INCREASE IN TRANSACTIONS

The United Arab Emirates

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

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

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

Despite Looking To Cut Ties

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.

Larger BRICS to dominate oil pricing?

Petrodollar to Petro-Yuan? Exploring the future of oil

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

BRICS challenges US ‘dollar dominance’, Saudi

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

BRICS: Why Do Asian Countries Buy Oil With the U.S. Dollar?