Category: BRICS china

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Oil Giants Joining BRICS a Strategic Success for China and Russia, Expert Says

August 28, 2023

A German expert says that the BRICS economic bloc adding several oil giants as new members “is a strategic success for China and Russia.” The BRICS leaders announced at their annual summit last week that they have invited Saudi Arabia, the UAE, Iran, Argentina, Egypt, and Ethiopia to join as new members. BRICS Adding 6…
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BRICS Expansion Will Speed Up De-Dollarization, Chinese Expert Says

August 20, 2023

As more countries join the BRICS economic bloc, there will be a significant increase in settlements using national currencies, leading to an acceleration in the de-dollarization process, a Chinese expert says. “For most developing countries, development is a top priority. That is why the BRICS cooperation mechanism is attractive to these countries,” he added. BRICS…
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