BRICS Explores New Payments Platform to Challenge Dollar, Access for Non-BRICS Countries, Says Lavrov

Russian Foreign Minister Sergey Lavrov announced that BRICS countries are exploring the creation of a new payments platform aimed at facilitating transactions without reliance on the US dollar. This initiative comes as Russia's partners increasingly adopt national currencies for trade, with India and China reportedly making significant strides in this area. Additionally, a Russian firm has urged the Prime Minister to establish a framework for using cryptocurrency in international trade, highlighting the ongoing efforts to navigate US sanctions and enhance economic cooperation among non-BRICS countries. Lavrov emphasized that non-BRICS countries will also have access to this new payment platform.

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