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Last updated: June 16, 2025, 12:03  |  Written by: Raoul Pal

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

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

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

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

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

BRICS Countries officially abandon the US dollar for trade

Iran And Russia Have Finalised

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 seals deal for international trade settlements in national

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.

As Part Of The Brics

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

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

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

Brics Made A Deal To

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

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.

Raoul Pal can be reached at [email protected].

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