The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Economic growth in BRICS countries will be jeopardized if the recession caused by the COVID-19 pandemic continues over a long period, Leslie Maasdorp, the vice president and chief financial officer of the New Development Bank (NDB), told Sputnik
After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time