Russia Urges BRICS Nations To Create Own 'SWIFT' System, Warns 'Sanctions Are Destroying International Order'

The dollar reserve system is facing its greatest threat yet.

Russian Finance Minister Anatoly Siluanov said on Saturday that the five BRICS countries - Brazil, Russia, India, China and South Africa - could mitigate the backlash of Western sanctions against Russia on their economies by pooling their efforts and using a range of financial instruments at their disposal.

Less than 50 percent

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