Vladimir Putin Outlines BRICS Dollar Strategy as Trump’s Policies Challenge De-Dollarization

Dedollarization by BRICS nations is facing serious headwinds as the newly elected US president, Donald Trump emphasizes the importance of maintaining the U.S. dollar’s international standing. For over a decade, BRICS policymakers have focused on reducing dollar dependence, but most cross-border transactions and other emerging markets are still invoiced in dollars. The BRICS alliance (Brazil, [...]