Russian State Duma Deputy Chairman: BRICS SWIFT Counterpart Needed for Creating a New Economic Reality

Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the request to make a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the existent banking infrastructure. Babakov emphasized that this caller strategy would assistance to trim the dependence connected Western institutions and simplify settlements extracurricular the dollar-dominated system. BRICS SWIFT Equivalent […]