Official announcements from BRICS member states or verified news sources

Putin: BRICS Developing Independent Payment System, Cornerstone of Multilateral World Order

Jun 14, 2024, 09:31 AM

Russian President Vladimir Putin has announced that BRICS is developing an independent payment system free from political pressure. He emphasized that BRICS is open to new members and highlighted the growing interest of other countries in joining the association. Putin stated that Russia will facilitate the smooth integration of new participants into BRICS and that the organization will eventually become one of the world's core regulatory institutions. He also noted that BRICS promotes dialogue based on trust, sovereign equality, and mutual respect among its participants. Within the framework of Russia's chairmanship, Putin assured that new BRICS participants will join in an organic way. Additionally, Russian Foreign Minister Sergey Lavrov mentioned that a transfer of resources is happening to the Global South and East, and dialogue is expected to expand before the 2024 Kazan Summit. Putin also described BRICS as a cornerstone of the multilateral world order.