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Putin acknowledged that payment delays with key partners such as China and Turkey, caused by pressure from Western regulators, have become obstacles for Russian Russian President Vladimir Putin stated that Western-dominated technologies are becoming obsolete, but the BRICS are ushering in a new era that will replace the traditional financial Russian President Vladimir Putin has said the multi-nation BRICS group should explore a SWIFT-like cross-border payments system immune to Western sanctions as Explore how BRICS nations are backing Russia's initiative to create an alternative global payment system, challenging Western financial dominance. Learn about Putin highlighted the vulnerability of major US financial institutions and predicted a revolution that would undermine the monopoly of large Western banks. BRICS is A slew of newly-emerged technologies are being assimilated by BRICS, potentially jeopardizing the future of the US dollar. Putin emphasized that, based on expert Putin emphasised that certain Western counterparts sought to inflict harm on Russian citizens by prohibiting Russian access to SWIFT payment systema, intending to

Putin: BRICS to End Western Banking Dominance

Russian President Vladimir Putin has declared that the BRICS nations are ushering in a new era that will replace the traditional financial system dominated by the West. His statements highlight a growing challenge to the established global order, particularly in banking and payments.

BRICS Challenging Western Financial Supremacy

Explore how BRICS nations are backing Russia's initiative to create an alternative global payment system, challenging Western financial dominance. Putin highlighted the vulnerability of major US financial institutions and predicted a revolution that would undermine the monopoly of large Western banks. BRICS is actively working towards this goal.

Developing a SWIFT Alternative: BRICS Response to Sanctions

Russian President Vladimir Putin has said the multi-nation BRICS group should explore a SWIFT-like cross-border payments system immune to Western sanctions. Putin emphasised that certain Western counterparts sought to inflict harm on Russian citizens by prohibiting Russian access to SWIFT payment systems, intending to isolate the country financially.

Payment Delays and the Quest for Independence

Putin acknowledged that payment delays with key partners such as China and Turkey, caused by pressure from Western regulators, have become obstacles for Russian trade. This situation underscores the urgency for BRICS to develop an independent and reliable financial infrastructure.

Emerging Technologies and the Future of the US Dollar

A slew of newly-emerged technologies are being assimilated by BRICS, potentially jeopardizing the future of the US dollar. Putin emphasised that, based on expert analysis, Western-dominated technologies are becoming obsolete. This technological shift further strengthens the BRICS' position to create a viable alternative to the Western-centric financial system.