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BRICS initiatives not intended to spite US, independent mechanisms needed — Lavrov

The Russian foreign minister noted a number of initiatives were adopted for implementation, "including alternative payment platforms, mechanisms for settlements in national currencies"

MOSCOW, February 9. /TASS/. BRICS initiatives, including those on payments and investments, are not being put forward to spite the US, but to create mechanisms independent of Washington's tight control, Russian Foreign Minister Sergey Lavrov in an interview with the international network TV BRICS.

During Russia’s BRICS chairmanship in 2024, at the Kazan summit, a number of Russian initiatives were adopted for implementation, "including alternative payment platforms, mechanisms for settlements in national currencies, reinsurance facilities for intra-BRICS trade and with BRICS partners, the establishment of a grain exchange, and a new investment platform," he noted.

"These initiatives are not intended as a provocation against anyone, primarily the United States, but rather arise from the fact that the United States places strict control over all processes in these areas and demands unilateral concessions," Lavrov said.

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Foreign policy Sergey Lavrov United States BRICS

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