BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar

The BRICS nations are making swift progress in reducing the use of the U.S. dollar and building their own payment systems, rendering them less reliant on Western institutions and forging a new economic frontier.

At the same time, the White House imposed 25% tariffs on $50 billion of Chinese goods and 10% tariffs on a further $100 billion worth of goods. These measures sparked a surge in broader economic fragmentation as nations of the Global South and East are turning toward dedollarization.

The move comes in response to reports that U.S. President Donald Trump plans to impose tariffs on BRICS nations if they were to abandon the U.S. dollar.

“We can come back to the question about a common currency or a single payment unit for BRICS once the necessary financial and economic conditions are in place,” the official stated.

The BRICS nations, which also include China, India, and South Africa, are setting up a cross-border payment and settlement infrastructure to increase the use of their national currencies and create more autonomous systems that are less susceptible to external political pressures.

These developments are unfolding as part of a broader shift in the global economic landscape, according to Lavrov’s statements.