BRICS countries have already developed proposals on alternative payment mechanisms. This was stated in an interview by the head of the Russian Foreign Ministry, Sergei Lavrov. TV BRICS.
The Minister emphasized that this issue was discussed by finance ministers and central bank governors within the framework of the union’s summit in Kazan and during the year.
Lavrov added that the developed recommendations are not yet final, but they already provide an opportunity to start creating reliable and long-term systems.
The Russian Foreign Minister expressed the hope that Brazil will continue this work as the next BRICS chairman.
October 27, Russian Finance Minister Anton Siluanov statedthat it is vital to establish a BRICS payment system in the foreseeable future.
On October 22, Russian President Vladimir Putin said that increasing payments in national currencies would help increase the financial independence of BRICS countries. will help To reduce geopolitical risks as much as possible and to free economic development from politics.
Former Central Bank President in the name BRICS’ priority.
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Source: Gazeta
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