BRICS+ Coalition's Rio Reset Plan

The BRICS+ coalition is planning a financial system independent of the U.S. dollar, known as the Rio Reset, which could challenge U.S. financial dominance. The system aims to reduce global demand for U.S. dollars and protect against devaluation. Americans are advised to diversify their savings, including purchasing gold, to prepare for potential impacts on their retirement savings.

BRICS Response to Trump's Tariff Threats

China and Russia, as part of the BRICS economic bloc, reject Donald Trump's tariff threats and push for the use of national currencies in trade. Trump warned against creating a new currency to replace the U.S. dollar, but BRICS countries are not actively planning to do so. South Africa clarifies that BRICS discussions focus on trading in national currencies, not creating a new currency.

Venezuela's Interest in Joining BRICS

Russian Foreign Minister Sergey Lavrov welcomed Venezuela's interest in joining the BRICS anti-Western bloc, expressing support for the socialist Maduro regime's efforts to attain membership.

BRICS Meeting on De-Dollarization and Trade Expansion

Foreign ministers of BRICS and other interested countries met in Russia to discuss expanding trade without the use of the U.S. dollar, focusing on 'de-dollarization.' BRICS aims to create a new currency to protect members from sanctions and human rights requirements. The meeting had a combative tone against Western nations, with an emphasis on distancing from the U.S. dollar.

Russian Economy and International Relations

Russian President Vladimir Putin discusses the shift in Russia's trade turnover towards the ruble and away from 'non-friendly' Western currencies at the St. Petersburg International Economic Forum (SPIEF). Putin plans to boost settlements in BRICS countries' currencies and overhaul Russia's financial market. Despite Western sanctions in response to Russia's invasion of Ukraine, Russia's economy is expected to outgrow advanced economies.

Venezuela's Maduro Claims Election Win Will Lead to U.S. Lifting Sanctions and BRICS Membership

Venezuelan dictator Nicolás Maduro claims upcoming sham election will lead to U.S. lifting sanctions and possible entry into BRICS bloc. Russia supports Venezuela joining BRICS due to its large oil reserves. Maduro suppresses legitimate opposition candidates.

South Africa's Diplomatic Relations with Russia, China, and the U.S.

South Africa's alignment with Russia and China has raised concerns about its diplomatic relations with the U.S. due to accusations of falling for Russian propaganda and supporting oppressive regimes like Iran, sparking legislative action and criticism from opposition parties.