Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Syrian sources: The Israeli occupation has begun withdrawing from the areas it infiltrated last night in the Quneitra countryside.
Al Mayadeen's correspondent: Massive bombings in eastern Gaza, the second within half an hour, and its sound was heard from central area.
Russian air defense units destroyed a drone that was heading toward Moscow.
Maduro: Tomorrow, a business meeting will be held bringing together hundreds of entrepreneurs from advanced Russian industries with hundreds of Venezuelan businesspeople.
Maduro: In the face of threats, Trinidad and Tobago agreed to suspend all effects of the energy agreement and everything that had been agreed upon in that regard.
Maduro: It’s time to make a choice, either stand with the warmongers who want death and violence, or stand with life.
Maduro: They want our wealth. This is not about drug trafficking, and they know it.
Maduro: Everyone in the world knows that what the economic elite ruling the United States seeks today is Venezuela’s oil, gas, and gold.
Maduro: The Prime Minister of Trinidad and Tobago is complicit and promoting war due to her personal, physical, mental, and moral weaknesses.
President Nicolás Maduro: A series of arrests have been carried out against what could be a group of mercenaries trained and funded by the CIA.

BRICS committed to ending US dollar dominance, Brazil's Lula says

  • By Al Mayadeen English
  • Source: Agencies
  • 27 Feb 2025 20:46
2 Min Read

Brazilian President Luiz Inácio Lula da Silva says the BRICS alliance is committed to putting an end to the dominance of the US dollar over international trade.

Listen
  • x
  • Brazilian President Luiz Inacio Lula da Silva speaks during the opening session of the First Sherpa Meeting in preparation for the July BRICS meeting in Brazil, at Itamaraty Palace, in Brasilia, Brazil, Wednesday, Feb. 26, 2025 (AP)
    Brazilian President Luiz Inacio Lula da Silva speaks during the opening session of the First Sherpa Meeting in preparation for the July BRICS meeting in Brazil, at Itamaraty Palace, in Brasilia, Brazil, Wednesday, Feb. 26, 2025 (AP)

Brazilian President Luiz Inácio Lula da Silva reaffirmed on Thursday that the BRICS group remains committed to ending the dominance of the US dollar in global trade, stating that this goal will be pursued “no matter the cost.”

Speaking before top negotiators from BRICS member states in Brasilia on Wednesday, Lula emphasized the need for alternative payment platforms among member countries. He dismissed threats from former US President Donald Trump, who had warned of imposing tariffs, saying they would not deter the bloc from seeking financial independence.

Lula also highlighted the necessity of improving the international monetary and financial system, stressing that “the current escalation of protectionism in trade and investment reinforces the importance of measures aimed at overcoming barriers to our economic integration.”

BRICS, which includes Brazil, Russia, India, China, and South Africa, has been working toward reducing reliance on the US dollar in global transactions, exploring local currency trade and alternative financial mechanisms to enhance economic cooperation among its members.

Related News

Trump, Takaichi sign rare earths deal to strengthen US-Japan alliance

Former US officials urge dropping charges against former FBI director

Trump threatens BRICS tariffs

Trump in late January made threats to impose 100% tariffs on BRICS nations if they created a rival to the US dollar.

He posted on his Truth Social platform; "The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER."

"We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs," he continued.

Trump's comments came just days before a February 1 deadline he set early in his presidency, warning he would impose 25% tariffs on Canada and Mexico unless they took action to curb illegal migration across the US border and the flow of deadly fentanyl.

He also threatened China, a member of the BRICS bloc, with an additional 10% levy on goods starting February 1, citing a trade imbalance and its alleged involvement in the US fentanyl supply.

  • Brazil
  • BRICS
  • Lula da Silva
  • US dollar
  • Donald Trump
  • United States

Most Read

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Delta Air Lines flight lands at Harry Reid International Airport, Wednesday, April 9, 2025, in Las Vegas (AP)
Politics

Nearly 3,800 US flights disrupted amid ongoing government shutdown

FILE - The Amazon logo is pictured at the Amazon Robotic Sorting Fulfillment Center in Madison County, Miss., Aug. 11, 2022. (AP Photo/Rogelio V. Solis, File)
Economy

Amazon to cut 30,000 jobs in largest layoff in company history

Eurofighter Typhoon Spain's Air Force fighter jets fly above the military parade marking 'Día de la Hispanidad', or Hispanic Day, in Madrid, Spain, Sunday, Oct. 12, 2025. (AP)
Politics

UK sells 20 Eurofighter jets to Türkiye in £8bn defense agreement

Smoke billows after drone strikes by the paramilitary Rapid Support Forces (RSF) targeted the northern port in the Red Sea city of Port Sudan, Sudan, May 6, 2025 (AP)
Politics

RSF tightens El Fasher siege as Sudan risks fragmentation: Reuters

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS