BRICS - Page 3

China Claims Russia Increasingly Interested in Trade in Yuan

Russian companies have increasingly turned to China and India to sell products originally intended for U.S.-allied markets in recent months due to Western sanctions against Moscow, China’s state-run Global Times reported on Tuesday, noting that these alternative transactions are often settled in local currencies.

100 Chinese Yuan. close up

Xi Jinping Seeks to Rebuild, and Dominate, Frayed BRICS Coalition

Chinese dictator Xi Jinping gave a lengthy teleconferenced address to the BRICS group of emerging economies on Tuesday, making a bid to restore and dominate what Chinese state media described as a tottering coalition riven by unreasonable animosity toward China from two of the other members, India and Brazil.

DUSSELDORF, GERMANY - MARCH 29: Chinese President Xi Jinping speaks at a reception in his

China and Russia Scramble to Deal with North Korea

China’s state-run Xinhua news service reports that Chinese President Xi Jinping and Russian President Vladimir Putin met at the BRICS economic summit on Sunday and “agreed to appropriately deal with the latest nuclear test conducted by the Democratic People’s Republic of Korea.” For the moment, the nature of that appropriate response can only be left to the imagination.

The BRICS -- Brazil, Russia, India, China and South Africa -- gathered in the southeastern