ST. PETERSBURG: The power of BRICS in world is growing against the backdrop of the weakening of the US and dollar hegemony, Bolivian President Luis Arce said in an interview with Sputnik.“We believe that the US hegemony that we may have had before has gradually diminished over all these years until it has given more weight to the BRICS countries, especially China, Russia and India. And these are very large markets,“ Arce said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).One of the challenges in building a multipolar world is the use of national currencies, the use of a different type of mechanisms, payments other than the hegemony of the dollar or euro, the pre
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