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Last updated: June 18, 2025, 15:07  |  Written by: Sam Bankman-Fried

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BRICS: Russia and China Oil Sales Up 26% Without US Dollar

BRICS is Shaping a Future Without the Dollar - brics

BRICS Settle 78% Oil Trade in Local Currencies, Ditch

China

China, the world’s largest energy importer, and Russia, the leading energy exporter, are mobilizing within BRICS to advance “yuan oil futures”, thereby challenging the

BRICS: 2 Countries Settle Oil Trade in New Currency

In what is an important development for the BRICS bloc, Russia and China’s oil sales are up 26%, all without the use of US dollars. Indeed, the oil trade between

Russia Will Supply Millions Of

De-dollarisation on full throttle: BRICS members China

BRICS expansion could end US dollar dominance in oil

Russia will supply millions of barrels of oil to China. Payment will be settled entirely in the new BRICS currency, reportedly backed by a basket of gold, commodities, and

Can the BRICS Challenge the Dollar Hegemony?: The Rise and Fall

China and Russia’s New Oil Trade Deal: A Big Win for the BRICS

Sam Bankman-Fried can be reached at [email protected].

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BRICS: Russia and China Oil Sales Up 26% Without US Dollar De-dollarisation on full throttle: BRICS members China BRICS Settle 78% Oil Trade in Local Currencies, Ditch BRICS expansion could end US dollar dominance in oil BRICS is Shaping a Future Without the Dollar - brics BRICS: 2 Countries Settle Oil Trade in New Currency Can the BRICS Challenge the Dollar Hegemony?: The Rise and Fall China and Russia’s New Oil Trade Deal: A Big Win for the BRICS

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