Brics Pay: Russia pushes for sanctions-resistant payment system progress as India expresses skepticism

Source: Berliner Zeitung | Original Published At: 2026-02-11 10:31:36 UTC

Key Points

• Russia advocates for BRICS to develop 'sanctions-resistant' financial mechanisms to reduce dollar dependency
• Discussions include interoperable digital central bank currencies rather than a unified BRICS currency
• India expresses concerns about rapid expansion and potential Chinese dominance within BRICS
• Brics Sherpas meeting highlights divergent national priorities despite consensus on strengthening cooperation
• Proposed initiatives include grain exchange platform and new investment programs