Russia Aims For BRICS Declaration With 90% Trade in Local Currencies
Russia hopes for a consensus declaration at the upcoming BRICS summit, with member nations agreeing to settle nearly 90% of trade in local currencies. “Use of national currencies is not a de-dollarisation policy. We’re simply doing what is better for national interests,” said Kremlin spokesperson Dmitry Peskov, speaking to Indian journalists. He also stressed that the summit must focus on deepening cooperation across politics, finances, and new technologies. “If they don’t let us use their money, we use our own money,” he said while lashing out at the US sanctions on Russia. He cautioned that BRICS must not fall under political pressure and keep local currencies above all at the upcoming summit. The group must show what a fair, multipolar world should look like, he said. Peskov also addressed the growing disagreements between member nations Iran and the UAE. “Understandably, there are contradictions in their (Iran and UAE) positions,” P...
