BRICS Pay is set to be launched in 2025, and Russia may be the first country to use it. The system faces significant challenges, including

The BRICS group of emerging-market powers — the acronym stands for Brazil, Russia, India, China and South Africa — has gone from a slogan dreamed up at an investment bank two decades ago to a real-world club that controls a multilateral lender.

New member Indonesia should also not “surrender to arrogant expressions" made by countries outside BRICS, a Russian diplomat says.

A Russian diplomat said Monday that his country had engaged in talks to use local currencies for trade with BRICS newcomer Indonesia as Moscow remained an outcast from the international system for cross-border transactions.

Russia and Iran have joined forces to create an alternative to the SWIFT payment system that could power the BRICS alliance.

US President Trump has mistakenly identified EU country Spain as a member of the BRICS economic bloc that comprises developing nations Read Full Article at RTcom

The oil-rich kingdom is still assessing whether to join the bloc the economy minister has said Saudi Arabia is still evaluating potential

President-elect Donald Trump has pledged a 100 percent tariff against BRICS nations if they continue to undermine the US dollar — but the threat won’t rein in the group’s expansion, analysts tell CNBC. Most recently, Brazil announced Indonesia’s admittance into the bloc as a member last Monday.

Iranian President Masoud Pezeshkian told his Russian counterpart Vladimir Putin he believed their two countries could finalise agreements on the construction of a nuclear power plant in Iran as the tw

The enhanced cooperation between Iran and Russia can help counter the unipolar global order and American excessive demands, Ali Beman Eghbali, an Iranian analyst, says.

Ambassador Denis Alipov has responded after Anders Rasmussen urged New Delhi to join the US and its allies against united autocrats