* Saudi Arabia advanced with the trading of oil with Russia in their local currencies.
* The move comes in a bid to defeat the dollar dominance in foreign markets that is used as a medium of exchange.
* The BRICS have also inducted the New Development Bank totally eliminating their money from the dollar transaction line.
The world's fastest growing economic and military allinace has been reported to have secretly kick started dedollarisation with trade and shipments of oil reported to have moved from Russia across to Saudi Arabia but with no dollar prints being located anywhere in the transfer. It now becomes more vivid and eminent that the BRICS have set off with process of limiting the use of the dollar in global finance and trade. Consisting Brazil,Russia, India, China and South Africa, the alliance poses a big threat and challenge to the dollar market should the total plan be activated due to the dominance of the member states in a certain production area and the addition of exceptionally productive members to the union with worries that global trade may take divert to a more centrally contaged area after statistics indicated that a quarter of the global population lies within the scope of the eco-military alliance as it carries Asia most populated China and India, the two nations totalling upto 2.6 billion of the 8.8 billion people in the world.
The alliance is bagged with various economic advantages which the west could find hard to counter with in a event to contain the expansion of the alliance. Brazil one of the founder members is the biggest and world's leading producer of bananas which accounts for upto 24% of the most globally consumed foods mainly in Africa and South America. Russia also in the other hand is the world's leading producer of natural gas which it mainly supplies ti Europe after the construction of the Nord Stream pipelines through the black sea off the coast of Germany and then into Europe and it acts as the only source of reuseable energy after a decline in the use of coal for fuelling. India, the world's fastest growing economy is well versed with providing a large market force which is favourable for containing and sustaining more marketable resources as evidenced with New Delhi which has been a major stake holder in marketing Russian oil to the world and thus upheld the profits made by Gazprom which is responsible for the supply of Russian mineral resources.
China on the other hand is the world's second largest economy with the U.S dollar keeping the United States at the top because 96% of the global financial transactions take place in the U.S dollar so any threat to the dollar makes China the world's leading economy. With the Beijing capital home to the largest 1.6 billion people and accounting for 35% of the total global GDP, China would obviously pose the biggest economic advantage to the BRICS and there is adding unto the Zulu land, South Africa, also Africa's biggest economy and third most populated in Africa can unbearingly have the biggest economic advantage which is also a threat to the European union as analysed because the biggest production activities and most vital mineral resources can be enough to shut the U.S dollar which will in turn reduce the inflow of the U.S currency into other countries thus sabotaging U.S economic dominance which in turn can cripple it militarily.
