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BRICS countries, Russia, and India are likely to continue oil deals despite sanctions from the US and threats from Trump. The share of Russian crude oil in India’s imports could even increase as it is available at competitive prices. British analytical firm Vortexa wrote in its Analysis that Russian oil suppliers will keep prices below market rates for India. All of this would happen despite sanctions from the US and pressures from Trump and other Western countries. The West has tightened pressure on BRICS and other developing countries to stop them from procuring Russian oil. They even went to the extent of claiming that those who procure Russian oil are aiding and arming the conflict in Ukraine. Also Read: BRICS Expands North: Mexico Partners With China, Drops Dollar for Yuan BRICS Oil Remains In the Limelight Source: energyintel.com / Michal Bednarek / Shutterstock Vortexa experts added that Russian seaborne oil exports are too big a part of India’s hydrocarbon purchases...

China settled trade worth 6.11 trillion yuan (equivalent to $855 billion) with BRICS members during the first half of 2025. The trade volume among member and partner countries increased by 3.9% year-on-year in January to June this year. The development signals a major shift where the alliance is working closely with member nations for cross-border trade and transactions. Apart from BRICS countries, China has also proposed to establish a new digital trading platform with SCO countries. The proposal was announced in the ongoing SCO Global Mayors Dialogue in China’s Tianjin city on Tuesday. The significant changes could affect the US dollar as the digital trading platform could bypass the USD for payments. Also Read: BRICS Bank Increases Loans in Local Currencies, Covers 25% of Lending BRICS Member Nations Settle $855 Billion Worth of Trade With China in the First Half of 2025 Source: Mast Irham / AFP Lu Daliang, the Director of the Statistics and Analysis Department of the General ...

JP Morgan has predicted how long will the USD remain the global currency as BRICS initiates de-dollarization steps. The US dollar is under pressure from various corners as developing countries are cutting ties with the currency. From settling trade in local currencies to diversifying their central bank reserves with gold and rewriting policies for the benefit of the alliance, a paradigm shift is occurring in the global financial sector. Also Read: BRICS: 71 Countries Settled Trade Without the US Dollar Emerging economies feared repercussions from the White House before if they didn’t align with American policies. They show no fear in 2025 and are ready to challenge the US on the world stage. Taking into consideration all the latest developments, JP Morgan provided a forecast on how long the USD can survive as the world’s reserve currency as BRICS looks to topple it. BRICS: How Long Will the USD Remain the World’s Reserve Currency? JP Morgan CEO Explains Source: CNBC JP...

The BRICS alliance is advancing in the de-dollarization agenda by cornering the US dollar on the global stage. Local currencies are given prominence while the greenback is being sidelined for international transactions. Many countries like Nigeria and Iraq have also imposed a blanket ban on the USD in foreign exchanges and oil settlements. If BRICS comes up with a groundbreaking path for de-dollarization in the upcoming summit in Rio de Janeiro, the US dollar could be under tremendous pressure as emerging economies are waiting to topple its global dominance. It’s no longer about ‘how the US dollar will be brought down, but is about when’. Also Read: BRICS Will Unveil Most Ambitious Plan: US Congressman 71 Countries Had Settled Trade Before BRICS Started De-Dollarization Source: Freepik.com A total of 71 countries have settled trade payments without the US dollar much before BRICS kick-started the de-dollarization process. The latest data compiled shows that de-dollariz...

BRICS members, European countries, and several Asian nations are raising far fewer US-based financial assets like bonds and Treasuries than at any time before. According to the latest report from Dealogic data, issuance of US dollar-based bonds from foreign countries has dropped by 19% in 2025. A dip of $86.2 billion worth of US bonds and Treasuries was reported in the first five months of 2025, compared to the same period last year as BRICS, European nations and Asian countries prefer home-based financial assets to get exposure to rising yields. Also Read: BRICS: 44 Countries Align With De-Dollarization Agenda BRICS: Foreign Countries Buying US Bonds & Treasuries Drop By 19% Source: FT montage / AP The drop in US bonds and Treasuries is concerning as it’s the first major decline in over three years. In addition, Dealogic data shows that sovereign government bonds from developing countries have seen a surge, especially in local currencies. Investments in local currency-based asset...

There has been no shortage of geopolitical tensions ravaging the global market throughout 2025. Indeed, nations are picking sides, with the West and Global South engaged in a major faceoff. That culminated this week with one BRICS nation unveiling a 5-year plan to compete with the US on the global stage. The United States and President Donald Trump have implemented foreign trade policy that has stoked the flames of conflict. Although a pause on several tariffs has been put in place, there is still an ongoing effort to reshape the global order. Specifically, through the multipolarity that the BRICS bloc has been chasing for years. Source: Rafael Neddermeyer Also Read: BRICS vs. US Dollar: Why 2025 is The Year It Happens or It Doesn’t BRICS Nation Set On 5-Year Course to Challenge US Dominance The United States has spent the first four months of the year shaking up global trade. Specifically, the returning Trump administration implemented protectionist policies that sought to balance tra...

Throughout the last several years, the global south has sought ways to de-dollarize the global economy. They have made headway, but the greenback remains the most prominent currency on the planet. This could be why, when it comes to the BRICS bloc taking on the US dollar, 2025 may be the year it either happens or it doesn’t. For as much as the economic alliance has continued to wage war against the currency, the US dollar’s position has not yet been threatened. Indeed, Brazil even confirmed that its position looks to be secured for much of the next 10 years. Therefore, if it is unable to make significant gains regarding de-dollarization this year, it may be safe to question if it can ever happen. Source: iStock Also Read: BRICS: The Biggest Reason India May Eventually Leave The Alliance BRICS & The US Dollar: Is 2025 The Last Year It Can Truly De-Dollarize The Globe? The idea of de-dollarization has seemingly been ingrained in the very makeup of the BRICS alliance. The bloc ...

The BRICS alliance is working on the formation of a new currency to challenge the US dollar’s global prospects. The bloc aims to dethrone the US dollar from the world’s reserve currency and usher into a new financial era. The bold idea is pushed most by members China, Russia, and Iran, as their economies are hampered by the US. The White House pressed sanctions on Russia and Iran and both countries are seeking an alternative currency. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 On the other hand, China seeks global domination through BRICS and the launch of a new currency will boost its prospects. On the contrary, India is against the idea as their leaders have openly supported the US dollar. India’s Foreign Minister S. Jaishankar repeatedly said that they need the US dollar and will not sideline it for trade. The statement highlights the stark differences and ideas among the member nations of the nine-country alliance. Also Read: BRICS: US Dollar Rem...

The US dollar started 2025 on the front foot and outperformed the local currencies of BRICS countries. The DXY index, which tracks the performance of the US dollar, shows the currency inching towards the 110 mark. The steep rise is adding pressure on local currencies, which have fallen to new yearly lows. As the US dollar outpaces BRICS’ local currencies, leading investment bank Goldman Sachs has warned that a major short-term correction for the stock market is on the cards. Also Read: More Than 20 Countries Apply To Join BRICS in 2025 BRICS: Prepare For a US Market Correction, Says Goldman Sachs Source: Reuters / Brendan McDermid Global investment bank Goldman Sachs predicts the US market should brace for a major downturn in 2025. The forecast from Goldman Sachs comes at a time when BRICS is looking to push the de-dollarization agenda worldwide. “While we expect equity markets to make further progress over the year as a whole — largely driven by earnings — they are increasingly v...

Whether you like it or not, the de-dollarization agenda kick-started by the BRICS alliance is here to stay. There is no denying that the US dollar reigns supreme despite multiple global challenges, but how long can it fend off its adversaries? In the early 20th century, the United Kingdom had its colonies all across the world and ran a famous phrase ‘the sun never sets on the British empire’. Its territories were so large, that you were considered crazy if you would think it would all end someday. Also Read: BRICS: A World Without the US Dollar, Myth or Reality? In no surprise, the sun did set on the British empire just 45 years after the phrase came into existence. The UK is now a country struggling with finances and its colony India, which is a BRICS member has surpassed it through a robust GDP. The turn of events could be brutal as time passes by and those who think that the US dollar will remain supreme forever need a reality check of the British empire. Also Read: JP Mo...

Russia has unveiled plans to launch two State-linked cryptocurrency exchanges to integrate digital payments for trade settlements. The US sanctions have made Russia find alternative payment methods to keep its economy afloat. The two cryptocurrency exchanges will operate in two different cities, one in Moscow and the other in St. Petersburg. In addition, BRICS member Russia also plans to launch a new stablecoin that will be linked with the Chinese yuan. Also Read: BRICS: New Gold-Backed Currency Gains Steam & Challenges the US Dollar JUST IN: Russia to launch two crypto exchanges and stablecoins linked to the Yuan and BRICS currency, Kommersant reports. — Watcher.Guru (@WatcherGuru) August 23, 2024 The bold plan from BRICS member Russia is to peg the Chinese yuan with the new cryptocurrency-based stablecoin at a 1:1 ratio. This makes its price remain stable with no volatility and is relatively safe to initiate transactions with no concerns of fluctuating prices. Also Read: BRICS:...

Goldman Sachs has projected that the BRICS alliance will have the world’s biggest economy by 2075. The bloc as a whole will surpass the U.S. economy by a larger margin leaving it to fall behind at a distant third. In the next 50 years, the chances of the U.S. being an economic superpower will reduce considerably. Developing countries are set to outperform America in trade, technology, and fintech, among many other important sectors. Also Read: BRICS : Central Banks Ditching US Dollar, Buying More Gold The top investment bank Goldman Sachs published a report forecasting that the U.S. economy could decline in the coming decades. The study shows that the de-dollarization agenda could boost BRICS member’s economies leaving the U.S. dollar behind. Read here to know how many sectors in the U.S. will be affected if BRICS ditches the dollar for trade. Also Read: BRICS: India and Russia Agree to Ditch US Dollar World's biggest economies in 2075, projected by Goldman Sachs : China...

Despite looking to cut ties with the U.S. dollar, BRICS and other Asian countries don’t pay local currencies for oil and gas transactions. They prefer using the U.S. dollar for oil trade even after publicly kick-starting the de-dollarization initiative. BRICS mostly contradict their own statements and policies leading to the U.S. dollar reaping the benefits. Also Read: 10 SCO Countries Ready To Ditch US Dollar For Trade One for example, India agreed to pay local currencies for Oil trade with its BRICS counterpart Russia. When asked to pay the Chinese yuan, India backed out and preferred to settle Oil payments in the U.S. dollar. BRICS members contradict themselves on the de-dollarization agenda and are poles apart from making the idea a reality. Also Read: BRICS : US Dollar Wrecking Havoc on Local Currencies Why Do BRICS & Asian Countries Pay the U.S. Dollar For Oil? Source: Reuters / AFP BRICS and other Asian countries pay the U.S. dollar for Oil because local currencies ha...