90% of Deals Paid in Local Currencies: Russia at BRICS 2025 Summit
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最新报道：Russia announced at the BRICS 2025 Summit that over 90% of its international trade deals are now settled in local currencies, moving away from the US dollar. The shift aims to reduce reliance on Western financial systems amid ongoing sanctions. Key BRICS members, including China and India, have increasingly adopted local currency settlements for bilateral trade. Russian officials emphasized the bloc's focus on de-dollarization and strengthening alternative payment mechanisms. The summit also discussed expanding the BRICS currency pool and enhancing economic cooperation among member nations to counterbalance Western financial dominance.
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