Mastercard and Visa halted operations in Russia. Most Russian banks take only US dollars or euros to exchange for rubles.

If there’s one thing the recent BRICS summit in Kazan revealed, it’s that when you divide the world into the West and the ...

On the one hand, the BRICS summit was Putin's success and to his benefit—it is rare for anyone to gather such a group of world leaders. This meeting demonstrates the West's failure to organize a ...

Yuri Ushakov, foreign policy aide to Putin, stated that 36 countries have confirmed their participation, with over 20 planning to send their heads of state, the Associated Press reported. The 2024 ...

Additionally, Sri Lanka's ambition to join the New Development Bank (NDB) has been positively received, as announced by the ...

(Bloomberg) -- President Vladimir Putin is playing host to Russia’s biggest gathering of world leaders since the invasion of ...

BRICS nations are developing alternative payment systems and potentially a new currency backed by gold and local currencies ...

Wang Lei, director of the BRICS Cooperation Research Center at Beijing Normal University, said that the unique value of BRICS ...

He stressed that Russia's financial initiatives for the summit implied the extensive use of national currencies, while talk ...

The network of emerging economic powers known as BRICS is ramping up its science collaboration. Researchers need to be ...

Foreign Minister Vijitha Herath yesterday told The Island that a section of the media had misinterpreted a decision taken by ...

Russia’s President Vladimir Putin is hosting China’s Xi Jinping, India’s Narendra Modi and other world leaders at a summit of the BRICS bloc of developing economies, part of Kremlin efforts to challen ...