Non-BRICS member states will be able to get access to alternative payment platforms being developed in the association. This was stated by Russian Foreign Minister Sergey Lavrov at a press conference following the meeting of the Council of Foreign Ministers of the Commonwealth of Independent States (CIS). “There are a number of other initiatives that… Continue reading Russian Foreign Minister Sergey Lavrov: countries outside BRICS to have access to group’s payment platforms
Tag: Single BRICS Payment System
How BRICS Strengthens Regional Digital Trade
The BRICS nations are constructing a fresh model for cross-border e-commerce. Through initiatives like the BRICS Pay System and a proposed independent financial infrastructure, BRICS is moving beyond merely participating in the global economy. BRICS Pay: secure, cost-effective solution for global digital tradeThe 14th BRICS Trade Ministers Meeting in July 2024 affirmed this direction, recognising… Continue reading How BRICS Strengthens Regional Digital Trade
Oleg Preksin, Member Of BRICS Business Council: Creation Of New International Payment System Is Among The Priorities Of Association
Oleg Preksin is Deputy Chairman of the Board of the Russian Financial and Banking Union, Vice-President of the Council of the Association of Banks of Russia, and a member of the Financial Sector Working Group of the BRICS Business Council. He graduated from the Moscow Finance Institute, worked in banking, analytical and administrative spheres in… Continue reading Oleg Preksin, Member Of BRICS Business Council: Creation Of New International Payment System Is Among The Priorities Of Association
Investment Opportunities Of The BRICS Countries
The BRICS group was established in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2011. On 1 January 2024, Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia joined the group. In the same year, Russia hosted the Kazan Summit, where these countries participated as full members for the first time. One… Continue reading Investment Opportunities Of The BRICS Countries
Creating Single BRICS Payment System On 2024 Summit Agenda, Says Ramaphosa
South African President Cyril Ramaphosa has said that creating a single payment system using the national currencies of the BRICS countries will be on the agenda of the 2024 summit in Kazan, Russia. The head of state remarked while addressing the National Council of Provinces (upper house of parliament) on October `13. “The BRICS group… Continue reading Creating Single BRICS Payment System On 2024 Summit Agenda, Says Ramaphosa