Brics

Iran President Masoud Pezeshkian urged PM Modi for an immediate end to US-Israeli ‘aggression’ and called on BRICS to help stop attacks on Iran. PM Modi condemned the attacks in the Middle East and emphasised the importance of secure shipping routes amid Strait of Hormuz disruptions.

China has expressed support for a successful BRICS Summit and Chairmanship by India and conveyed that it “understands and respects India's aspirations for UNSC membership”, the MEA said. Here's why this is significant.

Russian Foreign Minister Sergey Lavrov said Moscow will back India’s BRICS chairmanship, calling its agenda modern and focused on counter-terrorism, energy, food security and ICT. He highlighted BRICS policy continuity, saying emerging economies are gaining influence.

Jaishankar launched the logo and the website at a time when India seeks to strengthen its outreach and collaboration among the BRICS members as it gears up to lead the forum in 2026.

The introduction of the digital yuan incentive by China may strengthen the BRICS' de-dollarisation strategy, potentially establishing it as a primary currency for transactions.

Kiyosaki warns that the dollar can lose its dominant reserve currency status, unleashing severe consequences for US savers. He compares the potential outcome to past episodes in which former reserve currencies, such as the British pound.

Excessive money printing by Western economies to stabilise growth cycles has diluted purchasing power and raised concerns around currency debasement.

BRICS nations are shifting away from reliance on the US dollar to gold, now holding approximately 50% of global gold production

Robert Kiyosaki has renewed his warning on the US dollar, urging investors to shift toward gold, silver and cryptocurrencies as BRICS currency rumours resurface. He claims a “gold-backed” BRICS unit could accelerate dollar decline and trigger hyperinflation.

Russian President Vladimir Putin will visit India from 4 December for annual summit talks with Prime Minister Narendra Modi, focusing on strengthening the India-Russia strategic partnership.