... policies, and a system to manage currency risk. These steps make the process complex and time-consuming. Challenges Facing a Potential BRICS Currency Creating a unified currency for the BRICS nations involves numerous challenges: Economic Alignment: The BRICS economies differ significantly in terms of size, economic structure, and political interests. For instance, China is one of the largest global economies, while South Africa’s economy is much smaller. Aligning these countries on economic and monetary ...

... that undermining trust in the dollar by its own issuer could lead to its gradual weakening. Prospects for a Unified BRICS Currency The possibility of creating a unified BRICS currency is one of the most discussed topics in international economics. The BRICS bloc consists of five of the largest emerging economies in the world — Brazil, Russia, India, China, and South Africa — creating significant potential for integration in economic and financial spheres. The introduction of a unified currency could reduce the countries' dependence on the dollar ...

... Development Model In the second part of the speech, Vladimir Putin focused on foreign economic issues and Russia's role in the world. He noted the growing importance of Global South countries and integration associations. In particular, the share of BRICS countries (Brazil, Russia, India, China, South Africa) in the world economy has already reached 40% and continues to increase. According to the president, this is an objective process: "a new world order is emerging naturally—like the rising ...

... measures contradict the existing USMCA agreement, which provides for a free trade area between the U.S., Canada, and Mexico. Experts believe that tariffs on dairy products from Canada and agricultural goods from Mexico could significantly impact the economies of both countries. HSE Professor Alexei Portansky described such actions as an unprecedented violation of trade agreements. Nonetheless, against the backdrop of a 25% tariff for Canada and Mexico, BRICS countries will face even stricter conditions—Trump has expressed his intent to impose tariffs of 100% on them. It is curious that Donald Trump mistakenly included Spain among BRICS countries, which caused confusion among journalists and analysts....

... significant economic events that could substantially impact the Russian economy. Key events include: 1. RBI Interest Rate Decision (07:30 MSK) Changes in India's interest rate can affect borrowing costs and the country's investment appeal. For Russia, as a BRICS partner, this may influence bilateral trade and investment flows. 2. Germany's Industrial Production for October (10:00 MSK) Germany is Russia's leading European trade partner. An increase in industrial production indicates higher demand for Russian ...