VLADIVOSTOK (Sputnik) - Russia and its partners within BRICS and the Shanghai Cooperation Organization (SCO) need to work on a unification of payment systems and a mechanism to regulate trade in national currencies to boost mutual trade and be more independent, geopolitical analyst Pepe Escobar told Sputnik.
"We do not need a new BRICS currency, we don’t need a new euro, you don’t need something you can buy coffee with. You need what [Russian] President [Vladimir] Putin said, in fact, recently — a mechanism regulating trade in bilateral currencies and multilateral currencies [within BRICS and SCO] and also in parallel a unification of payment systems," Escobar said on the sidelines of the Eastern Economic Forum (EEF) in Russia's Vladivostok......more below
