"We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or ...

Mr Trump, who has already kicked off the imposition of tariffs on Canada and Mexico, demanded a firm commitment from Brics nations to cease any attempts to create a new currency or back existing ...

Dmitry Peskov, spokesperson for Kremlin ruler Vladimir Putin, has swiftly denied that the creation of a new common currency is being discussed, following US President Donald Trump’s threat to impose ...

Discussions about a new joint currency gained traction after the US and European Union imposed sanctions on Russia over its 2022 full-scale invasion of Ukraine, amid concerns other BRICS nations ...

Nigerian authorities said this week that the nation’s new partnership status with the BRICS bloc could unlock critical opportunities in trade, investment and agriculture. Nigerian President Bola ...

Russia in talks with BRICS over precious metals exchange Russia's proposal for a new international grain exchange could take years to get off the ground even though the plan was welcomed by ...

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 ...

The BRICS leaders have announced that admission of six new countries expand its influence in an era of strategic competition. Brazil, Russia, India, China and South Africa have agreed at their annual ...

But partners cannot host annual Brics summits or determine the venue. Neither can they select new members and partners. The main benefit would be access to finance offered by Brics’ New ...