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 US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses

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.

Donald Trump labelled Spain as a BRICS nation. This is what BRICS actually is, and what the group aims to achieve. Brazil, Russia, India, China. South Africa

Nigeria, in a loose arrangement, joins the influential bloc with opportunities in trade, investment and agriculture

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.

A former APC Presidential aspirant, Chief Charles Udeogaranya, has expressed strong support for Nigeria’s membership in BRICS as a partner country, describing it as a timely and transformative move.

Indonesian Foreign Affairs Minister Sugiono, in his annual address on Jan. 10, cites lack of respect for international law and UN Charter, saying global economic architecture does not meet modern chal

When Indonesia formally became a full member of BRICS, an intergovernmental organization that seeks to change the Western-dominated global financial system, many at home and abroad questioned whether Jakarta was shedding its non-alignment principle.