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The Future of the Dollar and the Prospect of a BRICS Currency: Insights from Putin’s Statements
As global discussions around the U.S. dollar's future and a potential BRICS currency gain momentum, President Putin’s recent comments highlight both the challenges and opportunities ahead. While Russia does not seek to abandon the dollar, evolving U.S. policies are driving nations to consider alternatives. In this article,...
The Fate of the Dollar and the Prospects for BRICS Currency: What's Behind Putin's Statements?
The future of the dollar and the prospects for the BRICS currency are becoming increasingly relevant topics amid changes in the global economy and new statements by world leaders. In his latest speech, Vladimir Putin emphasized that Russia does not seek to abandon the dollar, although the restrictive ...
Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization
... LBMA. The practical realization of this strategy is represented by the launch of gold trading in St. Petersburg, which will open new avenues for Russian producers and foreign partners from friendly countries to conduct operations with precious metals.
BRICS Countries and De-Dollarization
The independent Russian gold market fits into the broader context of BRICS countries' efforts to diminish reliance on the dollar-based financial system. Russia is one of the world's largest gold producers, and in October ...
Key Takeaways from Putin's Address at SPIEF 2025 – Essential Signals for Investors
... 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 ...
Introduction of Import Tariffs and Removal of EV Subsidies in the U.S.: Donald Trump's Initial Steps
... 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....