Pepe Escobar: US-Russia – Why Resetting is So Hard to Do
Cooperation areas
Source: Sputnik News | Original Published At: 2026-01-29 18:00:00 UTC
Key Points
- The 2026 BRICS summit in India may finalize a unified payment system (BRICS Pay) to bypass US dollar, SWIFT, and Western sanctions.
- BRICS Pay integrates members' payment systems and digital currencies under BRICS+ framework, supervised by the BRICS Business Council.
- Implementation deadline accelerated from 2027 to 2026, with India's Reserve Bank actively supporting the initiative.
- The system could enable RIIC (Russia-India-Iran-China) economic coordination, challenging Western financial dominance.
- US administration is expected to respond negatively to BRICS' financial integration efforts.