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30 de sept. de 2025 Putin confirms BRICS is building an independent payment system, potentially backed by gold, aimed at reducing reliance on the US dollar and reshaping global Hace 2 días The BRICS New Development Bank serves as Russia’s primary vehicle for advancing de-dollarization initiatives across member nations. This Shanghai-based institution Russia is spearheading BRICS’s push for a cross-border payment system using national currencies and digital assets. The initiative aims to strengthen BRICS’s financial BRICS member Russia confirmed on Sunday that Kremlin is working towards building a new payment system without incorporating the U.S. dollar. Russia aims to BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, not US dollar. Russia's finance ministry and central bank report details plan to transform Russian Foreign Minister Sergey Lavrov confirmed that the BRICS organization is actively working on the formation of a new payment system. The new

BRICS Russia Confirms Building New Payment System Without U.S. Dollar

Russia has confirmed it's spearheading the effort within the BRICS nations to build a new payment system independent of the U.S. dollar. This initiative aims to reduce reliance on the USD and reshape the global financial landscape.

The BRICS Cross-Border Payment Initiative (BCBPI)

Russia's finance ministry and central bank are reportedly working on a detailed plan to transform the system. The BRICS Cross-Border Payment Initiative (BCBPI) will prioritize the use of national currencies, moving away from the US dollar. This move is intended to strengthen BRICS's financial independence.

Putin Confirms Independent Payment System

As early as 30 de sept. de 2025, Putin confirmed that BRICS is actively developing an independent payment system. There is speculation that this system could be potentially backed by gold. This system directly aims at reducing reliance on the US dollar and fundamentally reshaping global finance.

Russia's De-Dollarization Efforts

Hace 2 días, it was reported that The BRICS New Development Bank, based in Shanghai, serves as Russia’s primary vehicle for advancing de-dollarization initiatives across all BRICS member nations.

The Goal: A Payment System Without the Dollar

BRICS member Russia confirmed on Sunday that Kremlin is working towards building a new payment system without incorporating the U.S. dollar. Russia aims to implement this new financial framework to facilitate trade and investment among BRICS countries more efficiently.

Lavrov Confirms Active Development

Russian Foreign Minister Sergey Lavrov confirmed that the BRICS organization is actively working on the formation of a new payment system. The new system promises to offer a robust alternative to existing international payment mechanisms.