BRICS Pay is a payment system initiative developed by the BRICS nations (Brazil, Russia, India, China and South Africa) to facilitate cross-border transactions among these countries. Its primary ...

BRICS leaders, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have publicly voiced their commitment to jointly introduce an alternative payment system that would not be ...

Top BRICS finance and central bank officials are meeting in Moscow this week. Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the ...

India favours greater financial integration among the member-countries of the BRICS grouping, Prime Minister Narendra Modi declared on Wednesday (October 23, 2024) at the 16th BRICS meeting in ...

Get the best of CFR in your inbox every Friday at noon. Sign up for The World This Week. The countries that comprise BRICS—which stands for Brazil, Russia, India, China, and South Africa, and ...

The 16 th BRICS Summit in Kazan, Russia, concluded last week with the usual grand declaration of the group’s commitments, concerns and aspirations. Many media headlines, particularly in Western ...

Putin sees BRICS as counterweight to the West Says BRICS is 'open' to admitting new members BRICS to focus on boosting use of national currencies Talk of BRICS common currency is 'premature ...

This month, Russian President Vladimir Putin will host the 2024 Brics (Brazil, Russia, India, China, and South Africa) summit. It will be the first annual meeting to include the four new members ...

Putin to welcome leaders in city of Kazan Russia wants sanctions-proof payment settlement system Grain exchange, price agency also on the agenda Consensus may get harder as BRICS membership ...

Prime Minister Modi attends the 16th Brics summit in Kazan, focusing on inclusivity and expanded member cooperation. The group now includes Egypt, Ethiopia, Iran, and the UAE, aiming to challenge ...

The BRICS group — named after its five founding members, Brazil, Russia, India, China and South Africa — has become a broader grouping of non-Western countries that wants to stay out of ...