Putin Confirms BRICS Are Working On Independent Payment System

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Posted in: Arcadia Economics, News, Patriots
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Summary

➡ We’re creating a payment system that’s not influenced by politics, misuse, or outside interference. This year, countries like Saudi Arabia, Iran, UAE, Egypt, and Ethiopia joined BRICS, increasing its influence.

Transcript

We are working on shaping an independent payment system free from political pressure, abuse, and external-sanctional interference. In this regard, I’d like to remind you that this year, BRICS was joined by new participants, that is Saudi Arabia, Iran, United Arab Emirates, Egypt and Ethiopia. With this, the share of our association in global GDP has reached 36%, and the population of the planet, up to, has reached 45%. And BRICS has tremendous potential for joining of new participants, and such strive of stakeholders from different continents can only be welcomed by us, and we’ll support it. [tr:trw].

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BRICS expansion in 2021 creating a politics-free payment system Egypt's contribution to BRICS Ethiopia's participation in BRICS increasing influence of BRICS countries Iran's influence in BRICS preventing misuse in payment systems safeguarding payment systems from outside interference Saudi Arabia joins BRICS UAE's role in BRICS

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