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.

MOSCOW, Jan 21 (Bernama-TASS) -- Russian President Vladimir Putin and his Chinese counterpart Xi Jinping reached an agreement during Tuesday’s talks to continue strengthening BRICS as an instrument of ensuring a multipolar world order, Russian News Agency (TASS) reported citing Presidential Aide Yury Ushakov.

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

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.

The US president mistakenly identified the EU state as a member of the economic bloc US President Donald Trump has mistakenly identified S

Vladimir Putin (right) and Xi Jinping at the BRICS summit in Kazan on October ... that a Chinese factory was already producing UAVs for Moscow. "Master Class 101 on how to mock your 'no-limits ...

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

Seeing the face of Ukrainian soldier Maksym Kolesnykov light up with joy over an apple upon his release from Russian captivity last February was enough to bring anyone to tears. Like Kolesnykov, most Ukrainian prisoners of war (POWs) have never been visited by the representatives of the International Committee of the Red Cross (ICRC) while in Russian captivity,