Russian President Vladimir Putin said in an interview on “India Today” broadcast on December 4 that currently the BRICS countries have no plans to establish a unified currency. Using Europe's implementation of a single currency system — the euro, as an example, Putin pointed out that some countries are not fully prepared, making it difficult to regulate certain issues involving the social sector. At the same time, Putin stressed that it is necessary to expand the possibility of using local currency for settlement within the BRICS countries. In July of this year, Putin discussed the need to expand the scope of BRICS countries using local currency for settlement. Putin pointed out that the ruble and the currencies of friendly countries already accounted for 90% of Russia's settlements with other BRICS countries in 2024.

Russian President Vladimir Putin said in an interview on “India Today” broadcast on December 4 that currently the BRICS countries have no plans to establish a unified currency. Using Europe's implementation of a single currency system — the euro, as an example, Putin pointed out that some countries are not fully prepared, making it difficult to regulate certain issues involving the social sector. At the same time, Putin stressed that it is necessary to expand the possibility of using local currency for settlement within the BRICS countries. In July of this year, Putin discussed the need to expand the scope of BRICS countries using local currency for settlement. Putin pointed out that the ruble and the currencies of friendly countries already accounted for 90% of Russia's settlements with other BRICS countries in 2024.