Russian Diplomat Says BRICS Has No Alternative to Financial Sovereignty
Deputy Foreign Minister Sergey Ryabkov says bloc members should move from discussions to practical implementation of independent financial mechanisms.
Russian Deputy Foreign Minister Sergey Ryabkov said BRICS countries have no alternative to pursuing financial sovereignty, according to a report by TASS.
Ryabkov said it is in the interests of BRICS nations, as well as other countries that support sovereignty and independence, to shift from discussions and pilot projects toward practical implementation in this area.
The Russian official did not elaborate further on specific projects or timelines in the excerpt cited by TASS.
BRICS, which includes Brazil, Russia, India, China and South Africa among its founding members, has in recent years discussed reducing reliance on Western-dominated financial systems, though details of any concrete mechanisms were not specified in the report.
Sources
- BRICS has no alternative to financial sovereignty — Russian MFA — TASS (Russia)
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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