Russia Dominates BRICS 2025 Summit with 90% of Deals Settled in Local Currencies

BRICS nations just flipped the script on dollar dominance—and Russia's leading the charge.

The de-dollarization hammer drops

Nine out of ten cross-border deals at the 2025 summit bypassed USD entirely, with Moscow pushing ruble-based settlements harder than a bull market. The move signals the bloc's most aggressive play yet to sideline Western financial systems.

Geopolitical meets crypto-ready

While central bankers applaud the local-currency pivot, traders whisper about blockchain bridges being built behind the scenes. After all, nothing screws with SWIFT quite like distributed ledgers—unless you count good old-fashioned geopolitical spite.

*Bonus jab:* Somewhere in Manhattan, a forex desk just had to recalculate its BRICS risk exposure... during lunch hour. The horror.

Local Currencies Rule the Roost at BRICS 2025 Summit

Putin revealed that BRICS is discussing at thesummit to make payments in local currencies smoother and faster. It includes logistics, insurance, and other financial services to upgrade their payment processing infrastructure among member nations. The ultimate goal is to remain competitive with the West and build an independent system from the US-dominated financial sector.

he noted at the BRICS 2025 summit.

Russia has been the flag-bearer in convincing the alliance to switch to local currency payments. Even China is actively pursuing global de-dollarization by persuading other countries to ditch the US dollar for trade and transactions. It has spread its wings in Asia, Africa, and South America. Local currencies are dominating the dialogue at the ongoing BRICS summit while the US dollar is pushed to the backseat.