BRICS

February 13, 2025 6:45 PM

Brazil nixes BRICS currency, eyes less reliance on ‘mighty’ dollar

Brazil's BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may pave the way for less reliance on the U.S. dollar in global trade. That agenda could draw the ire of U.S. President Donald Trump, who has twice in recent months warned the BRICS group, founded by Brazil, Russia, India, China, not to challenge the dominance of "the mighty U.S. Dollar." "There is no chance that BRICS will...

February 3, 2025 8:28 PM

“India-Russia friendship a shining example of cooperation and diplomacy: Speaker Om Birla welcomes Russian parliamentary delegation

Lok Sabha Speaker Om Birla on Monday extended a warm welcome to the Russian parliamentary delegation led by the Chairman of the State Duma of the Federal Assembly, Vyacheslav Volodin, to witness the proceedings of the Lower House. Birla said that the robust and time-tested friendship between India and Russia stands as a model for cooperation and diplomacy worldwide. Highlighting the historic and enduring ties between the two nations, he said that their relationship, rooted in centuries-old bond...

January 31, 2025 10:10 AM

Trump repeats tariffs threat to dissuade BRICS nations from replacing US dollar

President Donald Trump on Thursday warned off BRICS member countries from replacing the U.S. dollar as a reserve currency by repeating a 100%-tariffs threat he had made weeks after winning the November presidential elections. "We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs," Trump said on Truth Social in a statement nearly...

January 21, 2025 10:39 AM

“As a BRICS nation, they’ll have 100 per cent tariff if…”: US President Trump on de-dollarization

US President Donald Trump issued a stern warning to BRICS nations on Monday, declaring that countries in the group would face 100 percent tariffs on trade with the US if they continue their push for de-dollarization. Speaking during a signing ceremony at the Oval Office, Trump made it clear that any attempt by BRICS nations to reduce the use of the US dollar in global trade would be met with harsh consequences. "As a BRICS nation... they'll have a 100 percent tariff if they so much as even thin...

January 7, 2025 9:03 AM

Indonesia officially joins BRICS as full member, endorsed by leaders of block

Brazil has announced that Indonesia has become a full member of the BRICS group. Brazil, which holds the presidency of the BRICS in 2025, said that Indonesia's candidature was endorsed by leaders of the bloc at the Johannesburg summit in 2023. In a statement, the Brazilian Foreign Ministry welcomed Indonesia for its entry into BRICS. It said that Indonesia and other BRICS members support the reform of the global governance institutions. "The Brazilian government welcomes Indonesia for its entr...

December 18, 2024 3:14 PM

China ready to strengthen trust, bring relations back to track: Chinese Ambassador to India

Ahead of the meeting on Wednesday between the Special Representatives of India and China to address the boundary dispute, Chinese Ambassador to India, Xu Feihong, reiterated Beijing's readiness to cooperate with New Delhi in implementing the agreements made between Prime Minister Narendra Modi and President Xi Jinping during the BRICS summit in Kazan. The upcoming talks in Beijing will be led by India's National Security Advisor, Ajit Doval, and China's Minister of Foreign Affairs, Wang Yi, as ...

November 28, 2024 9:39 PM

Russia hands over BRICS chairmanship to Brazil at Sherpa meeting in Ekaterinburg

The final Sherpa and Sous-Sherpa meeting of BRICS in Ekaterinburg concluded on Thursday with the ceremonial handover of the BRICS chairmanship from Russia to Brazil, marking the end of a pivotal year for the bloc under Russia’s leadership. Sergey Ryabkov, Russia's Deputy Foreign Minister and BRICS Sherpa, reflected on the achievements of Russia's presidency during the past year. Speaking at the meeting, he highlighted the progress made by BRICS nations in various sectors, including politics, ...

November 14, 2024 12:35 PM

BRICS offered Turkey partner country status, Turkish trade minister says

Turkey was offered partner country status by the BRICS group of nations, Trade Minister Omer Bolat said, as Ankara continues what it calls its efforts to balance its Eastern and Western ties. Turkey, a NATO member, has in recent months voiced interest in joining the BRICS group of emerging economies, comprising Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, and the United Arab Emirates. Turkish President Tayyip Erdogan attended a BRICS leaders' summit hosted by Russian Pres...

October 24, 2024 3:38 PM

BRICS Summit: Major takeaways from PM Narendra Modi’s Russia visit

Prime Minister Narendra Modi recently visited Kazan, Russia, to attend the 16th BRICS Summit. The summit, held under Russia’s chairmanship, focused on several global issues, including economic cooperation, peace and security, climate change, and terrorism. PM Modi held significant bilateral meetings during the visit. India and Russia discussed the ongoing Ukraine crisis, emphasizing peaceful resolutions, and addressed the repatriation of Indian nationals from the Russian Army. PM Modi also ex...

October 23, 2024 10:40 PM

Attackers kill 4, injure 14 at Turkish state aviation site

Four people were killed and 14 others wounded in an attack at the Turkish Aerospace Industries' headquarters on Wednesday, the government said, and witnesses said they heard gunfire and a loud explosion at the site near Ankara. Interior Minister Ali Yerlikaya said two attackers were killed in what he called a terrorist attack, adding three of the injured are in critical condition. TV broadcasters earlier showed footage of armed assailants entering the TUSAS building. "Two terrorists were neutr...