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By Rhod Mackenzie

Russia will promote the issue of improving the BRICS settlement and payment system independent of Western infrastructure - this could be, for example, payments in digital currencies; Russia is ready to test this with China, the EAEU and the Gulf countries, Russian Finance Ministe...

By Rhod Mackenzie

Trade between India and Russia reached a record $54.7 billion. The majority of this volume comes from Russian exports. As a result, the Russian Federation has accumulated rupees, which are difficult to convert. The solution to this problem is increasingly being cited as reinvestm...

By Rhod Mackenzie

According to Maxim Osadchiy, the head of the analytical department of BKF Bank, countries worldwide are actively developing alternatives to the SWIFT interbank system for making payments. However, these alternatives still only account for a small share of traffic, representing up...