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As geopolitical tensions reshape global balances, the BRICS are accelerating the establishment of their own payment network. Driven by Russia, this In 2025, the central banks of the member states will also focus on transition finance and financial technology development. The results of the meeting will guide the future work of the member Ryabkov made a major announcement that the idea of a BRICS currency to challenge the US dollar has not been shelved. However, he explained that the alliance is 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 is now a 10-member group and further expansion will make it receive a big financial boost. Trade between the new BRICS countries could be reshaped and Among its important tasks for 2025, the Bank of Russia mentioned the smooth integration of central banks of new BRICS members into the work of the financial track and Now, amid BRICS de-dollarization plans, Russia has made a major financial announcement regarding its finance strategy. The country states that it intends to double its

BRICS Russia Makes Major Financial Announcement: De-dollarization and New Payment Systems

Amid BRICS de-dollarization plans, Russia has made a major financial announcement regarding its finance strategy. The country states that it intends to double its efforts in reshaping the BRICS financial landscape. This move comes as geopolitical tensions reshape global balances, pushing the BRICS nations to accelerate the establishment of their own payment network. Driven by Russia, this initiative seeks to strengthen BRICS’s financial independence.

BRICS Payment Network and De-dollarization Efforts

Russia is spearheading BRICS’s push for a cross-border payment system using national currencies and digital assets. Ryabkov made a major announcement that the idea of a BRICS currency to challenge the US dollar has not been shelved. However, he explained that the alliance is focusing on practical steps to reduce reliance on the dollar.

BRICS 2025: Focus on Finance and Technology

In 2025, the central banks of the member states will also focus on transition finance and financial technology development. The results of the meeting will guide the future work of the member states. Among its important tasks for 2025, the Bank of Russia mentioned the smooth integration of central banks of new BRICS members into the work of the financial track.

Expansion and Financial Boost

BRICS is now a 10-member group and further expansion will make it receive a big financial boost. Trade between the new BRICS countries could be reshaped and streamlined through the new financial strategies being developed.

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