Alexey Gromov, Principal Director on Energy studies of the Institute for Energy and Finance, gave a detailed comment to the Sputnik Latin American news agency about the expectations from the 15th BRICS Summit in South Africa, which will be held on August 22-24, 2023.
After all, according to the expert, this bloc intends to contribute to the economic growth and prosperity of the member countries, and the shortest way to achieve it is to expand trade and economic ties.
"The introduction of the BRICS' own, perhaps, digital currency for trading operations within the bloc is the most important strategic goal for its members," Alexey Gromov believes.
However, in conditions when all business operations are carried out using Western financial infrastructure, Gromov explained, such connections are vulnerable to external influences, as the experience of Western sanctions against Russia has already shown.
Subscribe for updates
and be the first to know about new publications