On October 22 local time, Russian President Putin met with former Brazilian President and President of the New Development Bank, Dilma Rousseff, in Kazan. Putin expressed his appreciation for the work of the BRICS New Development Bank, stating that it is a promising financial institution. Increasing the share of local currency settlement among BRICS countries will reduce geopolitical risks. Dilma Rousseff stated that "Global South" countries need financing, and the New Development Bank will provide financing to these countries in local currency form. (CCTV News)
普京：增加金砖国家本币结算份额将降低地缘政治风险
Putin: Increasing the share of BRICS countries' local currency settlements will reduce geopolitical risks.
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