The Economic Times

Single Brics currency not on agenda, says Russia's deputy foreign minister Sergei Ryabkov

BRICS nations are not planning a common currency. Instead, they are focusing on expanding the use of their own currencies for trade and investments. This move aims to make transactions resilient to sanctions and coercive measures. Russia's deputy foreign minister Sergei Ryabkov clarified that this is not an anti-western initiative but a response to attacks on multilateralism.