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the U.S dollar is facing a backlash the Forefront of this is brics thats Brazil Russia India China and South Africa now Russia thinks that brics should do more so it has floated the idea of a common currency Reports say theyre working on a proposal which is likely to be taken up in August thats when the brics summit will be held in South Africa how will this happen some of this is already happening like the settlement of trade in National currencies India has an agreement with Russia its called the rupee Ruble trade mechanism but Russia has more expectations from India it is banking on India for more support and Russia has similar hopes from China and its not going to be easy will China that wants the Yuan to replace the US dollar agree to a brics currency and would India want economic integration with China especially given the challenges at the border these conflicting priorities are the biggest roadblocks before the bricks today