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BRICS countries call on UN to recognize Palestine as a state

a month ago -

In a joint statement, the leaders of BRICS pushed for “an independent and viable State of Palestine, under the internationally recognized borders of June 1967, with East Jerusalem as its capital, living side by side in peace and security with Israel.”

They also drew attention to the humanitarian crisis taking place in the Gaza Strip and the West Bank. In defiance of a UN Security Council resolution demanding an immediate ceasefire, Israel continues its deadly offensive ...

BRICS nations call for CEASEFIRE in Gaza and recognition of Palestinian statehood

a month ago -

During the first day of the 2024 BRICS Summit held on Oct. 23 and 24, the group reiterated its support for Palestine's admission as a full member of the United Nations. In a statement, BRICS called for the establishment of an "independent and viable State of Palestine under the internationally recognized borders of June 1967, with East Jerusalem as its capital, living side by side in peace and security with Israel."

The call to recognize Palestinian statehood ...

Western sanctions on Russia won’t work; they’re only making BRICS stronger

12 days ago -

The recent BRICS Summit in Kazan demonstrated that trying to isolate Russia in this manner in 2024 is a bit outdated. It turns out that Russia has many more supporters on the world stage than in times past, and these supporters are tired of the "sanctions wars."

Delegates from some 35 countries in Asia, Africa, the Middle East, Europe and Latin America convened alongside representatives from the United Nations (UN) and other organizations to discuss various matters ...

Russia rolling out blockchain payments in BRICS to move away from dollar

a month ago -

BRICS is rapidly growing, expanding from the original nations that help form its name of Brazil, Russia, India, China, and South Africa to encompass 10 countries, adding Egypt, Ethiopia, Iran, Saudi Arabia and United Arab Emirates to its roster. Numerous others are hoping to make their way through the approval process soon.

However, despite its growth, it hasn’t really accomplished much, and at this year’s summit in Kazan on the Volga River, Russian President Vladimir ...

Putin to showcase Russia’s global alliances at BRICS summit

a month ago -

Leaders representing around 40 percent of the world's population, including Chinese leader Xi Jinping and Indian Prime Minister Narendra Modi, are joining the BRICS summit hosted by the Russian city of Kazan. The summit provides Putin with a platform to reinforce Russia’s global influence amid sanctions and an international arrest warrant for his alleged war crimes in Ukraine.

The BRICS group was established in 2009 with four original members – Brazil, Russia, ...

BRICS announces new payment system for cross-currency exchanges, dealing a SERIOUS BLOW to the dollar

2 months ago -

Russian Foreign Minister Sergey Lavrov announced that the nine-member group is working toward the creation of the new payment system without the integration of the U.S. dollar called BRICS Pay. He added that the new payment system will not only be used to settle cross-border transactions, but also act as a complete financial set-up.

"Many are attracted by the fact that payment systems are being developed within BRICS [that] allows trading investing, carrying ...

BRICS alternative currency near realization, American empire death imminent?

August 13, 2024 -

(Article by Ben Bartee republished from ArmageddonProse.Substack.com)

I had a vague appreciation prior of the global dominance of the dollar, but it had never occurred to me that it could be used to conduct mundane transactions halfway around the world.

Those days are, if not over, soon to be over.

Via Business Insider (emphasis added):

The initiative came from a summit of the BRICS countries in Johannesburg last year where the group — ...

BRICS in “final stages” of dedollarization mission – new non-dollar global payment system CONFIRMED

June 20, 2024 -

At a meeting this week in Russia, BRICS announced that it has reached the "final stages" of its dedollarization mission, complete with a new payment system and new competing currency to the global reserve Federal Reserve Note (FRN), also known as the U.S. dollar.

The economic ministers of the leading BRICS member countries are just about ready to unveil a multipolar international monetary system that will mark an official end to U.S. dollar dominance as ...

BRICS nations are now openly preparing for a global collapse of the dollar

May 08, 2024 -

This is according to proclamations by Russia's executive director for the International Monetary Fund, Alexey Mozhin. He said that the downfalls of the current financial system are growing more obvious and pointed out how BRICS could step up in such an event and provide a viable alternative.

According to Mozhin, BRICS member countries could develop a currency based on those of its members, including the Indian rupee, the Chinese yuan, the Brazilian real, ...

BRICS nations to create independent blockchain-based payment system as part of sweeping dedollarization infrastructure

March 13, 2024 -

BRICS is a geopolitical bloc that is made up of Brazil, Russia, India, China, South Africa, Iran, Ethiopia, the United Arab Emirates and Egypt. It was originally an alliance of emerging market nations, but recent additions have placed some more developed, higher-income countries on their roster.

Relying on blockchain will simplify payments by authenticating them in real time with a decentralized network. The technology is already used for digital currencies such ...

BRICS to create blockchain-based payment system – Putin aide

March 06, 2024 -

The BRICS group of emerging economies plans to create a payment system based on digital technologies, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, has told TASS in an interview published on Tuesday.

(Article republished from YourNews.com)According to Ushakov, the system would be “outside of politics” and would not depend on national agendas or the fiat currencies of countries around the globe.

“We believe that an important ...

BRICS and EAEU trade blocs are accelerating the demise of the dollar

February 16, 2024 -

Russian Prime Minister Mikhail Mishustin revealed that the share of national currencies in the mutual settlements for the countries making up the Eurasian Economic Union (EAEU) is now at 90 percent.

The group was formed by Russia, Belarus and Kazakhstan in 2015 before being joined by Kyrgyzstan and Armenia; Vietnam is a free trade partner. It aims to ensure that workers, goods, services and capital can move freely between the countries that are part of the block.

In ...

BRICS core member South Africa urges ICC to PROSECUTE Israel for war crimes

December 21, 2023 -

"In South Africa, we have an accord with many other countries in the world. So we see it fit to refer this whole Israeli government action to the ICC," said South African President Cyril Ramaphosa. "We have put through a referral because we believe that war crimes have been committed there."

According to Russia Today, Pretoria has already sent all relevant paperwork to the ICC, which is based in The Hague. Ramaphosa also requested that the ICC begin its probe into Tel ...

BRICS nations may call for Israel to officially be labeled a “terrorist” state

November 27, 2023 -

Citing alleged war crimes in Gaza, Raisi submitted a request to the group's online Extraordinary Joint Meeting on the Middle East Situation in Gaza, asking everyone involved to use their influence to break Israel's "siege" of Gaza and insure that humanitarian aid can be safely delivered to embattled Palestinian civilians.

"It is necessary that this fake regime be recognized as a terrorist regime and its army be regarded as a terrorist organization," Raisi said, adding ...

BRICS nations jolt global economy, start trading oil in RUPEES rather than dollars

August 30, 2023 -

Just the other day, in fact, India reportedly purchased an order of oil using rupees instead of Federal Reserve Notes, which are still – but not for much longer – the primary foundation of global trade, especially for earth-based "fossil" fuels like oil.

According to reports, the United Arab Emirates (UAE) signed an agreement allowing not just India but all the rest of the BRICS members to buy and sell oil in rupees, which is really bad news for the U.S. economy....

BRICS block discussing possible expansion as it seeks to “upend” the US dollar

August 22, 2023 -

The BRICS bloc of developing economies, formed in 2009, is currently meeting for its 15th summit in Johannesburg, South Africa, with the goal of the meeting being to discuss possible expansion and eventually replacing the U.S. dollar as the premier currency of international reserves and medium of exchange. (Related: END OF THE DOLLAR: South Africa says over 40 countries want to join BRICS.)

Even South African Ambassador to BRICS Anil Sooklal ...

BRICS bloc’s proposed gold-backed currency could spell an END to the US dollar

July 28, 2023 -

This is according to multiple experts who warn that BRICS' proposal to leverage the power of gold could end with these five nations beating the dollar.

Investment banker and author Jim Rickard noted that as inflation and devaluation continue to affect the U.S. dollar, the price of this new gold-backed BRICS currency would only keep rising.

"It's a way to destroy the dollar. You don't need dollars and you don't need gold. You just need to be smart ...

BRICS members discuss possible expansion and creation of common currency to challenge US dollar’s supremacy

June 09, 2023 -

The five nations that make up BRICS – Brazil, Russia, India, China and South Africa – represent more than 40 percent of the global population, and their share of the world economy – when measured in purchasing power parity – outperforms that of the American-led G7 bloc.

Once viewed simply as a loose association of disparate emerging economies seeking to find a way to make it easier to sign trade deals with one another, BRICS has in recent years taken on ...

BRICS to lay foundation for EXPANSION: 13 Nations formally asked to join group, 6 others expressed interest

May 04, 2023 -

"What will be discussed is the expansion of BRICS and the modalities of how this will happen," said South African Ambassador to BRICS Anil Sooklal in an interview with Bloomberg. "Thirteen countries have formally asked to join and another six have asked informally. We are getting applications to join every day." (Related: Potential BRICS expansion could mark end of dollar as world's pre-eminent currency.)

Sooklal refused to identify every single ...

BRICS New Development Bank ditching US dollar by offering loans in local currencies

April 19, 2023 -

NDB President Dilma Rousseff confirmed the move, adding that the financial institution plans to give 30 percent of loans in the local currencies of member nations. The NDB was established in 2014 by the BRICS group – Brazil, Russia, India, China and South Africa – to challenge the U.S.-dominated World Bank. Rousseff, who served as Brazil's president from 2011 until her impeachment in 2016, took over the NDB's leadership in March 2023.

"It is necessary to find ...