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BRICS Must Advance Development of Resilient Transnational Payment Systems: Lavrov

© Sputnik / Sergey Guneev / Go to the mediabankForeign Minister Sergey Lavrov at the conference "Historical Southern Russian Lands. National Identity and Self-Determination of Peoples" in Moscow.
Foreign Minister Sergey Lavrov at the conference Historical Southern Russian Lands. National Identity and Self-Determination of Peoples in Moscow. - Sputnik India, 1920, 15.05.2026
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BRICS should continue the formation of mechanisms of transnational payments sustained to external risks, Russian Foreign Minister Sergey Lavrov said on Friday.
"In this context, it is important to continue developing cross-border settlement mechanisms that are resistant to external risks, primarily in national currencies, as well as infrastructure for increasing mutual trade," Lavrov said at the BRICS Foreign Ministers' Meeting.
Russia also proposes to create a new investment platform for the BRICS countries as a promising tool, the minister said.
Russian Foreign Minister Sergey Lavrov - Sputnik India, 1920, 15.05.2026
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