Vladimir Putin on BRICS Currency and De-dollarisation: No Need for Haste

Source: India Today | Original Published At: 2025-12-04 16:51:18 UTC

Key Points

• Putin advocates slow, careful development of BRICS currency initiatives to avoid economic risks, citing Eurozone imbalances as cautionary example.
• Highlights trade imbalance between India and Russia due to disproportionate rupee inflows from oil sales versus limited spending capacity in India.
• Confirms no political barriers to rupee-rouble trade, emphasizing economic factors and plans for Russian importers to identify Indian products for increased purchases.
• Notes India's request for increased Russian fertilizer exports to support Indian agriculture.
• Stresses correcting trade imbalances through expanded business opportunities rather than trade restrictions.