CHANGES TO THE

Last updated: June 17, 2025, 11:02  |  Written by: Barry Silbert

Changes To The
Changes To The

China

BRICS expansion could end US dollar dominance in oil

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

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

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

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

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Barry Silbert can be reached at [email protected].

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