BRICS Moves Forward on Payment System, Brits Are Not Amused

BRICS sherpas met at Yekaterinburg, Russia on Nov. 28 and Russian Deputy Foreign Minister Sergey Ryabkov, quoted by TASS, told journalists that the drive towards an independent payment system is irreversible. “The glass is always half-full; it is never half-empty,” Ryabkov said. “We can measure how full the glass is in different ways but this ultimately depends on who is holding this glass in their hands. Therefore, we’ve made significant strides today. How much time it will take to fill … the framework we’ve established with tangible actions depends on us—on BRICS and on the global majority,” he said. “A critical milestone—a point of no return—has been passed, and how quickly things develop going forward depends on how leaders articulate this and how effectively financial experts, bankers and diplomats whose job this is tackle the challenge. We will do everything in our power to ensure success.”