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Putin calls upon BRICS members to integrate payment systems

The move would make BRICS banking systems more resilient to external influence, Putin said

OSAKA, June 28. /TASS/. The integration of payment systems of the BRICS group of nations (Brazil, Russia, India, China and South Africa) will help to increase the security of financial transactions and contribute the transition to payments in national currencies, Russian President Vladimir Putin said at a meeting with his BRICS counterparts within the framework of the G20 summit in Osaka.

"Joint work to introduce the practice of using national currencies of our states in international payments looks promising. The integration of financial systems of the five nations and establishing an independent channel for exchange of messages between national banks could increase the security of financial operations," Putin said.

Putin said the issue was of extreme importance given the present-day situation, as it would make BRICS banking systems more resilient to external interference.

According to Putin, BRICS should play a more important role in the global financial system and to promote the reform of the International Monetary Fund.

Results of the Year with Vladimir Putin

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US oil reserves fell by 0.9 mln barrels over week — Energy Ministry

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NATO takes over coordination of military aid to Ukraine from US — report

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What is known about apprehension of perpetrator of terror attack on Russian general

The suspect admitted to being recruited by Ukrainian intelligence services

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Accident in Russia’s Murmansk Region leaves 1 person dead, 17 injured — official

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UN General Assembly adopts Russian-backed resolution on fight against neo-Nazism

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'Sanctions marathon' against Russia caused stagnation in EU economy — Kremlin spokesman

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Number of injured people in collision of trains near Murmansk rises to 31

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Massacre staged by retreating Ukrainian troops in Selidovo — report

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Erdogan calls for preventing Syria from turning into hotbed of terrorism

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Medvedev takes The Times to task over story saying Kirillov murder 'legitimate act'

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Russian nuclear defense chief's aide Ilya Polikarpov killed in Moscow explosion

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Russia’s IT industry will show an even higher growth rate in 2024 than in previous years

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Russia seeks to reduce nuclear risks — deputy foreign minister

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Over 40 people killed in Israeli air strikes on Gaza Strip over past day — TV

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Russia trusts Turkey committed to Syria’s sovereignty — MFA

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