BRICS’ own payment system is feasible, Russian Deputy Foreign Minister believes
HomeTOP STORYAROUND THE GLOBE

BRICS’ own payment system is feasible, Russian Deputy Foreign Minister believes


MOSCOW:  Creating BRICS own system of payments and settlements is not hypothetical, but real, Russian Deputy Foreign Minister and BRICS Sher...

North Korea test-fires newest intermediate-range hypersonic ballistic missile on January 6
Yemeni Houthis claim strike at US aircraft carrier in Red Sea
President Putin congratulates Russians with Orthodox Christmas holiday


MOSCOW:  Creating BRICS own system of payments and settlements is not hypothetical, but real, Russian Deputy Foreign Minister and BRICS Sherpa Sergey Ryabkov said in an interview with the TASS Analytical Center, summing up the results of Russia's chairmanship in the association.

"Not only it exists. It is not hypothetical," he said, commenting on feasibility of such a prospect.

When asked if Russia would join in if, for example, Brazil and Iran were ready to move from words to deeds in terms of creating a payment and settlement system, Ryabkov said: "Of course. Moreover, the others would join as well. This plan is now on the table and that will be implemented is not a pattern for dollar substitution in all settlements. It is a pattern for creating an additional circuit for work in conditions when the main and well known to all dollar channel is failing for reasons beyond the control of BRICS."

"I would like to add: the financial pattern as such - for all its importance - is not enough for the system to function properly. We also need clearing mechanisms - we are also working on them - transaction insurance systems, including insurance for the movement of goods and cargoes, which would also not depend on harmful external influences," the Deputy Foreign Minister noted.

According to the deputy minister, "all together this is the minimum that could allow the 'BRICS' to say that things have moved forward and a real alternative has emerged."


-News Feed

*

Name

AROUND THE GLOBE,5939,business,74,BY READERS,479,FEATURE,289,GLOBE,16,KERALA,13,Movie,327,s,1,SPECIAL STORY,394,TAMILNADU,4,TOP STORY,6658,TRAVEL,8,
ltr
item
Local Glob: BRICS’ own payment system is feasible, Russian Deputy Foreign Minister believes
BRICS’ own payment system is feasible, Russian Deputy Foreign Minister believes
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3q_zVQpIqF6gbXRGMzzsGZ290xFGZ2L6OwznNXvSa_jwNFO7Y2vqbk9S2vsYDpC7SYMtBzOde5FQp3y8Uhkc9yaYczv_71sFfNgRLui88i2glVV1kRQCD520xgT2CF9DuHQhCc1X1NQDWZFMLAm40tCkz2uGT7gU-D_LdeLfbO_fmnHrM90luUjzugmrf/s320/brics.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3q_zVQpIqF6gbXRGMzzsGZ290xFGZ2L6OwznNXvSa_jwNFO7Y2vqbk9S2vsYDpC7SYMtBzOde5FQp3y8Uhkc9yaYczv_71sFfNgRLui88i2glVV1kRQCD520xgT2CF9DuHQhCc1X1NQDWZFMLAm40tCkz2uGT7gU-D_LdeLfbO_fmnHrM90luUjzugmrf/s72-c/brics.jpg
Local Glob
https://www.localglob.com/2024/12/brics-own-payment-system-is-feasible.html
https://www.localglob.com/
http://www.localglob.com/
http://www.localglob.com/2024/12/brics-own-payment-system-is-feasible.html
true
8255692317570297677
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy