BRICS developing own payment framework – Putin ...News

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It will allow member states to effectively and independently service trade with each other, the Russian president has said The BRICS member nations are jointly developing a payment and settlement framework to be used for trading within the bloc, Russian President Vladimir Putin has said. During his speech at the Russian Energy Week forum in Moscow on Thursday, Putin stressed that supplies of Russian oil and gas to ‘friendly’ countries allow them to ensure economic stability and compete more successfully in the global market. However, the president acknowledged that “certain difficulties” remain when it comes to fo

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