The new payment system, which will be created by taking into account the use of digital financial assets of BRICS countries, will also include a system for transmitting financial messages. He said this in an interview with the newspaper. “News” Russian Finance Minister Anton Siluanov on the sidelines of the BRICS summit in Kazan.
According to him, on the one hand, the new payment system will replace banking institutions. This will be a new format system.
Siluanov said that existing financial messaging and settlement systems have become politicized, so the issue of independent settlement system policy at the BRICS summit is relevant.
The Head of the Ministry of Finance of the Russian Federation added that his colleagues in the BRICS countries and the central banks of these states are preparing a report on the relevant issue, which will be discussed by the leaders of the union countries.
The BRICS summit started in Kazan on October 22. The event will last until October 24. New BRICS countries will attend the meeting for the first time. At the same time, various world leaders, including Chinese President Xi Jinping, are expected to come to Russia to attend the meeting.
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BRICS is an international group of five countries: Brazil, Russia, India, China and the Republic of South Africa (RSA). In 2024, Egypt, Iran, UAE and Ethiopia join BRICS. Today, the association is evolving into a powerful platform for global cooperation, supporting a multipolar world order. More details material “Newspapers.Ru”.
Earlier, Russian President Vladimir Putin was at the BRICS summit. stated About the importance of payments in national currencies.
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Source: Gazeta
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