Russian President Vladimir Putin delivered a strong message to BRICS nations and a pointed warning to the West during a virtual address at the 17th BRICS Summit. He urged member countries to increase the use of national currencies in mutual trade and proposed establishing an “independent BRICS settlement system” to bypass the US dollar. According to Putin, this system would make transactions “faster, more efficient, and safer,” marking a significant step in the global push toward de-dollarisation.
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