Increasing payments in national currencies makes it possible to increase the financial independence of the BRICS countries, minimize geopolitical risks, and free economic development from politics. Russian President Vladimir Putin expressed this opinion at a meeting with the head of the New Development Bank, Dilma Rousseff.
“Increasing settlements in local currencies makes it possible to reduce debt servicing payments, increase the financial independence of the BRICS member countries, and, of course, reduce geopolitical risks as much as possible, and, as far as possible in today’s world, free economic development from politics,” the Russian leader said. At the same time, Putin noted that since 2018, the New Development Bank has financed 100 projects totaling $33 billion. “We very much count on, as the country chairing the BRICS this year, your active participation in the meeting of leaders at the BRICS summit in Kazan.” , - added the President of the Russian Federation, recalling that Rousseff is scheduled to meet with the leaders of the countries included in the association and report on the bank’s activities. Putin also noted that the last time he met with his interlocutor was quite recently, in June of this year in St. Petersburg on the sidelines of the St. Petersburg International Economic Forum and discussed with her issues related to the further work of the bank. “We highly appreciate what you have done in recent years. In general, this is a good, developing, promising financial institution,” Putin assessed.
