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Russia concluded its presidency of the BRICS alliance with important advances in the development of models to reduce dependence on the dollar, as stated by Russian Vice Foreign Minister Sergey Ryabkov during a press conference following the association’s summit in the Russian city. from Kazan. Ryabkov indicated that the country transfers to Brazil the responsibility…
Russian President Vladimir Putin proposed the creation of an exclusive economic platform for the BRICS countries. This with the objective of strengthening the economies of the member states of the association. During his speech at the BRICS Summit, which ends today, Putin stressed: “The time has come to discuss the idea of creating our own…
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…
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…
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…
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…
“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…
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…
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…
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…
