BRICS Nations Hold $60 Trillion in Financial Assets, Highlighting Growing Economic Influence

BRICS member states now control over $60 trillion in financial assets, accounting for more than half of global holdings. Russian Finance Minister Anton Siluanov revealed the figures during a New Development Bank meeting in Rio de Janeiro, underscoring the bloc's rising economic clout.

The grouping—originally Brazil, Russia, India, and China, later joined by South Africa and five additional nations—represents nearly 70% of the world's population and 60% of global GDP. Siluanov emphasized the Shanghai-based New Development Bank's critical role in financing infrastructure projects through loans and guarantees.

Moscow signaled particular interest in digital investment channels, though the statement stopped short of specifying blockchain or cryptocurrency mechanisms. The announcement comes as emerging markets increasingly explore alternatives to traditional financial systems dominated by Western institutions.