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Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free

Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-FreeRussian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national currencies due to these sanctions. Putin emphasized BRICS nations’ […]

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BRICS Unites 40 Nations at Leaders’ Summit — Russia Pushes for Global Partnerships

BRICS Unites 40 Nations at Leaders’ Summit — Russia Pushes for Global PartnershipsNearly 40 countries will participate in the BRICS Plus/Outreach session, expanding the reach of the 2024 BRICS Summit hosted by Russia. The summit will address cooperation in politics, security, and economics. A central focus will be the expansion of BRICS, potentially introducing a new “partner states” category, reflecting the group’s growing global influence. Key discussions […]

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Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?

Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing countries, Putin sees this initiative as a critical step […]

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Russia Vows to Launch Domestic Payment System to Render Western Sanctions Obsolete

Russia Vows to Launch Domestic Payment System to Render Western Sanctions ObsoleteRussia is determined to create a domestic payment system to conduct trade and international transactions free from current disruptions. Mikhail Mishustin, Prime Minister of Russia, stated that this will be a joint effort by many institutions to achieve a principles-based system instead of the current one managed by Western institutions. Prime Minister States Russia Will […]

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BRICS Summit to Far Surpass US Presidential Election in Global Importance, Russian Official Claims

BRICS Summit to Far Surpass US Presidential Election in Global Importance, Russian Official ClaimsThe BRICS summit, not the U.S. presidential election, will be the defining event of global history, a Russian official claims. With BRICS expanding and 65% of its transactions now in national currencies, they argue the world is shifting away from U.S. dominance toward sovereign partnerships. “I believe that in 2024 the vector of human development […]

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Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western Control

Digital Ruble and Sanctions: Expert Analyzes Russia’s Digital Currency Plan to Evade Western ControlA Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]

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Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist Possible

Russia’s Digital Currency Measures Fail to Satisfy FATF, Blacklist PossibleRussia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing previous concerns and stressed that no significant deficiencies exist that would justify Russia’s inclusion on the FATF blacklist, […]

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BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says Professor

BRICS Bank Offers Zimbabwe Escape From IMF Debt Traps, Says ProfessorA Zimbabwean professor has highlighted the BRICS New Development Bank (NDB) as a crucial alternative to the International Monetary Fund (IMF), offering better financial terms to developing nations. He emphasized the NDB’s role in helping countries like Zimbabwe escape debt cycles and discussed the introduction of Zimbabwe Gold (ZiG), a currency backed by mineral wealth, […]

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Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global TradeBrazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]

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Cuba Officially Asks Russian President Vladimir Putin to Join BRICS Coalition

Cuba Officially Asks Russian President Vladimir Putin to Join BRICS Coalition

The Republic of Cuba has reportedly asked Russia if it can join the BRICS alliance, the coalition that’s competing against the US dollar hegemony. In a post on the social media platform X, Cuban ambassador and foreign minisiter Carlos M. Pereira says the country officially asked Russian president Vladimir Putin to consider adding Cuba to […]

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