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Russia’s deputy prime minister has stated that the topic of a common BRICS currency may still be on the table at the economic bloc’s upcoming leaders’ summit. A total of BRICS leaders, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have publicly voiced their commitment to jointly introduce an alternative The leaders of the five-country grouping are meeting to plot BRICS' future course and how it could boost its global clout. Russia's President Vladimir Putin is the only one MOSCOW (Reuters) - Russia is seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western Russian Deputy Prime Minister Alexei Overchuk stated in an interview with Russian news outlet Tass on the sidelines of the second Russia-Africa summit this week that the issue of creating a The formation of a new BRICS currency will be discussed at the upcoming summit in August, says Russian Deputy Prime Minister Alexei Overchuk. The issue of the BRICS common currency was discussed by leaders of countries, Russian Presidential Aide Yury Ushakov told reporters, adding though that those

BRICS Currency: August Summit to Focus on Alternative Financial Systems, Says Russian Leader

The possibility of a common BRICS currency is gaining momentum, with discussion slated for the upcoming BRICS leaders' summit in August. This ambitious initiative, aimed at creating an alternative platform for international payments immune to Western influence, has been publicly supported by key figures. Russian Deputy Prime Minister Alexei Overchuk recently reiterated that the topic of a common BRICS currency may still be on the table.

BRICS Leaders Commit to Exploring Alternatives

Leaders of the BRICS nations, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have voiced their commitment to jointly introduce an alternative. This drive for a new financial system is a key component of BRICS' future course, as the leaders of the five-country grouping meet to plot how it could boost its global clout.

The Formation of a New BRICS Currency: A Central Topic

According to Russian Deputy Prime Minister Alexei Overchuk, the formation of a new BRICS currency will be a central topic of discussion at the summit. He highlighted this point in an interview with Russian news outlet Tass during the Russia-Africa summit this week. The urgency stems from Russia's seeking to convince BRICS countries to build an alternative platform for international payments that would be immune to Western sanctions and control.

Russia Pushes for BRICS Financial Independence

Russia's pursuit of a BRICS common currency is part of a broader strategy to establish financial independence from the West. Russian Presidential Aide Yury Ushakov confirmed that the issue of the BRICS common currency was discussed by leaders, adding that discussions are ongoing. The August summit is expected to provide further clarity on the feasibility and potential implementation of this groundbreaking initiative.

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