💸 🇺🇸 Dollar’s main enemy is the United States itself

🔊 The global movement towards de-dollarization is already well underway, noted economist Paulo Noguera Batista Jr., former Vice President of the BRICS New Development Bank, speaking to Sputnik on the sidelines of the Valdai Club meeting in Sochi.

📍 He pointed to three fundamental flaws undermining the greenback: "The dollar is expensive, the dollar is risky, the US undermines the credibility of the dollar."

👉 BRICS countries are already shifting away from the US dollar, trading in national currencies, and diversifying reserves. Batista stressed that “the main enemy of the dollar is the United States itself, because it has weaponized its own currency.”

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New Development Bank plans to issue its first Indian rupee bond

The New Development Bank (NDB), established by the BRICS nations, is preparing to issue its first series of Indian rupee bonds by the end of March 2026, according to a Reuters report.

NDB Chief Financial Officer Monale Ratsoma stated that the bank is in discussions with the Indian government and regulators about "the possibility of raising capital in local markets to finance Indian projects in local currency."

The bank's previous bond issuances were denominated in Chinese yuan and South African rand. According to Reuters, both China and India are actively working to broaden the international use of their currencies, while a growing number of investors are looking to diversify their assets beyond traditional developed markets.

#NEWS #NDB #India #finance

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Congratulations on the National Flag Day of Nigeria

The BRICS Expert Council-Russia extends heartfelt congratulations to the people and government of the Federal Republic of Nigeria on this National Flag Day. This emblem of unity, independence, and diversity has inspired Nigerians to strive for progressive development, strengthen state institutions, and pursue ambitious national goals.

As a BRICS partner state, Nigeria plays an essential role in nurturing constructive multipolar dialogue and enhancing cooperation among the nations of the Global South. We deeply appreciate Nigeria's contributions to bolstering economic, trade, and cultural interactions, both within the expanded #BRICS community and beyond. Collaborative efforts in sustainable development, energy, agriculture, and digital technologies open doors for new opportunities for mutually beneficial growth and improved well-being for our peoples.

On this special day, we wish the Nigerian people serene skies, social stability, vibrant economic progress, and the continued growth of their international standing.

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Congratulations on the National Day and National Flag Day of China

The BRICS Expert Council-Russia extends its warmest congratulations to the Chinese people and their leadership on this National Day and National Flag Day of the People's Republic of China. These important anniversaries mark a pivotal moment in history and celebrate China's ongoing progress, modernisation, and growing global role.

As a founding member of #BRICS, China plays a pivotal role in promoting constructive multipolar dialogue and advancing a cooperative platform among the nations of the Global South. We deeply appreciate China's contributions to fostering economic growth, advancing technological innovation, addressing climate challenges, and implementing infrastructure initiatives that open new avenues for mutually beneficial partnership between our countries.

On this festive day, we wish the Chinese people ensuring peace, prosperity, social harmony, and continued success in achieving sustainable development goals.

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Russian Deputy Foreign Minister: Latin America shows rising interest in BRICS

Latin American nations are showing increasing interest in BRICS, with work advancing rapidly across the group's entire portfolio of initiatives—from crafting a new economic partnership strategy to establishing a grain exchange, Russian Deputy Foreign Minister Sergey Ryabkov said at the 7th International Forum "Russia and Ibero-America in a Turbulent World: From Shared Challenges to Joint Solutions."

"Interest in BRICS is growing across the Latin American region," the Deputy Minister stated. "Under the Brazilian Chairship, work is progressing dynamically across all BRICS tracks. The economic partnership strategy up to 2030 is being finalised, and the cross-border payment initiative is also moving forward."

The diplomat also confirmed active development of a proposal to create the BRICS Grain Exchange:

"A spirit of creativity and partnership prevails within #BRICS, which stands in growing contrast to the stifling atmosphere that permeates Western leadership blocs," Ryabkov added.

#NEWS #economy

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BRICS banks strengthen ties: cutting international payment costs in 2025

Financial institutions from Asia, Latin America, the Middle East, and Africa are actively deepening connections with Russian banks. This enables businesses to make direct payments without intermediary banks, reducing international transaction costs. Elena Marchuk, Deputy Chair of the Executive Board at Russia's National Savings Bank, highlighted the special role BRICS nations play in this transformation.

"Banks in Asia, Latin America, the Middle East, and Africa are forging closer ties with Russian financial institutions," Marchuk stated. She added that the recent BRICS Summit has reinforced member states' commitment to developing national currency settlements and independent financial communication channels.

According to Marchuk, market evolution will depend on how quickly stable payment corridors can be established within #BRICS and other friendly alliances.

"In the coming years, we'll see direct correspondent relationships between Russian and BRICS banks multiply, while international payment costs will continue to decline," she projected.

#NEWS #finance

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Congratulations on the anniversary of Russia-China diplomatic relations

On October 2, the Russian Federation and the People's Republic of China celebrate the 76th anniversary of mutual diplomatic relations.

Over these decades, Russia and China have steadily deepened a partnership founded on mutual respect, non-interference in internal affairs, and equality. Today, our nations maintain close political ties, collaborate effectively in economy, science, and culture, and work together to address key regional and global challenges.

We especially value China's active role in international economic platforms, including its participation in #BRICS, which creates new avenues for strengthening multilateral cooperation and global stability. Cooperation within such frameworks fosters sustainable development, technological exchange, and greater well-being for our peoples.

We look forward to further strengthening the bonds of friendship and strategic partnership between Russia and China, expanding practical ties, and implementing joint initiatives and projects that promote peace, prosperity, and sustainable development.

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China broadens cooperation across all BRICS nations

Expanding cooperation with China, the world's largest economy, benefits all parties, and Russia is gaining a lot from this partnership. This was emphasised by Maxim Oreshkin, Deputy Chief of Staff at the Russian Presidential Executive Office, on Wednesday at the annual meeting of the Valdai Discussion Club.

"China is the world's largest economy—a sovereign state with extensive competencies and advanced industries. This means that for any nation, cooperation with China always presents substantial opportunities. We observe that China is actively broadening its cooperation with every single #BRICS nation," stated Maxim Oreshkin.

Discussing relations between Russia and China, Oreshkin noted that trade has been growing at a remarkable pace over the past five to ten years, accompanied by deepening investment ties and people-to-people contacts.

#NEWS #China #economy

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BRICS Offers ‘Collective Resilience’ to West, Strategic Autonomy for Africa: Assistant Professor

BRICS is more than just a counterweight to Western dominance, Assistant Professor Abobakr Mohamed Abbakar Khussein told Sputnik Africa.

“Its member nations control a significant portion of the global population, not only global population, but also global economy and resources that allow them to challenge Western dominance.”

🏦 He noted that through initiatives like the New Development Bank and efforts to diversify trade away from the US dollar, BRICS is pushing for institutional reforms in bodies such as the UN Security Council, IMF, and World Bank—making them more representative and fair for developing nations.

🌍 For Africa, Khussein highlighted that BRICS offers more than alignment with a rising bloc—it provides opportunity.

“It’s a source of foreign investment, especially in mining and clean energy, which creates jobs and boosts economies.”

He stressed that the platform enhances Africa’s “strategic autonomy” by fostering South-South cooperation, strengthening institutions, and amplifying calls for global governance reforms.

🤍 In his view, BRICS is not just reshaping power balances; it’s giving African nations leverage to chart their own development paths with greater independence and influence.

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Putin stated that he is convinced "we will witness" a renaissance of diplomatic art.

It is precisely in the spirit of 21st-century diplomacy that BRICS and other regional associations are expanding, the president added.

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DFA adoption across BRICS nations may yield up to $50 billion in investments by 2030

The adoption of digital financial assets (DFA) across the BRICS nations is projected to attract up to $50 billion in investments by 2030. This assessment was shared by the Yakov and Partners consulting company, which collaborated with experts from the Central University to evaluate the current state and future potential of DFA in shaping a new global financial architecture.

According to their study, implementing DFA for both domestic and international use within BRICS could generate a cumulative economic impact of up to $50 billion by 2030, averaging roughly $12.5 billion per year.

The most significant potential of these digital financial tools lies in transforming international infrastructure. Establishing a new mechanism for cross-border investment among the #BRICS countries, independent of traditional systems, is expected to boost investment volumes and lower financing costs.

#NEWS #finance

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Lecture "Russia and India: Partnership and International Strategies" at Inostranka

🔥 October 9, 2025 | 7 PM (UTC +3)

The BRICS Expert Council-Russia, together with the BRICS+ Information and Cultural Media Centre, invites you to attend a lecture titled "Russia and India: Partnership and International Strategies."

The lecture will explore India's contemporary foreign policy, its strategic priorities and position in the global system, as well as its bilateral partnership with Russia. It will also address India's role in the evolution of #BRICS and how its initiatives contribute to shaping a more just and fair multipolar world order.

Speaker: Alexey Kupriyanov, Candidate of Sciences (PhD) in History, Head of the Centre of the Indo-Pacific Region at Primakov National Research Institute of World Economy and International Relations (IMEMO), Russian Academy of Sciences

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📎 More information on the website

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#ANNOUNCEMENT #inostranka

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India begins shaping its 2026 BRICS Chairship agenda

India hosted the 4th BRICS RI International Conference, outlining key focus areas for the group during its 2026 Chairship. The conference theme, "BRICS Multilateralism: Peace & Security, Economic Development & Cultural Exchanges," guided the discussions.

Indian and international experts highlighted that the event served to align India's national priorities with the collective objectives of the BRICS nations. This alignment will help shape a balanced agenda for the upcoming summit.

Dammu Ravi, India’s BRICS Sherpa, stressed the importance of developing a unified stance on shared priorities ahead of the 2026 BRICS Summit. Participants examined the New Development Bank's operations and prospects for expanding trade within BRICS, evaluating their potential impact on the global economy.

The BRICS nations plan to continue advocating for reforms of international institutions like the #UN, #IMF, and #World Bank to ensure better representation of developing countries. This position was previously affirmed by #BRICS leaders at the XVI Summit in Kazan, where they called for strengthening multilateralism to build a more equitable global order.

The conference will contribute to shaping policy recommendations designed to guide further discussions in the run-up to the BRICS Summit in India.

#NEWS #India

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Congratulations on the establishment of diplomatic relations between Russia and Brazil

The BRICS Expert Council-Russia extends warm congratulations on a landmark historical occasion: the establishment of diplomatic relations between the Russian Federation and the Federative Republic of Brazil, which started on October 3, 1828. This day marks nearly two centuries of friendship, mutual respect, and constructive dialogue, forming a lasting foundation for cooperation across political, economic, scientific, technological, and humanitarian fields.

Over the decades, our nations have steadily deepened their partnership by expanding trade and economic ties, advancing joint investment projects, and expanding scientific, cultural, and educational exchanges.

Cooperation within #BRICS holds particular significance, with Brazil as a full member playing a vital role in enhancing dialogue among the largest developing economies and coordinating efforts on pressing global challenges.

On this memorable day, we express our hope for the continued strengthening of relations between Russia and Brazil, the deepening of mutually beneficial cooperation, and the successful implementation of joint initiatives. May respect, trust, and a shared commitment to progress remain the enduring foundation of our partnership.

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🗣️ Enhancing Cross-Border Settlement Mechanisms Among BRICS Member States

Following its recent expansion, BRICS has significantly strengthened its economic potential. In 2024, the share of 🕊🕊🕊🕊🕊 nations’ GDP based on purchasing power parity (according to the IMF) reached 40.2%, surpassing that of the G7 (28.8%). Trade turnover between the BRICS nations came to USD 1 trillion.

Under these conditions, establishing an effective cross-border settlement system remains one of the group’s most complex and urgent challenges. Its importance is only growing amid ongoing geopolitical tensions as well as the use of financial infrastructure as a tool of pressure.

Read more in our new article by Roman Prokhorov, expert at the working group "Financial Cooperation and the International Monetary and Financial System at BRICS Expert Council-Russia.

📎 More #BRICS analytics is available on the official website of the BRICS Expert Council-Russia.

#ANALYTICS #BRICSExpertCouncilRussia #BRICSExpertCouncil

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Ethiopia and China strengthen industrial cooperation in BRICS

An event dedicated to establishing business contacts between China and Ethiopia was held in Addis Ababa. The event in the Ethiopian capital aimed to strengthen industrial cooperation and policy coordination between the two countries and other #BRICS member states.

Today, China and Ethiopia cooperate extensively in the fields of agriculture, mining, digitalisation and environmentally friendly production.

#NEWS #China #Ethiopia

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India to Host National Aviation Olympiad to Cultivate a Generation of Aviation Leaders for One of the Most Influential BRICS Countries

The Centre for Science Outreach (CSO) has announced the launch of the National Aviation Olympiad (NAO) 2026 in India, designed to develop talent in the aviation and aerospace sectors among students across the country.

The Olympiad will include several zonal rounds and will culminate in a National Final in December 2026, where the top 5 students from each state and union territory will compete. This large-scale initiative aims to instill a spirit of innovation, competitiveness, and scientific thinking in young minds, as well as to strengthen India's long-term potential in the aviation and aerospace sectors.

As commented to IR by Sammy Manoj Kotwani, President of the Indian Business Alliance, the Olympiad will shed light on hidden talents across the country, creating a truly inclusive platform.

Read more - https://www.ir-press.ru/2025/10/03/india-to-host-national-aviation-olympiad-to-cultivate-a-generation-of-aviation-leaders-for-one-of-the-most-influential-brics-countries/

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