World - Page 6

Iranian President Masoud Pezeshkian has called on BRICS member states to accelerate the use of national currencies in international trade, arguing that greater financial diversification would help protect member economies from sanctions, political pressure and disruptions to global trade. Speaking at the

Russian President Vladimir Putin has highlighted the growing economic weight of the BRICS grouping, saying its members now account for more than 40 percent of the global economy, compared with roughly 29 percent for the Group of Seven (G7). The figures have

Russia has offered India its latest Izdeliye 177S fighter engine as part of a proposed multibillion-dollar modernization of the Indian Air Force’s Su-30MKI fleet, adding a major propulsion upgrade to a broader package of Russian defence proposals currently under discussion between the

Russian Foreign Minister Sergey Lavrov says 97% of Russia’s trade with countries and blocs including BRICS, the Shanghai Cooperation Organisation (SCO) and the Eurasian Economic Union is now conducted using national currencies. Speaking about efforts to reduce dependence on the U.S. dollar,

Russian Economic Development Minister Maksim Reshetnikov says Russia has fundamentally restructured its international trade, with the U.S. dollar and euro now accounting for only a small share of settlements for the country’s exports. Speaking at the opening session of the BRICS Business