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Speculations and media reports are rife that a few BRICS members are considering leaving the alliance. Russian Foreign Ministry Spokeswoman Maria Zakharova addressed the media reports that members may leave the association due to threats from US President Donald Trump to impose further tariffs. Also Read: BRICS Hold 76 Million Metric Tons of Rare Earth Minerals, US Owns 1.9M BRICS Alliance: Are Member Nations Ready To Leave the Bloc? Source: Reuters Zakharova confirmed that Russia has not received any official information about BRICS members planning to leave the alliance. She stressed that even after the US imposed tariffs on all member nations, they still stand with the bloc and are not bowing down to the intimidation tactics of the White House. “The Russian side has not received any information about leaving BRICS or about the intention to leave its ranks from any member of the alliance, although US tariffs are already in effect for many of them,” said Zakharova. Also Re...

Latin American countries, commonly known as South America, would be ready to accept the BRICS cross-border payment initiative, says Russian Deputy Foreign Minister Sergey Ryabkov. Ryabkov revealed that the work on the cross-border payment initiative is being advanced. The formation of the payment system was discussed during the BRICS summit in July, and South America could adopt the services, he said at the “Interest in BRICS is expanding in the (South America) region,” Ryabkov added. He stressed that the cross-border payment initiative could be ready by 2030. The move could ruffle a lot of feathers in the financial market and challenge the West. “Work is underway in all BRICS dimensions under Brazil’s chairmanship. The agreement on the BRICS economic partnership strategy through 2030 is being finalized. The cross-border payment initiative is being advanced,” he said, signalling that countries in South America would come under the services. Ryabkov spoke about ...