Coordinador: Dr. Óscar Ugarteche Galarza
Web master:Dr. José Carlos Díaz Silva
Octubre, 2025

Commercial integration

The Meeting in Kazan, Russia and the future of BRICS

Vie, 03/28/2025 - 17:07 -- jdiaz

In October 2024, the 16th BRICS summit was held in Kazan, Russia. One of the central themes was financial cooperation, which consisted of increasing trade in local currencies, which would benefit from reducing transaction costs, avoiding US trade sanctions and reducing payment processing times. In addition, it allows for greater exchange rate stability because it avoids the dollar's instability.

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