Russia Revives Call for BRICS ‘Payment Infrastructure’ to Undermine U.S. Dollar
Countries
Cooperation areas
Source: Breitbart News Network | Original Published At: 2026-02-10 12:14:54 UTC
Key Points
- Russia advocates for BRICS cross-border payment infrastructure to reduce dollar dependence
- BRICS members show mixed support for common currency, with India prioritizing diplomatic balance
- Current focus shifts to interoperable central bank digital currencies rather than a unified BRICS currency
- New Delhi hosts BRICS Sherpas meeting as India holds 2026 rotating chairmanship
- Six 2023 members (Egypt, Iran, Saudi Arabia, UAE, Ethiopia, Argentina) expand bloc's financial coordination challenges