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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

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In What Is An Important

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

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 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 Settle 78% Oil Trade in Local Currencies, Ditch

BRICS is Shaping a Future Without the Dollar - brics