The BRICS group as a whole has come under fire from Trump, who threatened another 100% in tariffs if the bloc moves ahead with a single currency to replace the dollar in trade relations.

A former Indian ambassador who had served with Brics, and later at the UN, said that in recent years Brics has accelerated the Global South’s economic rise at the expense of the G7 states ...

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 ...

KAZAN, Russia: Leaders of the nations in the BRICS grouping, which accounts for 37 per cent of global economic output, predicted its influence would grow as they met in Russia on Tuesday (Oct 23 ...

"BRICS does not yet have its own institutionalized parliamentary structure. But I believe this idea will be realized in the future. Your forum, I am sure, will contribute to this," he asserted.

ISTANBUL. Russian Finance Minister Anton Siluanov said Moscow is working on financial instruments within BRICS, including a cross-border payment system, state-run news agency TASS said Wednesday.

WASHINGTON, February 21. /TASS/. US President Donald Trump has said that he warned BRICS countries he would impose 150% tariffs for any attempt to create an alternative to the US dollar.

The Brics economic bloc approved its first joint climate finance framework on Thursday, the group’s most coordinated effort to date on funding climate action and setting the stage for a shared ...

Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange ...

FILE - Russian President Vladimir Putin attends the BRICS business forum in Moscow, Russia, on Oct. 18, 2024. (AP Photo/Alexander Zemlianichenko, Pool, File) New: You can now listen to articles ...

Brics' push for independent financial infrastructure signals a challenge to Western dominance and dollar supremacy. Explore. Sign in. e-paper Subscribe Sign In. Friday, 4 July 2025. Stocks.

The BRICS currently account for 50% of global GDP compared with 23% for the G7 countries or more than double the G7's. By 2030 their share of global GDP would be expected to hit 55% with new ...