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By Rhod Mackenzie

The European Union is continuing to implement sanctions against Russia in an attempt to restrict its international financial transactions. The latest package of sanctions includes a prohibition on EU banks using the Russian analogue of SWIFT, the Financial Message Transmission Sy...

By Timofei Bordachev

Discussions about what BRICS can actually do and what it can’t should begin with an understanding of how much the achievements or failures of other international institutions are related to their individual characteristics. The second may be a theoretical task, but it makes cl...

By Ivan Timofeev

The creation of new financial mechanisms through BRICS is one of the most promising fields for the development of the association. In the final declaration of the BRICS countries after the 2023 Summit, financial policy was given quite a lot of attention. In particular, it was sta...

By Pepe Escobar

BRICS doubled its membership at the start of 2024, and faces huge tasks ahead: integrating its newest members, developing future admission criteria, deepening the institution's groundings, and most importantly, launching the mechanisms for bypassing the US dollar in international f...

By Rhod Mackenzie

On March 11, Vladimir Putin, the President of the Russian Federation, signed a law permitting the use of digital financial assets (DFAs) and digital rights in international payments.

This law enables international transactions through digital assets. It is important to note th...

The BRICS countries, led by Russia, are considering creating their own foreign trade settlement system based on blockchain. This could be economically profitable and politically safe, as it would make the BRICS countries less dependent on the decisions of Western politicians.
The BRICS countries...