Chinese President Xi Jinping and Russian President Vladimir Putin pose for a photo with other world leaders at the BRICS Summit in Kazan, Russia, Oct. 24, 2024 (pool photo by Alexander Nemenov via ...

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 ...

I write about economic policy for the 21st century. After tossing around a few bad ideas, the BRICS countries have settled on using gold as the basis for international exchange, a role previously ...

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 ...

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 ...

Saudi Arabia has joined Brics, the alliance of major developing countries, along with four other nations. The Saudi membership was due to start on 1 January, but there was a delay before it was ...

Rumors have swirled around the potential unveiling of a BRICS economic alliance currency, thought to be called “the unit,” ...

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 ...

T he global economic landscape is on the cusp of a seismic shift, with the BRICS nations potentially unveiling a ...

Vietnam is ready to work with BRICS, Prime Minister Pham Minh Chinh said as he attended the group's summit for the first time this week and held meetings with Chinese and Russian leaders.