Putin on BRICS finance Investment and payments

Oct 1

B. K. Sharma asks whether BRICS will become a ritual of leaders’ meetings or receive a practical impetus despite different member systems. Putin describes its origins and growing global weight, praises equality among members and notes that BRICS lacks the binding decisions of the UN Security Council. He discusses joint business and cultural projects, a proposed investment platform that could also serve developing countries outside BRICS and payment systems insulated from external interference. He favors gradual practical work. The exchange describes initiatives and proposals, not an established new platform, approved funding package or binding agreement.

Putin describes equality and growing global weight in BRICS, joint business and cultural projects, a proposed investment platform that could also work outside the member states and payment systems protected from external interference. He notes the absence of binding BRICS decisions and advocates gradual practical development. The statement describes proposals and ongoing work, not an established new platform or approved funding package.