BRICS
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President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Turkey, Azerbaijan, and Malaysia have…
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In a shocking twist for the BRICS alliance, Russian President Vladimir Putin has said that they will not ditch the US dollar. In a sit-down interview Thursday, Putin confirmed that Russia is not abandoning the dollar, it is “simply refusing to use the dollar as a settlement tool.” Putin called the US dollar a “pillar…
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Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions when it hosts the group’s leaders at a summit next week. President Vladimir Putin is keen to build up BRICS – which has expanded to include Egypt, Ethiopia, Iran and the United Arab…
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The volume of investable assets held by individuals in the group will skyrocket over the next decade, according to Henley & Partners The number of new millionaires in the BRICS countries will see a surge by 2034, contributing to the biggest increase in wealth across any group of nations, according to a recent report by…
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Russian President Vladimir Putin will not attend the BRICS summit by mutual agreement, the South African Presidency said on Wednesday. Russia will be represented by its Foreign Minister Sergei Lavrov, the presidency added in a statement. South African President Cyril Ramaphosa has confirmed South Africa’s readiness to host the 15th summit of BRICS nations –…
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Foreign Minister Sergey Lavrov said on Friday that Russia will seek the expansion of the UN Security Council with Asian, African, and Latin American countries. Speaking at a news conference in Moscow, Lavrov said the Security Council has to be reformed “in accordance with existing realities,” and the dominance of the Western countries has to…
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In an economic development that hasn’t received much attention in the Western media, the GDP of the BRICS nations has surpassed that of the G7. That news, coupled with plans by the BRICS (Brazil, Russia, India, China and South Africa) nations to create their own currency later this year presents a challenge to the US…
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