Economist: Putin to Present Plan to Destroy Dollar System at BRICS Summit
Russian President Vladimir Putin will present a plan to destroy the dollar system at the BRICS summit.
The British publication The Economist writes about this.
What is known about Putin's plan to destroy the dollar system
According to The Economist , the Russian president hopes to give the union some weight at the summit.
To this end, Putin, according to the publication, will come forward with an initiative to create a new global financial payment system.
To strike a blow to US dominance in global finance and protect Russia and its friends from sanctions, the publication says.
It is noted that the alternative BRICS payment system could provide faster and cheaper transactions.
Last week, the Russian president said at a meeting with journalists from the BRICS countries that the association's countries were working on their own analogue of SWIFT. Putin specified that the possibility of creating a single currency for the BRICS countries was not yet being considered.
