In what has the potential to be one of the biggest points of discussion at the event, the BRICS bloc proposed the use of Bitcoin for international payments at its 2024 Summit. Indeed, all eyes were on the leading cryptocurrency as the bloc discussed its ongoing de-dollarization approach. The economic alliance has continued to find…
In one of the more surprising developments of the event, the BRICS bloc denied any plans to create a cross-border payment system at the 2024 annual Summit. Indeed, speaking Thursday, Russian President Vladimir Putin noted that the current infrastructure was sufficient for the economic alliance. Throughout the year, the bloc has firmly embraced de-dollarization. The…
Amid the ongoing BRICS Summit 2024, China’s President, Xi Jinping, made a historical announcement regarding the bloc’s new payment system. Indeed, the bloc is expected to unveil more facets of its groundbreaking BRICS Pay system. Moreover, it should be the next step into greater economic autonomy for the economic alliance. The 2024 Summit is set…
Western leaders from Europe are facing jitters as the BRICS 2024 summit is held in the Kazan region of Russia. Talks of isolating Russia through sanctions have failed as representatives from over 40 countries are participating in the outreach. Policies about de-dollarization, ending reliance on the Euro and Pound, and pushing local currencies for trade…
The de-dollarization initiative is no longer confined to BRICS as other emerging economies are participating in the discussions at the 2024 summit. The outreach session will be conducted on the last day of the summit on October 24, 2024. Topics such as de-dollarization, new trade policies, and the usage of local currencies will take center…
Despite accepting an invitation to join the alliance in 2023, the BRICS bloc has yet to fully welcome Saudi Arabia into the alliance. That could be set to change at the BRICS 2024 Summit, according to an official announcement. Specifically, Russian Spokesperson Dmitry Peskov noted Riyadh’s participation within the alliance will be made clear after…
One of the most important events in the geopolitical world is nearing in less than one week. Indeed, with the BRICS Summit 2024 set to occur over two days between October 22nd and 24th, there is a growing interest in what the bloc could unveil, and what countries could be in line to attend the…
October is set to be a monumental month for the BRICS alliance, with the bloc possibly expanding to 20 nations at the highly-anticipated 2024 Summit. Indeed, the annual event has proven to be a major point of emphasis for the group. Subsequently, this year could feature more of the same With the BRICS Pay system…
With the 2024 Annual Summit arriving next month, Pakistan could be poised to join BRICS and adopt the alliance’s new currency system in 2024. Russia has recently voiced its support for the country’s inclusion in the economic bloc, according to Moscow’s Deputy Prime Minister Alexie Overchuk. In 2023, the alliance welcomed four new members in…
The BRICS economic alliance is headed toward what may be the most important event in its history. The bloc’s annual summit has become a vital meeting for the group. Moreover, this year’s iteration looks to be filled with the potential for groundbreaking developments to arise. Specifically, the BRICS collective is expected to share 3 major…
Another new country has expressed its interest in joining BRICS before the 2024 summit in October. The 16th summit is scheduled to take place in the Kazan region of Russia on October 22 to 24. Developing countries are queuing up to join the alliance in part to advance the de-dollarization agenda. Cutting ties with the…
The BRICS alliance has invited three countries to attend the 2024 summit in October this year. The 16th summit is scheduled to take place in the Kazan region of Russia on October 22 to 24. The expanded nine-member alliance will discuss bilateral trade, ways to promote local currencies, and new ways to settle cross-border transactions….