Tag: BRICS

DIPLOMACY

Kremlin downplays Trump’s tariff warning about BRICS, asserting no plans for a shared currency

The Kremlin dismissed U.S. President Donald Trump‘s renewed threat on Friday to impose tariffs on the BRICS nations if they established their own currency, asserting that there has never been any such intention. On Thursday, Trump cautioned BRICS members against replacing the U.S. dollar as the global reserve currency, reiterating a previous threat of imposing 100% tariffs that he had made shortly after his election … Continue reading Kremlin downplays Trump’s tariff warning about BRICS, asserting no plans for a shared currency

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President-elect Donald Trump speaks at Turning Point USA's AmericaFest in Phoenix, Arizona, U.S.
TOP STORIES

Trump warns BRICS countries against moving away from the US dollar by threatening tariffs

President Donald Trump issued a warning on Thursday to BRICS member nations regarding their potential efforts to replace the U.S. dollar as the global reserve currency. He reiterated a previous threat of imposing 100% tariffs, which he first mentioned shortly after his election victory in November. “We will demand a commitment from these seemingly adversarial countries that they will not establish a new BRICS currency … Continue reading Trump warns BRICS countries against moving away from the US dollar by threatening tariffs

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Russian President Vladimir Putin meets Iranian counterpart Masoud Pezeshkian on the sidelines of a cultural forum dedicated to the 300th anniversary of the birth of the Turkmen poet and philosopher Magtymguly Fragi, in Ashgabat, Turkmenistan.
DIPLOMACY

Russia and Iran bolster their partnership following challenges in Syria

Iran and Russia have finalized a long-awaited cooperation agreement, solidifying their relationship as both nations confront increasing geopolitical challenges. The 20-year pact, signed by Iranian President Masoud Pezeshkian and Russian President Vladimir Putin in Moscow on Friday, enhances military and defense collaboration. It includes a provision ensuring that neither country will permit its territory to be used for actions that could jeopardize the other’s security, … Continue reading Russia and Iran bolster their partnership following challenges in Syria

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DEFENCE

India and China must work towards rebuilding trust, according to the Indian army chief

Indian Army Chief General Upendra Dwivedi has indicated that a standoff-like condition persists along the Line of Actual Control (LAC), the informal ceasefire line between India and China, despite an agreement for disengagement reached in October 2024. During a press conference in New Delhi on Monday, the general emphasized the necessity for both nations to “come together and rebuild trust.” General Dwivedi remarked that following … Continue reading India and China must work towards rebuilding trust, according to the Indian army chief

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DIPLOMACY

Indonesia will become a full member of the BRICS bloc, according to Brazil

Brazil’s government announced on Monday that Indonesia has officially become a full member of the BRICS group, which consists of major emerging economies. The South American nation is set to assume the presidency of the bloc in 2025. Currently, BRICS includes Brazil, Russia, India, China, and South Africa, and it has been actively expanding to incorporate additional countries. Continue reading Indonesia will become a full member of the BRICS bloc, according to Brazil

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TOP STORIES

What benefits will the UAE gain from joining BRICS, and what advantages will BRICS receive from its inclusion?

The United Arab Emirates is an emerging nation characterized by its ambitious economic and political objectives. In its pursuit of diversification, the UAE is actively enhancing its global connections and striving to elevate its status on the international stage. This effort unfolds against a backdrop of significant shifts in global politics, as the traditional world order, which has governed international relations for decades, increasingly fails … Continue reading What benefits will the UAE gain from joining BRICS, and what advantages will BRICS receive from its inclusion?

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DIPLOMACY

Uganda is scheduled to officially become a member of the BRICS partnership on January 1

Uganda is set to officially join the BRICS partnership on January 1, as announced by Yury Ushakov, an aide to Russian President Vladimir Putin, during a press briefing on Monday. He noted that Uganda is among nine nations that have expressed their willingness to attain this status. In November of the previous year, US President Joe Biden removed Uganda, along with the Central African Republic, … Continue reading Uganda is scheduled to officially become a member of the BRICS partnership on January 1

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Then-President Donald Trump and Indian Prime Minister Narendra Modi at a joint event on Sunday, September 22, 2019, in Houston, Texas.
TOP STORIES

India’s pro-American stance may assist Modi in gaining favor with Trump

United States President-elect Donald Trump continues to embody his self-assigned title of “tariff man.” In the weeks leading up to his inauguration, he is focusing on some of the world’s rapidly expanding major economies. Earlier this month, he specifically targeted the BRICS nations, warning them of potential 100% tariffs if they attempt to create a new currency or replace the US dollar with an alternative. … Continue reading India’s pro-American stance may assist Modi in gaining favor with Trump

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DIPLOMACY

Indonesia remains committed to pursuing BRICS membership despite potential tariff threats from Trump

Indonesia is proceeding with cautious determination to join BRICS, despite a warning from U.S. President-elect Donald Trump regarding potential tariff increases on members of the Russia- and China-led coalition if it continues to pursue its aim of creating an alternative to the U.S. dollar in global trade. During a parliamentary meeting this month with the Indonesian Foreign Ministry, lawmakers voiced their apprehensions about Trump’s threats. … Continue reading Indonesia remains committed to pursuing BRICS membership despite potential tariff threats from Trump

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Russian President Vladimir Putin attends a press conference
DEFENCE

Russia collaborates with BRICS to establish an AI alliance, according to Putin

President Vladimir Putin announced on Wednesday that Russia plans to collaborate with BRICS partners and other nations to advance artificial intelligence, aiming to counter the United States’ leading position in this vital technology of the 21st century. During Russia’s premier AI conference, Putin revealed that the newly formed AI Alliance Network would encompass national associations and development institutions focused on AI from BRICS nations and … Continue reading Russia collaborates with BRICS to establish an AI alliance, according to Putin

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