Resilience and sovereignty: Lula da Silva summarised a successful year for Brazil and BRICS

Brazilian President Luiz Inácio Lula da Silva has highlighted the successes of 2025, noting the year’s positive results for the country. He emphasised the resilience of the Brazilian economy, which has demonstrated its capacity to adapt to external pressures.

Alongside domestic stability, Brazil is actively consolidating its role within the #BRICS framework. Particular focus has been placed on the group’s financial autonomy. Brazilian Ambassador to Moscow Sérgio Rodrigues dos Santos stressed that creating a common payment system, while challenging, is entirely feasible. Key steps will include integrating the national payment infrastructures of member countries and actively expanding the use of local currencies in mutual transactions.

Practical examples of the effectiveness of this strategy already exist: over 90% of trade between Russia, China, and India is now settled in national currencies. The key goal for #BRICS at this stage is to extend this model across all its members, thereby building a stable, multilateral financial system. This is seen as a direct path to reducing global reliance on the US dollar and strengthening the economic sovereignty of the group as a whole.

#NEWS #Brazil #finance

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