Russia Proposes BRICS Digital Payment Network to Rival Dollar
• Russia to propose new financial initiatives to BRICS, including a digital payment platform called BRICS Bridge • Aims to provide an alternative to the US dollar for international trade and payments • Seeks to improve and reform the international monetary system • BRICS Bridge would bring member states' financial markets closer together • Russia taking first step toward "de-dollarization" and reducing reliance on the US dollar