The Russian leader met with the former president of Brazil and president of the Bank of Brics to discuss the creation of a transaction system that avoids the use of the dollar
Russian President Vladimir Putin met on Wednesday (18.Jun.2025) with former President Dilma Rousseff, current head of the Bank of Brics. The authorities gathered to discuss the “challenges” of the group, the economy of member countries and ways to prevent dependence on coins such as the dollar and the euro.
In joint, Putin said that the creation and expansion of direct transactions that use the coins of the BRICS countries is an issue that “Requires attention”.
“As you correctly said, these are mutual settlements in national currencies, as well as the creation of digital platforms for mutual liquidations, including local coins. Currently, there are several mechanisms that allow these mutual settlements to tokenization.”Dilma said at the meeting.
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The idea of creating a unique BRICS transaction system has already been discussed in other meetings. Originally, authorities from the groups that are part of the group, such as the President (PT), in transactions, to avoid dependence on the dollar.
United States President Donald Trump (Republican Party), however, said. From then on, the organization, such as Russia’s ruble, the real of Brazil and the Chinese Yuan in trade.
BRICS studies the creation of a digital platform that would work between the groups of the group, which would facilitate the conversion of coins by “tokens” cited by Dilma.
The Trump government threats and the instability of the dollar, also related to the US President’s actions, boost discussions between BRICS authorities who oppose dependence on the US.
At the meeting, Putin also congratulated Dilma for. The former president thanked the Russian leader and who will strive “To fulfill my duties in this position in the best way possible”.
