Putin calls for expanding local currency settlement and proposes to create a new BRICS investment platform "
According to online reports, according to CCTV News, Russian President Vladimir Putin attended the 17th BRICS Leaders 'Meeting via video on July 6 local time. In his speech, he proposed a number of initiatives, including building an independent settlement and custody system on the BRICS platform, and vigorously promoting the expansion of the scope of local currency settlement. Putin said that in the settlement between Russia and other BRICS countries in 2024, the ruble and the currencies of "friendly countries" have accounted for 90%; at the same time, he proposed to increase the scale of two-way investment among member states and proposed to create a new BRICS investment platform. In addition, Putin also proposed initiatives to establish carbon market partnerships, arbitration and investment centers, fair competition platforms and permanent tax secretariats within the framework of BRICS countries.
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