The BRICS countries may launch a single payment system this year, which will make Western sanctions meaningless. Berliner Zeitung writes about this.
The Reserve Bank of India, which chairs the association, proposed linking the digital currencies of the central banks of the BRICS countries to simplify cross-border payments in trade and tourism. It is expected that this initiative will be included in the agenda of the 2026 summit to be held in India.
The key element of the project is called the Brics Pay platform, which should combine national payment systems and digital currencies of the central banks of the participating countries, reducing dependence on the US dollar and Western mechanisms, including SWIFT.
"The dollar will be left out. BRICS is strengthening its financial sovereignty," the Berliner Zeitung states.
According to the publication, Brics Pay should ensure the stability of financial flows primarily for countries under sanctions, such as Russia and Iran.
Berliner Zeitung believes that if successful, the project could limit the possibilities of Western financial pressure and strengthen the role of BRICS in the global economy.
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