BRICS Fuels a New Order: Russia & China Oil Sales Surge 26% Without US Dollar
In what is an important development for the BRICS bloc, Russia and China’s oil sales are up 26%, all without the use of US dollars. Indeed, the oil trade between China, the world’s largest energy importer, and Russia, the leading energy exporter, are mobilizing within BRICS to advance “yuan oil futures”, thereby challenging the dominance of the petrodollar. This shift signals a growing trend towards de-dollarization within the BRICS economic alliance.
De-Dollarization Gaining Momentum: Russia-China Oil Trade
The surge in oil sales between Russia and China, bypassing the US dollar, highlights a significant move towards economic independence within the BRICS nations. This arrangement not only strengthens the economic ties between Russia and China but also signifies a strategic effort to reduce reliance on the American currency in international trade.
The Future of the BRICS Currency
Rumors are swirling regarding a new BRICS currency, reportedly backed by a basket of gold, commodities, and perhaps even 20 de sept. de 2025. This potential currency aims to provide an alternative to the US dollar and further solidify the economic power of the BRICS nations. While details are still emerging, the ambition is clear: to create a more balanced and multipolar global financial system.
Millions of Barrels Flowing East: Russia's Oil Exports to China
Russia will supply millions of barrels of oil to China. Payment will be settled entirely in the new BRICS currency. This landmark agreement underscores the deepening cooperation between the two nations and their commitment to fostering a new economic order. The increase in oil exports is poised to further fuel China's economic growth while providing Russia with a stable and reliable market for its energy resources.
Implications for the Global Economy
The increasing oil sales between Russia and China, conducted outside the US dollar, have far-reaching implications for the global economy. This trend could accelerate the decline of the petrodollar and encourage other nations to explore alternative currencies for international trade. As the BRICS alliance continues to grow and strengthen, its influence on the global financial landscape is only set to increase.