The Russian president noted the importance of the BRICS bank in a new monetary order
Setting up alternative financial institutions is a difficult but necessary endeavor at a time when Washington has weaponized the US dollar, Russian President Vladimir Putin said on Wednesday, at the meeting with New Development Bank head Dilma Rousseff.
The former president of Brazil, who took over the former BRICS Development Bank in March, was in St. Petersburg to meet with Putin ahead of this week’s Russia-Africa summit.
“I have no doubt that, using your rich experience in government and knowledge in this area, you will do everything to develop this institution, which I think is very important today,” Putin told Rousseff.
“In current conditions, this is not an easy job, given what is happening in world finance and the use of the dollar as a tool of political struggle,” he added.
Putin underscored that the economic bloc of Brazil, Russia, India, China and…