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Last updated: June 17, 2025, 17:10  |  Written by: Elizabeth Rossiello

You Will Learn
You Will Learn

China

BRICS: UAE Ditches U.S. Dollar for Oil Trade - infobrics.org

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

The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic

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Larger BRICS to dominate oil pricing?

BRICS challenges US ‘dollar dominance’, Saudi

Despite Looking To Cut Ties

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Petrodollar to Petro-Yuan? Exploring the future of oil

Despite looking to cut ties with the U.S. dollar, BRICS and other Asian countries don’t pay local currencies for oil and gas transactions.

Explainer: What is a BRICS currency and is the U.S.

Elizabeth Rossiello can be reached at [email protected].

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