BRICS Countries: BRICS- is a group of several countries, which includes Brazil, Russia, India, China and South Africa. Recently Egypt, Ethiopia, United Arab Emirates, Indonesia, Iran also joined the BRICS group. It was formed as a group of rapidly growing economies in the world to promote trade and political cooperation among them. Now these countries are trying to reduce their dependence on the US dollar and for this, emphasis is being laid on rapidly increasing the gold reserve.

The situation is that today BRICS countries have about 20 percent of the world’s total gold reserves. At the same time, there are some countries which are not among the member countries of BRICS, but have strong relations with BRICS. Together they have 50 percent of the world’s total gold reserves.

BRICS countries are increasing their purchase of gold

Russia and China are at the forefront in purchasing gold. In 2024, China produced 380 tonnes of gold, while Russia produced 340 tonnes of gold. In this sequence, in September 2025, Brazil bought 16 tonnes of gold, which was its first gold purchase after 2021.

Talking on this, Anuj Gupta, Director of Ya Wealth, said, “BRICS member countries are producing more and more gold and selling less. At the same time, they are also buying gold from the international market. According to the current data, between 2020 and 2024, the central banks of BRICS countries bought more than 50 percent of the world’s gold. US President Donald Trump may not like to hear this information.

What is the dual strategy of BRICS?

Explaining BRICS’ dual strategy on gold, Sachin Jasuja, Equity Head and Founding Partner, Centricity Wealthtech, said, “The increasing control over gold reserves and gold purchases by BRICS countries is emerging as an important indicator of tension in the global financial system dominated by the US dollar. Although the US dollar remains the world’s main reserve currency, recent developments show that its unrivaled supremacy is being challenged gradually rather than suddenly.”

Today the economies of BRICS countries account for about 30 percent of global trade. In such a situation, their monetary decisions also impact the world. These countries have had only one objective for a long time – to reduce their dependence on the US dollar. Actually, BRICS countries want to end the dominance of dollar and want to make the new currency powerful in their sphere of influence. However, Trump has given a stern warning to the BRICS countries to find an alternative to the dollar.

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After the visit of Russian President Putin to India, a big question has started arising rapidly. Are BRICS countries going to launch their own separate Gold Backed Currency? The debate on social media became more heated when Rich Dad Poor Dad author and veteran investor Robert Kiyosaki claimed that the BRICS countries have announced a new gold-backed currency—“UNIT”—and now it is time to “Goodbye US Dollar.” But is this claim true? In this video we will understand the truth of this entire issue in detail. Contrary to Kiyosaki’s claim, no BRICS country has yet officially launched a gold-backed currency. Yes, there are political discussions going on among the BRICS countries about a gold-linked payment system, informally called “Unit”—the purpose of which is to facilitate trade outside the dollar-dominated global system. It is also worth noting that the US dollar itself was gold backed until 1971. Today, when many countries are rapidly increasing their gold purchases, it is natural for the demand and debate on gold backed currency to intensify again.

Trump Attack on BRICS: US President Donald Trump, who created a stir this year by imposing tariffs on countries around the world, is now worried about the American currency dollar. This supremo of the global superpower America feels that a big conspiracy is being hatched against the dollar, and he has held the BRICS countries responsible for this. Trump described BRICS as an “attack” on the US dollar and claimed that he threatened to impose tariffs on countries that wanted to join BRICS — after which they backed down.

Whose threat is to the dollar?

The BRICS group includes Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates (UAE). Trump says that this group is adopting an “anti-American policy”, so he has been warning of imposing additional tariffs on these countries. On the other hand, BRICS countries have expressed serious concern about the arbitrary tariffs being imposed by Trump, because it affects global trade.

In a bilateral meeting with Argentinian President Javier Milli, Trump said that he has a very tough stance on the dollar and, “Anyone who wants to transact in dollars will have an advantage over those who do not want to do so.”

Why is Donald Trump afraid?

Trump said, “I told all the countries that want to join BRICS… OK, but we will impose tariffs on your country. Everyone backed off. BRICS is an attack on the dollar.” He further said that if any country wants to join BRICS, “then I will impose tariffs on all your products coming to America.”

The BRICS countries said in a statement last month that such “indiscriminate increase” in tariffs could disrupt global trade and lead to trade-restrictive policies. The Trump administration has imposed high tariffs on many countries this year.

impact on india also

It is noteworthy that apart from the 25 percent base tariff, America has also imposed an additional 25 percent duty on products imported from India due to purchasing cheaper crude oil from Russia. In this way, a total of 50 percent US tariff is applicable on Indian exports, which is adversely affecting India-US trade.

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BRICS countries have expressed concern over the spread of trade-related actions such as ‘indiscriminate increase’, especially on measures used as ‘controlled’ means that such practices are at risk of ‘global South’ countries marginalized.

BRICS foreign/international relations ministers held their annual meeting on the sidelines of the 80th session of the United Nations General Assembly on Friday (September 27, 2025). This meeting was chaired by India as the future president of BRICS for 2026.

BRICS countries expressed concern over unilateral fees

In a joint statement issued after the meeting, the ministers expressed concern over the spread of ‘trade-related actions, whether it is indiscriminately in the form of fee and non-fee measures, or as protectionism. Measures used as especially a means of pressure (inserting), which further reduce global trade, obstructs global supply chains, and there is a risk of uncertainty in international economic and business activities, which can further increase existing economic inequalities and affect the chances of global economic growth.

BRICS countries such as Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates expressed ‘serious concern’ about the increase in unilateral fees and non-fee measures, which deform the business and not in line with the rules of the World Trade Organization. The joint statement said, ‘He warned of such practices that are in danger of the fragmentation of global trade and marginalizing’ Global South ‘.’

BRICS should protect multilateral trade system

‘Global South’ means countries often known as developing, less developed or underdeveloped and are mainly located in Africa, Asia and Latin America. Foreign Minister S.K. Jaishankar highlighted that trade flow is being affected due to increasing protectionism, duty volatility and non-fee obstacles, so the BRICS should protect the multilateral trade system.

He said that when there is pressure on multilateralism, BRICS stands firmly as a strong voice of logic and creative change. He said in a post on ‘X’, “In a turbulent world, BRICS should strengthen the message of peace establishment, dialogue, diplomacy and international law.”

Strong condemnation of Pahalgam attack in BRICS

He further stated that BRICS should further strengthen its collective call for comprehensive improvement in the major organs of the United Nations, especially the United Nations Security Council. The next stage of BRICS cooperation will be based on technology and innovation.

Jaishankar said that India’s chairmanship in BRICS will focus on sustainable development through food and energy security, climate change and digital changes, startups, innovation and strong development partnership. In a joint statement, the ministers strongly condemned the terrorist attack in Pahalgam, Jammu and Kashmir, in which 26 people were killed and many were injured.

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The Trade Advisor of the White House Peter Navarro described the BRICS countries as a vampire and said that this organization will not be able to last long because these countries hate each other. He said about the American tariff imposed on India that India will have to agree on business talks with America at some time, if it does not happen, it will be seen standing with Russia and China, which will not be good for him.

According to PTI reports, Peter Navarro said, “The real thing is that no country of this group can survive until it sells its goods to America and when it exports to America, they suck the blood of our veins like vampiers with their unfair trade policies.”

‘China is a nuclear bombing China’, Navaro said about India
Speaking at the ‘Real America Voice’ program on Monday (September 8, 2025), Peter Navaro said, ‘I do not understand how the BRICS alliance can remain united, because historically they have all hated each other and have been killing each other.’ Navaro lashed out at India and said, ‘He has been fighting a war with China for decades and I just remembered, yes, Pakistan had given the nuclear bomb to Pakistan. Now you have airplanes with Chinese flags in the Indian Ocean. Prime Minister Narendra Modi, see how you handle it.

What did Navar say on the statement that described India as the Maharaja of tariffs?
Navaro warned that India will have to agree on business talks with America at some time. If this does not happen, then India will be seen standing with Russia and China and it will not be good for India. He said, ‘The Government of India has been hurt by the fact that I called India the Maharaja of Tariff, but it is absolutely true. India only imposes the highest fee against America in any major country of the world. We have to deal with this.

The Navaro claimed that India had never bought oil from Russia before Russia invaded Ukraine and even in very small quantities. He said that after this, India took out the profit of profiteering, where Russian refiners are earning profit by coming to India’s land and American taxpayers have to send more money for this struggle.

Peter Navaro also said on the friendship of China and Russia
Peter Navaro also claimed that Russia has a complete alliance with China. He claimed that Beijing is eyeing the Russian port Vladivostok and is already establishing a colony on Siberia, which is the largest terrain in the Russian semi-state through large-scale illegal immigration. He said that best wishes to Putin for this that China is doing all this.

What did you say on the policies of the President of Brazil?
Regarding Brazil, Navaro said that the economy of the country is going into the trough due to the social policies of President Luiz Eneasio Lula Dicilva, while he kept the real leader of that country in jail. His gesture was to former Brazilian President Jair Bolsonaro, who is currently under house arrest and facing trial for conspiring to the coup after the 2022 presidential election.

The BRICS originally included Brazil, Russia, India, China and South Africa, but expanded it in 2024 and included Egypt, Ethiopia, Iran and the United Arab Emirates and Indonesia also joined it in 2025.

External Affairs Minister S Jaishankar said at the BRICS conference on Monday that economic policies should be fair and transparent in the global system. He stressed that these policies should be for the development and profit of all countries, so that equality will remain.

Fair and transparent economic policies are necessary
Jaishankar said in the virtual BRICS meeting that there should be fairness and transparency in the global trade system. He said that the purpose of economic behavior globally should be to ensure permanent and inclusive development for all, not only the benefit of some countries. At the summit organized by Brazilian President Lewis Eneasio Lula Da Silva, External Affairs Minister Jaishankar said that India believes that the method of international trade should be open, fair, clean and different discrimination. These rules should always be protected.

Follow collaborative and creative approach
He appealed to all countries to adopt a “creative and cooperative” approach. Jaishankar said that in the present time it is necessary to make global trade sustainable and durable so that the world’s economy can move forward stable. Jaishankar also said in his address that there will be no benefit from increasing obstacles in global trade and complex transactions. He urged BRICS countries to review the trade flow and present the example. He said that more obstacles will only harm business. He said, “Our aim should be more flexible, reliable, alternative and small supply peace so that any shock can be dealt with.”

Business deficit and solution needs
External Affairs Minister Jaishankar said that India’s largest trade deficit is with BRICS countries. He said that India is constantly trying for a time -bound solution. He hoped that in today’s meeting, important understanding will be made on this subject. He said, “The basis of the international trade system rests on openness, fairness, inclusion, equality and rule -based approaches, including special and discriminatory provisions for developing countries.”

US Commerce Minister Howard Lubricant On tariff Donald Trump Of stubborn stance Support While doing, India will have to apologize. He said that India’s Traders Has realized that they could not do anything without the US market. He gave a strict message and said that Bharat Will apologize and president Trump Will compromise with

‘India will come to the conversation table apologizing’

In an interview to Bloomberg, Howard Lutnik compared India to Canada. He said, “When Canada realized that his economy was sinking, he retreated from his stand on the trade deal. This is the reason that I think India will be on the conversation table in a month or two. He will apologize and try to deal with President Trump.” He said that it will be completely on President Donald Trump about how he wants to deal with PM Modi.

‘India should stop becoming part of BRICS’

He warned the BRICS countries, saying, “India will have to hold elections between supporting America or combining Russia and China. There are links between Russia and China in the BRICS. If you want to be the same then go. Let’s see how long it lasts.” Lutynik warns and said, “India stop buying Russian oil. Stop becoming a part of the BRICS. Support America and the dollar or else be ready to face 50 percent tariff.”

‘India and China will not be able to sell goods to each other’

He said that India and China will not be able to sell goods to each other, eventually they will have to come to America. Regarding the possibility of Indo-US trade talks, he said, “We are always ready for talks. Countries like India and China eventually depend on the American market. People have to remember that our 30 trillion dollar economy is the consumer of the world.”

American Marxist economist Richard Wolf said that America is trying to become the world’s strict country against India, but in reality this step is disastrous for itself. He said that according to the United Nations, India is now one of the largest countries in the world. America’s India to tell what it has to do, it is as if a rat punched the elephant.

US President Donald Trump has implemented 50% tariff on India. This fee is double the rates already existing. India buys oil from Russia. Because of this, the US has set up 25 per cent tariff separately, which the Washington Ukraine considers the strategy to stop war. However, India has criticized the move and called it a decision taken wrong and without thinking.

BRICS gets indirect advantage
Richard Wolf explained that India will change its strategy with this move of America. He said that if America closes its way for India, then India will find another place to sell its things. India can now shift the export of its equivalence to BRICS countries, such as Russia, China, Brazil, South Africa and recently joined new members (Egypt, Ethiopia, Indonesia, Iran, UAE). Meanwhile, BRICS aims to challenge Western financial dominance and find a dollar option.

G7 vs Bricks
Wolf said in podcast that the world production share of BRICS countries is 35 percent. On the other hand, G7’s stake has come down to 28 percent. According to him, Trump’s policy of tariff and pressure is helping BRICS to become stronger and integrated economic blocks.

Trying to dismiss BRICS
Trump has many times rejected BRICS as a small group. In February, he said that the BRICS is over. He also threatened that if the BRICS makes its currency, then the US would impose 100% tariff. Wolf said that India has an old and complex relationship with America since the Soviet period. He warned America believing that India is like another small country, but it is a completely different rival. This step can not only remove India from America, but can also create a new economic and political balance in Asia.

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Russia has made a big offer to India amid growing economic tension between India and America. During the press conference in Delhi on Wednesday, Russia’s Deputy Chief of Mission Roman Babushkin said that if Indian goods are having problems in the American market, Russia will welcome Indian exports.

What did Babushkin say on American pressure?
Babushkin said that American pressure on India, especially is completely inappropriate and unilateral about the purchase of crude oil from Russia. He said, ‘If Indian products are having problems in the American market, then the Russian market is open to them. In fact, these restrictions are falling on them which they impose them.

#Watch Delhi | On us sanctioning 50% tariff on India, Roman Babushkin, Chargé D’Affaires of the Russian Embassy in India, Says, Says, “..IF Indian Goods are Facing Dificultiies Entering The US MARKET, the Russian MARKET IS WLCET, the Russian MARKET IS Indian Exports … ” pic.twitter.com/djeudmsybj

– ANI (@ani) August 20, 2025

India-Russia is a big thing on energy partnership
Babushkin expressed confidence that India-Russia energy partnership will continue despite any external pressure. He said that Russia is the largest crude oil supplier in India and India’s needs are increasing every year. This is an example of mutual harmony between the two economies.

American tariffs and impact on India
The statement came at a time when the press secretary of the White House Caroline Lewit said that President Donald Trump has imposed an additional 25% tariff on India to prevent Russia from continuing the Ukraine war. This tariff will be applicable from August 27. Trump later doubled it to 50%. This can affect India’s textile, marine and leather exports. India described this move as ‘inappropriate, unjust and impractical’ and Prime Minister Narendra Modi clearly said that India will not bow under economic pressure.

What did Russia say while attacking Western countries?
Babushkin said that even if India turns mouth with Russian oil, it will not get equal support from the West because the trend of Western countries is “neo-colonial”. He said, ‘If the West criticizes you, then understand that you are on the right path. We know that India is going through difficult situations but this is the real strategic partnership.

He said that the recent conversation between President Putin and Prime Minister Modi is a proof that India is very important for Russia. Both countries will benefit from further depth of the partnership.

Russian official said- “Rubbands illegal and unsuccessful”
The Russian official said that non-UN restrictions and secondary services are illegal and their aim is to make the economy weapons only. He said, ‘BRICS country and Russia never impose such restrictions. Despite tremendous pressure on Russia, our economy is constantly increasing. This means that such a big and important economy cannot be excluded from the global system. The restrictions at the end harm those who impose them.

What is Russia’s opinion on America-India relationship?
Babushkin said that if America really considered India as its friend, it would not behave like this. He said that American steps are ‘weapons of unfair competition’, including double standard, pressure and blackmail.

America’s well-known economist Jeffrey Sachs has described the 50 percent tariff on India by US President Donald Trump as a stupid step. Jeffri said that this move of this US President has no purpose.

Talking to news agency ANI, Jeffrey Sachs described Trump as confusing and said that the US has used its dominant force for so long that they think that they can run their command on every part of the world. He said, “This tariff has no meaning. It is not true and it is failing. Putting additional tariffs on India was a stupid step in every way. Which has no purpose.”

He said, “Trump does not like the countries involved in the BRICS group at all, because all these countries stand in front of America and say that Washington does not run the world.”

India should never trust America- Jeffri

The American economist said, “Everything related to the tariff is completely wrong. It is also dangerous for the American economy. It violates international law. It is also harmful to our political system. Trump’s policies in America are fully cursed to fail.”

According to Jeffrey Sachs, India should never trust America and also should not believe that New Delhi can be included in the Global Value Chain by replacing China. He described China, Russia and Brazil as the real partner of India. He had already warned that India will not get any security benefits from standing with America.

This statement of the American economist came to light when US President Donald Trump has imposed a 50 percent tariff on India, the reason behind which was told to buy India’s Russia oil and gas.

American leaders do not care about India- Jeffri

Sachs said, “America politicians do not care about India. Understand this. India is not going to get any long-term security from standing against China in the quad with America. India is a superpower, which has its own independent identity in the world and the trump that is doing tariffs is absolutely unconstitutional.”

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