Round-up 20 July 2025

In this week’s round-up:

  • Indonesia not taking anti-West stance after joining BRICS: Deputy FM
  • ‘Little group called BRICS’ wants to take over dollar dominance, claims Trump
  • How BRICS is uniting diverse nations for a better future
  • Does the BRICS currency threaten the dollar?

 

Bessent No-Show, BRICS Tensions Set to Cast Shadow over Durban G20 Meeting

Several key officials, including U.S. Treasury Secretary Scott Bessent, skipped February’s Cape Town gathering of finance ministers and central banks in the grouping, already raising questions about its ability to tackle pressing global challenges.

 

Indonesia Not Taking Anti-West Stance After Joining BRICS: Deputy FM

Deputy Foreign Minister Arif Havas Oegroseno emphasized that Indonesia is not taking an anti-West stance after joining BRICS. He underlined that Indonesia has gained positive benefits by joining BRICS, especially regarding fair and sustainable vegetable oil standards.

 

‘Little Group Called BRICS’ Wants to Take Over Dollar Dominance, Claims Trump

“…You have this little group called BRICS. It’s fading out fast, but BRICS is; they wanted to try and take over the dollar, the dominance of the dollar, and the standard of the dollar,” Trump told reporters at the White House on Friday.

 

More Than Economics: How BRICS is Uniting Diverse Nations for a Better Future

One week after the 17th Summit, Xinhua reporter Huang Aiping was in Rio, where more than 250 delegates from 36 countries explored how media, think tanks, and governments can unite for a shared digital future.

 

Does the BRICS Currency Threaten the Dollar?

Economists and political analysts suggest that one of the main reasons for Trump’s economic rhetoric is the United States’ concern that BRICS countries are initiating a strategic plan to undermine the dollar, a process some observers refer to as “de-dollarisation”.

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