Putin prepares BRICS Kazan payment system

Putin's diplomatic moves in Mongolia set the stage for the upcoming BRICS summit, with nations like Turkey and Malaysia keen on joining. The dialogue emphasizes the evolving partnerships within BRICS, especially with Brazil's Lula advocating for a new currency system. Amidst U.S. sanctions, alternative payment systems are gaining traction, showcasing the bloc's resilience. The discussion also highlights the introduction of Central Bank Digital Currencies among BRICS members to facilitate trade and establish a counterbalance to the current global financial order.