BRICS accelerates payment infrastructure: what will change in import payments
Following the BRICS sherpa/su-sherpa meeting in New Delhi on February 9-10, the Russian Foreign Ministry announced the need to create a cross-border payment, settlement, depository and reinsurance infrastructure for the association, as well as to develop a new investment platform and Grain Exchange. For foreign economic activity, this is primarily about the stability of settlements and the reduction of "friction" in international payments, which directly affects the timing of shipment, the cost
