RUSSIA CHALLENGES DOLLAR? Dmitriev CONFIRMS BRICS Pay Agreement To Launch At Summit Now!

By Times Now World

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Russian Direct Investment Fund chief executive Kirill Dmitriev announced that Moscow will confirm an agreement on BRICS Pay, a proposed payment system designed to connect BRICS member countries and facilitate cross-border transactions in local currencies, during the BRICS Summit taking place in New Delhi on September 12 and 13. Dmitriev, who leads the bloc's working group on financial issues, described the initiative as essentially a payment system for BRICS nations, stating that the broader goal extends beyond payments to include joint investment mechanisms and other financial cooperation projects, with the underlying objective being to demonstrate that BRICS represents not merely a geopolitically significant union but also a source of practical investment and financial solutions uniting member economies. The announcement comes as Russian President Vladimir Putin attends the summit in the Indian capital, with Moscow seeking to deepen payment connectivity among fellow BRICS economies a

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