This year, Russia assumed the BRICS chairmanship, taking over from South Africa

This year, Russia assumed the BRICS chairmanship, taking over from South Africa In close contact with our South African friends, we worked on coordinating the modalities for establishing the partner state status. The relevant agencies of our countries collaborated in the financial sector to expand the use of national currencies in mutual settlements and to create an independent payment system, Vladimir Putin said at his meeting with President of South Africa Cyril Ramaphosa. Source: Kremlin. News