From economic cooperation to collective security

Among the most consequential developments at the Rio summit was the firm commitment to advancing financial sovereignty among member states. Particular emphasis was placed on transitioning to transactions in national currencies – a long-standing initiative championed by Russia and several other BRICS countries. The leaders endorsed this direction, recognizing the need to reduce dependence on dominant reserve currencies. President Putin underscored that this was not merely an economic measure, but a geopolitical move aimed at strengthening the sovereignty of participating nations and insulating them from external pressure.

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https://www.rt.com/news/621315-brics-in-rio-global-power/