New Players on the Bloc: Is BRICS+ a Critical Challenge?

The recent BRICS+ summit in Kazan, Russia, was attended by representatives from 32 countries, with 24 heads of state present. The summit was not only a major diplomatic event for Russia but also underscored a growing push by nations in the Global South to seek alternatives to Western-dominated institutions. The expansion of BRICS to BRICS+ […]

Russia Taps BRICS Partners for Collaborative AI Development Projects

Russia is pushing for a major comeback in the global tech race, leaning on its BRICS+ partners to build a united front in artificial intelligence (AI) development. President Vladimir Putin, speaking at Moscow’s flagship AI , announced the formation of the AI Alliance Network. The initiative will connect national AI associations and development institutions from […]

Russia in Talks with BRICS Over Precious Metals Exchange

Russia is in talks with other BRICS members about creating an international precious metals exchange to ensure fair pricing and trade growth, the country’s Finance Minister Anton Siluanov said in a statement. “The mechanism will include the creation of price indicators for metals, standards for the production and trade of bullion, and instruments for accrediting […]

Russia to Hand Over BRICS Chairmanship to Brazil at Final Meeting of Sherpas

The final meeting of BRICS Sherpas and Sous-Sherpas is taking place in Ekaterinburg on 27-28 November. Sergey Ryabkov, Russia’s Deputy Foreign Minister and a Sherpa in the association, emphasised that the group’s resilience has strengthened with its expansion. During the meeting, the Russian deputy foreign minister summarised the results of Russia’s BRICS chairmanship and thanked […]

Serbia and BRICS

Serbia’s foreign policy under President Aleksandar Vučić aims to maintain neutrality, balancing relationships with the EU, Russia, China, and the U.S. Despite increasing economic ties with the EU, Vučić resists sanctions against Russia and keeps diplomatic channels open with Moscow, reflecting historical and strategic ties. Serbia’s decisions, like avoiding BRICS membership and choosing European alignment, showcase a pragmatic approach prioritizing economic benefits while navigating global political pressures. Vučić’s strategy contrasts with the openly pro-Russian stance of Republika Srpska’s leadership, highlighting diverse policies within the Balkan region.

Dedollarisation and Independent Payment Framework, a Big Agenda for BRICS

At the forefront of the geoeconomic war of supply chains, economic corridors and trading routes is the dedollarisation movement spearheaded by the Brics collective. To begin with, what is dedollarisation? To understand this phenomenon, one needs to understand first its antonym – dollarisation. Dollarisationrepresents US dominance in global finances. It started in the 1920s when […]

BRICS: Lula Argues for Alternate Means of Trade Exchange

Brazilian President Luiz Inácio Lula da Silva on Wednesday (Oct. 23) once again defended the creation of alternate means of payment for commercial transactions between the BRICS countries, a bloc of developing countries of which Brazil is a member. The president took part in the 16th BRICS Leaders’ Summit in Kazan, Russia, through video from […]

Russia to Mine Bitcoin in BRICS Countries

In mid-October, during the BRICS Business Forum in Moscow, the Russian Direct Investment Fund (RDIF) partnered with domestic data center operator BitRiver to construct Bitcoin mining and AI computing facilities for BRICS nations. The project could see the BRICS group of nations — which already has a combined gross domestic product larger than the G7 […]