The work on creation of the BRICS single payment system is underway, though it will not be public, the Russian Foreign Ministry’s ambassador-at-large and Russia’s sous-sherpa, or under-sherpa, in charge of preparing for BRICS meetings Pavel Knyazev told TASS.
“This is a very serious and comprehensive issue, with the discussion of this subject being held through finance ministries and central banks. The issue is not simple, of course,” he said, adding that “many BRICS member states favor this,” and that “the trend of de-dollarization in payments is expanding.”
“Naturally, this is challenging work that probably brooks no fuss and excessive publicity,” he said.