Brics Russia And Iran Opt For Non U S Dollar Settlements In Bilateral Trade

Last updated: June 10, 2025, 00:37

Brics Russia And Iran Opt For Non U S Dollar Settlements In Bilateral Trade

While Western sanctions aimed to

BRICS: Russia and Iran Opt for Non-U.S. Dollar

While Western sanctions aimed to economically isolate Russia, the Kremlin has intensified efforts to persuade other nations to abandon the dollar in favor of local

BRICS made a deal to trade in their own currencies, cutting out the US dollar. Russia wants a multicurrency system to dodge sanctions and weaken dollar control.

As part of the BRICS

As part of the BRICS bloc, Iran and Russia are now making strides to reduce their reliance on the US dollar due to the heavy sanctions imposed by Western countries. In a

By 2025, around 20% of oil trade was conducted in non-dollar currencies, showing a tangible shift by BRICS countries towards reducing dollar reliance. At the recent

De-Dollarization: Russia, Iran Agree to Shun USD in

Iran and Russia have finalised

BRICS Power Play : Russia And Iran Lead The Charge Against The

Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday.

BRICS Countries officially abandon the US dollar for trade

Russia, Iran Officially Ditch U.S. Dollar for Trade

BRICS seals deal for international trade settlements in national

BRICS Clear: Paving the Way for a Dollar-Free Financial Future

Iran, Russia to trade in local currencies instead of US dollar - state

BRICS Nations Iran and Russia Lead the Charge in De-Dollarization