BRICS summit to focus on local currency trade
Weeks before top BRICS leaders converge in Rio de Janeiro for summit talks, envoys of leading member nations of the grouping hinted that it could focus on greater use of national currencies for trade in the face of uncertainties over Trump administration’s aggressive policy on tariff. Russian Ambassador Denis Alipov reaffirmed Moscow’s strong support for trade in local currency among BRICS member nations and described the grouping as ‘a serious platform for discussing joint soluti’ons to big challenges’. The summit is unlikely to make any significant progress on the proposed...