Head of the Ministry of Finance of the Russian Federation Anton Siluanov said that Russia, as the head of BRICS (Brazil, Russia, India, China, South Africa), will encourage and work with BRICS member countries. The creation of a unit of account to solve the convertibility problem of money. This was reported by TASS.
“One of the issues that the Ministry of Finance will explain and discuss with our colleagues is the creation of calculations and unit of account that will allow us to solve the problems of transformation and reconciliation,” Siluanov said.
According to him, this is necessary to avoid problems in the commercial operations of the BRICS countries.
Before that, the Russian Ministry of Foreign Affairs reportedIt was stated that increasing payments in national currencies will be a priority of Russia’s BRICS presidency. It was noted that an important area of work of the Russian presidency will be the implementation of the BRICS economic partnership strategy until 2025, as well as the action plan for innovative cooperation for 2021-2024.
Previously in Laos stated About their desire to join BRICS.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.