BRICS countries are launching alternative trading platforms: diplomats

Russian Foreign Minister Sergei Lavrov confirmed that the BRICS countries are accelerating the launch of an alternative trading platform to bypass the US dollar for cross-border transactions aimed at reforming global finance. He criticized Trump and Biden for undermining the dominance of the dollar and warned that weaponizing the dollar would weaken trust. This move could shift global trade to the use of local currencies, thereby enhancing the power of developing economies in a multipolar financial system.