Russian President Vladimir Putin has signed into law a bill that will grant legal tender to a “digital ruble” amid severe Western sanctions and...

South Africa’s foreign minister says a group of economically-aligned nations known as BRICS will examine whether a new global currency would effectively allow them...

Platforms authorized by the Russian government issued digital assets worth around a billion rubles in April, the local press reported. The spike in...

Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the...

A total of 24 nations are now looking to build a strategic alliance that will challenge the US dollar’s decades-long role as the world’s...

Bank of Russia is building a system of gateways with foreign payment networks and is now working with Turkey in this field. Russia’s...

U.S. Treasury Secretary Janet Yellen talked about the dangers that sanctions based on the U.S. dollar might pose for the hegemony of the...

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise...

On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in...

The world's economic powerhouses appear to be distancing themselves from US dollar hegemony as they look to create a new world order. The BRICS...

SNEAK PEEK Economic powerhouses are increasing efforts to avoid US dollar hegemony. A top Russian official has shared that the BRICS alliance is in...

BRICS alliance plans own currency Focus on digital payments and gold Aims to benefit emerging economies The balance of global economic power may...