The summit brings together 20 thousand attendees from 33 countries, who discuss their geopolitical challenges. The BRICS are looking for alternatives to the dollar, while Putin rules out the viability of a single currency. The 16th annual BRICS summit, being held in Russia for the first time in nine years, opened yesterday with a speech … Read more
According to reports, in Russia all they talk about is “Putin’s plan to defeat the dollar.” One of the pillars of the so-called collapse of the dollar is expected to be the BRICS payment system. Dmitri Medvedev, the vice-chairman of Russia’s Security Council, laid out a challenging view on his country’s foreign policy, stating that … Read more
They assure that they will also work on projects that involve artificial intelligence. The announcement was made within the framework of the BRICS Business Forum, held last week. Russia, through the Russian Direct Investment Fund (RDIF) and BitRiver, the country’s largest mining company, plans to build Bitcoin mining farms in the countries of the BRICS … Read more
BRICS Pay will be officially launched at the end of the year. The tool is expected to allow payments with Visa, Mastercard and WeChat Pay. As part of the BRICS Business Forum held in Russia on October 17 and 18, participants in the event received new cards to test one of the long-awaited tools that … Read more
“The IMF and the World Bank are not fulfilling their role,” said the Russian Finance Minister. The BRICS want new organizations that are not controlled by the global financial system. As part of the mechanisms that will distance them from the US dollar, the BRICS plan to create institutions similar to the International Monetary Fund … Read more
The probable presentation of a new route plan in the de-dollarization process and the continued expansion of the BRICS bloc, under the impetus of an alliance between China and Russia, has already begun to raise red flags globally. The issue was part of the concerns discussed at the United Nations General Assembly held a few … Read more
Key facts: The main challenge will be to make renminbi available to oil-importing countries. The introduction of the petroyuan will increase the fragmentation of the global financial system. As part of the BRICS’ de-dollarization plan, the group of countries led by Russia and China is also evaluating new payment alternatives for global oil trade. The … Read more
Key facts: According to the government, “illegal” farms have been detected in some other regions. Unauthorized cryptocurrency mining is causing power outages, Russian officials say. Russian authorities say they will pay more attention and effort to combat illegal Bitcoin mining. This is amid power outages and repairs due to the arrival of winter expected in … Read more
Key facts: Using the dollar entails additional costs, a BRICS spokesman said. All countries in the bloc are willing to use cryptocurrencies. While the countries that make up the BRICS group (Brazil, Russia, India and South Africa) are developing their own payment system, international trade is using the dollar less and less. According to statements … Read more
Key facts: Russia to upgrade Threat Countermeasures System (TSPU) RuNet employs technical means to filter, block and slow down Internet traffic. According to Forbes Russia, the Federal Service for Supervision of Communications and Technologies could spend 600 million dollars to modernize the blocking system of RuNet, the Russian intranet. An intranet is a computer network … Read more