The main task of BRICS in the financial sphere is not to create a single currency, but to shape a pragmatic and interoperable payment architecture that provides businesses with reliable, fast, and cost-effective cross-border settlements while preserving the monetary sovereignty of member states. Pragmatism Instead of Financial Confrontation The BRICS economic agenda should be approached […]

The strategic choice facing India, the UAE, Saudi Arabia, and other large developing economies does not just boil down to choosing between BRICS and the West. These countries continue to follow a multi-vector policy, aiming to simultaneously reap the benefits of cooperation with BRICS, the G7, the EU, and regional institutions. However, it is important […]