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DIGITAL WORLD
BRICS+ Media Centre 
MODERN RUSSIAN 
Russian foreign minister said the decision would have a healing effect on the global economy
Russian Foreign Minister, Sergei Lavrov quoted the Brazilian President, Luiz Inacio Lula da Silva as saying the shift to settlements between countries in national currencies would have a "healing effect" on international trade.
The Russian diplomat said an agreement "will be worked out" to discuss the issue at the next BRICS summit to be held from 22 to 24 August in South Africa, the country that forms the economic bloc along with four other nations: Brazil, Russia, India and China.
"This is an objective process, it will gain momentum and we believe it will have a healing effect on the world economy, international trade, economic and investment ties," said Lavrov to reporters during his visit to Kenya.
"President Lula on his own has already presented his idea that one of the priorities is the development of payment mechanisms that are not dependent on the dollar and the euro," he added.
President Lula said on Monday 29 May that he was in favour of a common currency for BRICS member countries and said that many states needed to have more independence from the dollar. Venezuelan President Nicolas Maduro, on a visit to Brazil, defended his country's entry into the BRICS economic bloc.
The foreign minister said that Lula's proposal to create a payment method independent of the dollar would be worked out with the help of the BRICS Bank, whose chairman is Dilma Rousseff, as reported by Brasil 247, a partner of TV BRICS.
Photo: Flickr
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![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
