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By Rhod Mackenzie

The Russian Foreign Minister Sergei Lavrov stated that de-dollarization is occurring globally, including Russia's bilateral relations with other countries.
It is important to clarify the objectives we have set for ourselves. According to Lavrov, the tasks are aimed at ensuring...

Saudi Arabia officially joined the BRICS alliance becoming the first large oil-producing country to enter the bloc. BRICS initiated a power move with Saudi Arabia’s inclusion as they now control nearly half of the world’s oil output. The development puts the US prospects in peril as America only hol...

By Rhod Mackenzie

Last week, the Finance Committee of the Iraqi Parliament called for an end to the sale of Iraqi oil in dollars in response to US sanctions against Iraqi banks.

According to Oil Price, the committee stated that the US Treasury is using money laundering as a pretext for imposing...

By Rhod Mackenzie

According to a study cited by RIA Novosti, one-third of UN member countries have opted for de-dollarization and are developing their own national means of payment.

The analysis reviewed statements made by officials from all 193 UN countries in international and Russian media....

By Jai Hamid

The global financial landscape is undergoing a dramatic transformation, with the BRICS alliance – Brazil, Russia, India, China, and South Africa – at the forefront of a daring initiative to challenge the supremacy of the US dollar.

The year 2023 has been a landmark period for this b...

By Rhod Mackenzie

According to analysis of data from the Pakistani government, Pakistan received a record 1.4 million tons of grain from Russia in 2023. In addition, the November imports were paid for the first time in UAE dirhams instead of US dollars.

At the end of autumn, Pakistan imported 37...