26 Mar, 16:33

Financial infrastructure important for BRICS trade, economies — Russian minister

According to Anton Siluanov, Russia considers various financial innovations on the BRICS floor, including the cross-border payment system that can be based on national currencies

MOSCOW, March 26. /TASS/. The buildup of the financial infrastructure is important for development of trade and economies of BRICS countries, Russian Finance Minister Anton Siluanov told reporters.

"We are considering our various financial innovations on the BRICS floor, including the cross-border payment system that can be based, further to bilateral settlements, on national currencies with consideration of digital technologies and digital financial assets," Siluanov said.

"The buildup of the financial infrastructure is very important for development of trade and economies of our countries," the minister added.

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BRICS Trade & Cooperation

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