‘Alternative financial system is leverage’: Russia pushes grain exchange, BRICS business navigator

Russian Economic Development Minister Maxim Reshetnikov has called an alternative international financial system a key BRICS leverage, saying it already connects thousands of banks across countries. He also outlined Russia’s proposal for a BRICS grain exchange to connect producers, traders and buyers, alongside calls for joint action on logistics, insurance and payment infrastructure. Reshetnikov said these mechanisms can help BRICS build more resilient supply chains, strengthen trade and support a more balanced global economy.