currencies and to a payment infrastructure that cannot be affected by sanctions.
Are there any problems in mutual spain telegram data settlements between BRICS countries and Russia after the December package of US sanctions? What solutions are being considered?
Yes a certain complication of cross
border settlements with many countries, because the risk of secondary sanctions has increased. But what does this lead to? In my opinion, it leads to the activation of efforts to create alternative payment methods. Business in all countries is working on this. If business is interested in developing economic, trade, investment relations, and the established system of international payments becomes risky, then it is clear that an active search for alternative opportunities begins.
You mentioned digital currencies. Does the Bank of Russia plan to conduct pilots on cross-border payments in digital currencies, when possible?
Many countries are now at least thinking
About introducing digital currencies of central banks. Some are still researching, some have already reached the pilot stage. When creating the subjects for sales emails with the digital ruble platform, we included the possibility of its integration with similar foreign platforms. We are currently holding consultations, negotiations with many friendly countries and, of course, with agb directory the BRICS countries, on cross-border settlements through digital currencies. And I think that in the future, they will certainly develop.
