Does This BRICS Agreement Signal the Death of the Petrodollar?

The BRICS Coup Against the Petrodollar For decades, the petrodollar system has ensured American economic dominance. By forcing oil transactions to be settled in U.S. dollars, Washington has maintained a financial stranglehold over global trade. But that control is slipping. In 2025, the BRICS alliance—Brazil, Russia, India, China, South Africa, and their growing list of allies—has doubled down on their mission to end dollar dependency. Their latest trade agreements are not just about economic cooperation; they are a declaration of financial war on the United States. Russia and China, emboldened by years of sanctions, have aggressively moved oil trade into yuan and rubles. Saudi Arabia and the UAE, once pillars of the petrodollar system, are now selling oil in multiple…