The Russian Foreign Ministry said on Tuesday that it still hopes to create a “cross-border payment infrastructure” for the BRICS economic bloc — a system that would allow BRICS to undermine the American dollar as the favored medium of international trade.
According to the ministry statement, Russian Deputy Foreign Minister Sergey Ryabkov stressed the new initiative, along with “the New Investment Program and the BRICS Grain Exchange” during a meeting of BRICS member nations in India.
The Russians said all participants in the meeting “voiced support of further strengthening interaction in the BRICS format on international platforms” during a…
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