Lavrov: BRICS countries have developed recommendations for alternative payment mechanisms to the dollar

Russian Foreign Minister Sergey Lavrov announced that the BRICS countries have already developed recommendations on alternative payment mechanisms to the dollar.
Lavrov said in an interview with the BRICS International Television Network today: “The dollar is increasingly being used as an aggressive weapon in the global economy, so it is necessary to insure against this and create a parallel settlement system that will not be exposed to such risks, No one is safe from this arbitrariness, given the desperate position of the United States in today’s world. They feel that their hegemony is slipping away and the United States wants to use everything, including prohibited methods, to maintain it.”
Lavrov noted that the payment system was on the agenda of the BRICS summit in Kazan, which was held recently and in the meetings held throughout the year between finance ministers and central bank heads. Recommendations have already been developed but are not final, and it has already become possible to start creating reliable, sustainable and long-term systems, expressing his confidence that Brazil will continue working in this direction during its presidency of BRICS.
Russian Finance Minister Anton Siluanov had previously indicated that when the current and familiar payment system fails, creating an alternative for BRICS countries is a vital necessity. The new payment system will be developed taking into account the use of digital financial assets, and includes the financial messaging system.
Inas Abdulkareem
You might also like
Latest news
Syria calls on UN member states to take firm measures and stop Israeli attacks Israeli aggression targets civilian sites south of Damascus Russian Trade Representation in Syria holds a sports marathon to celebrate National Unity Day in Rus... Settlers burn Palestinian lands and homes east of Ramallah Lebanese resistance targets Meron base, settlements and gatherings of the Israeli enemy 43,374 martyrs since the beginning of the Israeli war of extermination on the Gaza Strip Three martyrs in Israeli air raids on southern Lebanon Syrian film (Salma) at Cairo International Film Festival Recreational activities and psychological support in Homs for children arriving from Lebanon Pezeshkian: Iran is facing an economic war to weaken it Palestinian Foreign Ministry: The occupation crimes in the West Bank are part of the war of extermin... The Syria Trust for Development in cooperation with the Finnish Relief Organization: In the Aleppo c... A Palestinian man was shot by the occupation forces near Bethlehem Syrian Postal Corporation issues a commemorative stamp on the occasion of “National Environment Day” The beginning of the winter vegetable season  in Sweida with a plan of 2890 dunums Palestinian Presidency: The world must take concrete steps on the ground against Israel With the participation of 20 Artisans, the Autumn 2024 Exhibition kicks off at Baniyas Culture Cente... Minister of Endowments discusses with Vice President of the Russian Pyatigorsk State University the ... Martyrs and wounded as a result of the occupation's bombing of Al-Nuseirat camp Lebanese National  resistance targets 4 settlements and an Israeli air base