidential Aide Yury Ushakov.

Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.

President-elect Donald Trump has pledged a 100 percent tariff against BRICS nations if they continue to undermine the US dollar — but the threat won’t rein in the group’s expansion, analysts tell CNBC. Most recently, Brazil announced Indonesia’s admittance into the bloc as a member last Monday.

Vladimir Putin (right) and Xi Jinping at the BRICS summit in Kazan on October ... that a Chinese factory was already producing UAVs for Moscow. "Master Class 101 on how to mock your 'no-limits ...

The oil-rich kingdom is still assessing whether to join the bloc the economy minister has said Saudi Arabia is still evaluating potential

US President Trump has mistakenly identified EU country Spain as a member of the BRICS economic bloc that comprises developing nations Read Full Article at RTcom

Pezeshkian, on his first Kremlin visit since winning the presidency last July, will hold talks with Putin focusing on bilateral ties and international issues before signing the treaty

While the group has received both praise and criticism from different corners of the world, BRICS is steadily working towards realizing its set goals