BRICS Forum discusses independent financing instruments for global transformation

29.05.24 - “The BRICS countries will soon create an alternative settlement system to SWIFT.” - Andrey Margolin, Vice-Rector of the Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA), speaking at the BRICS International Financial and Economic Forum.
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"I have no doubt that an alternative payment system will emerge within the BRICS. We are not yet ready to talk about a common currency, perhaps in the distant future," he said. "But an alternative payment system to SWIFT that is attractive to the most diverse countries in the world is on the way. And we must work together on this.
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BRICS is the alliance that can take responsibility for stopping almost all consequences of the global crisis.
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The BRICS International Financial and Economic Forum will be held on May 27-28. Representatives from more than 10 countries will discuss the creation of independent financial instruments in the context of mergers and business development in the context of global transformation.