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 <p>BRICS is sharpening the axe to end the traditional financial world order that is dominated by the US and other Western allies. Developing countries are looking to create their own financial institutions by cutting ties with the US dollar. The traditional world order is being challenged by BRICS who want to dominate the global financial sector by putting an end to American supremacy.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: Russian Oil Exports to India Rise 2,200%, Saves Them $7 Billion</strong></p>
 <p>Russia’s President Vladimir Putin criticized the US and the West on Friday for demanding a “<strong>rules-based world order”</strong>. Putin slammed the West and warned that their domination would not last long. He stressed that the 16th <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> summit in 2024 in the Kazan region of Russia will bring positive changes to the alliance.</p>
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 <h2 class="wp-block-heading" id="h-brics-a-fair-world-order-is-coming-to-end-us-dollar-supremacy-says-putin">BRICS: A ‘Fair World Order’ is Coming To End US Dollar Supremacy, Says Putin</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp" alt="brics countries flags us dollar currency" class="wp-image-117983" srcset="https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 1024w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 300w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 768w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 1536w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 380w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 550w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 800w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 1160w, https://cdn.thebittimes.com/images/2023/12/17/f67157d54d65cd1d56623df76914a361.webp 1620w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>In a criticism of the US, Putin warned that <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is working towards the formation of a <strong>“fair world order”</strong>. He explained that <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is moving <strong>“in the right direction”</strong> and will put an end to the American hegemony. The Russian president stressed that <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is committed to creating a new <strong>“fair world order.”</strong></p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: US &amp; China Rivalry Risks Cold War II, Warns IMF</strong></p>
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 <p><strong>“As for the ‘rules-based world order,’ there are no such rules. In reality, they change every day depending on the current political agenda and the transitory interests of those talking about it,”</strong> Putin said to Tass.</p>
 <p>He explained that the 16th <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> summit in 2024 will demonstrate the power of the alliance. We will <strong>“demonstrate that there are enough forces in this world, powerful countries who want to live not by those unwritten rules, but rather by the rules enshrined in fundamental, cornerstone documents, which include the United Nations.”</strong></p>
 <p><strong>Also Read: BRICS: India Likely Dumped US Dollars To Limit the Rupee’s Loss</strong></p>
 <p>The 16th BRICS summit will be held in Russia next year in October 2024. The alliance is also looking to create a new BRICS currency to take on the US dollar in global trade. Read here to know how many sectors in the US will be affected if BRICS stops using the dollar.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>US DOLLAR</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-working-on-a-fair-world-order-to-end-us-dollar-dominance-tbt73964.html">https://thebittimes.com/brics-working-on-a-fair-world-order-to-end-us-dollar-dominance-tbt73964.html</a></p>

BRICS Working on a ‘Fair World Order’ to End US Dollar Dominance

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