Brazil’s efforts to modernize BRICS trade; "Nizhny Novgorod" to host Russia’s largest digital economy conference

Pars Today - Brazil is pushing for blockchain-based financial integration to modernize BRICS trade.

As the 2025 chair of the BRICS group, Brazil is leading discussions on modernizing international financial transactions to enhance trade efficiency among emerging economies.

According to Pars Today, citing the BRICS international television network "TV BRICS," Brazil is advocating for the adoption of blockchain technology to optimize contracts and payments within the BRICS group. 

Two other news:

Nizhny Novgorod to host Russia’s largest digital economy conference

From June 3 to 6, 2025, the city of "Nizhny Novgorod" will host the tenth anniversary conference "Digitalization of Russia" (CIPR). Over the years, this event has become the most significant business gathering in Russia focused on digital technologies and the economy. 

Benefits of Indonesia joining BRICS

Duane Dizon, a strategic and crisis communications expert from the International Digital Economies Association (iDEA), wrote in an exclusive article about Indonesia’s membership in BRICS: Joining BRICS provides Indonesia with a more diverse range of loan resources.

The article emphasizes that BRICS membership will also help Indonesia expand trade, create opportunities to boost exports, and attract foreign direct investment (FDI).

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