More than a dozen countries worldwide have decided to restrict or completely prohibit transactions in US dollars as a protest against its hegemony in the commercial sector.
The US currency faces various initiatives, such as the BRICS group, to achieve the dedollarization of global transactions. In…
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BRICS launches UNIT payments tool, backed by gold and member countries’ currencies
The BRICS group recently launched UNIT, a payment unit backed by gold and a basket of member countries' currencies. This is a further step towards ending the hegemony of the US dollar in the global financial system.
The group stated that…
BRICS reject US tariff policy
The BRICS countries made public their rejection of US tariff policies during their recent virtual summit.
The meeting was convened by Brazilian President Luiz Inácio Lula da Silva and was held via videoconference by the group of emerging…
Brazil and China to develop CBERS-5 geostationary satellite
Brazil and China signed an agreement for the joint development of the CBERS-5 geostationary satellite, as part of the China-Brazil Earth Resources Satellite (CBERS) program.
The signing of this agreement was announced last week, when…
Russia supports Venezuela in its intention to join the BRICS
The Russian Federation and the Bolivarian Republic signed an agreement on strategic partnership and cooperation. In the document, published on the Kremlin website, Russia supports Venezuela in its intention to join the BRICS.
"Russia…
Venezuela will target the export of fishery and agricultural products to the BRICS market
The Venezuelan government indicated that it will seek to market its fishery and agricultural products in the BRICS market to address US tariffs.
Venezuelan Trade Minister Coromoto Godoy indicated that government representatives have…
Brazil announced new members of the BRICS
The BRICS group, through the Ministry of Foreign Affairs of Brazil, announced its new members, which are: Cuba, Bolivia, Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan.
With the announcement made…
Cuba officially requested to become a member of the BRICS
Cuba officially requested its incorporation into the BRICS as a partner country. This was announced on Tuesday, October 8, by the Director General of Bilateral Affairs of the Ministry of Foreign Affairs of Cuba, Carlos Miguel Pereira.…
Algeria was admitted to the New BRICS Development Bank
Recent data from the local Ministry of Finance highlights Algeria's accession to the New Development Bank (NBD) of the BRICS, an entity that seeks to distribute resources to finance plans in emerging markets and developing countries.…
Venezuela invites the BRICS+ group to the July 28 elections
The BRICS+ bloc was invited to the presidential electoral process in Venezuela on July 28, through a proposal to Russia by the Vice Minister for Latin America, Rander Peña.
During the Central Plenary of the International Forum of Political…
Venezuela will create a business commission to establish agreements with the BRICS
Venezuela takes a new step towards its integration into the BRICS group with the upcoming creation of a business super commission ordered by the president, Nicolás Maduro.
The objective of this commission is to accelerate the country's…
The BRICS will create a registry to exchange data on cyberattacks
The BRICS agreed in Moscow to create a data exchange on cyberattacks and incidents among an expanded group of participants.
This was announced by the Russian Department of Foreign Affairs through a statement, which emphasizes technological…