BRICS is an acronym standing for five important emerging economies: Brazil, Russia, India, China and South Africa. The first four countries grouped together in 2001; South Africa joined BRICS in 2010, adding a letter “S.”
The political chaos in Brazil is a result of collusion between local elites and the US, which doesn't want a strong new independent player in Latin America and beyond, former Brazilian president Luiz Inacio Lula da Silva told RT.
Russia has invited its partners among the BRICS nations (Brazil, India, China and South Africa) to establish a foothold in the promising Syrian market, according to the Russian Ambassador to the country, Alexander Kinshchak.
More than half of Russian citizens approve of a separate internet for the BRICS economic bloc, saying that the idea could boost the security of users’ personal data and help counter hostile propaganda.
An initiative to create a joint digital currency for BRICS countries and the Eurasian Economic Union (EEU) has been proposed by the Central Bank of Russia, according to its First Deputy Governor Olga Skorobogatova.
Brazil, Russia, India, China and South Africa (BRICS) are discussing the possibility of establishing a separate gold trading system, according to the First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov.