Putin Declares Western Financial System Obsolete as BRICS Expands
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最新报道：Russian President Vladimir Putin declared the Western financial system "obsolete" during the BRICS summit, citing its declining global influence. He emphasized that BRICS nations are developing alternative financial mechanisms to reduce dollar dependence, including expanding local currency settlements and payment systems. The bloc's expansion to include new members like Saudi Arabia and UAE strengthens its economic weight, now representing over 30% of global GDP. Putin highlighted Russia's successful transition to national currencies in trade with BRICS partners, which now accounts for 85% of transactions. The comments come as BRICS countries increasingly challenge Western financial dominance through de-dollarization efforts.
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