Putin spoke about the preparation of an independent payment circuit with BRICS countries

Russia is currently working with the BRICS countries to organize its independent payment circuit, which will service all foreign trade. This was stated by Russian President Vladimir Putin, the Kremlin website reports.

The head of state took part in the plenary session of the international forum “Russian Energy Week”. During the meeting, the president noted that the Russian Federation is gradually overcoming difficulties with payments for exports. At the same time, according to Putin, many of the country’s foreign partners are interested in introducing trade in national currencies.

“A separate issue concerns the financial infrastructure, namely payments for Russian exports. There are certainly some difficulties here. To solve this problem, we are switching to transactions in national currencies,” the Russian leader said.

Also during the plenary session, Putin stated that global economic growth in the current century will be concentrated in the BRICS countries and those states that want to join the association.

Earlier, the Russian Ministry of Energy stated the need for a unified energy strategy for BRICS.