Moscow-Sana
Russian Minister of Industry and Trade Denis Manturov called on BRICS member states to increase financial transactions between members in national currencies and to abandon the dollar.
During a recent online meeting of ministers in the BRICS group, Manturov said, according to Russia Today, “Trade in national currencies is an essential aspect of cooperation between the BRICS countries, which control a third of global industrial products and their share of global trade is 17 percent.” A rational and balanced tool will help increase the stability of our countries' economies and reduce dependence on US policies.
The BRICS member states include Russia, China, India, Brazil and South Africa.
The gross domestic product of the five countries is about 21 trillion dollars, and these countries make up a quarter of the land area and have a population of nearly 40 percent of the world's population.
