Amidst the BRICS collective’s push to eliminate the reliance on the US dollar, Russia’s Finance Minister, Anton Siluanov, stated that more than 70% of trade between China and Russia is settled in their respective local currencies Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.