Leaders of two of the world’s largest economies, Vladimir Putin and Xi Jinping, are proposing a major new BRICS investment platform to support national economies across the Global South and East. The proposal will be a key focus at the upcoming BRICS Summit in Rio de Janeiro in early July.
According to Russian presidential assistant Yuri Ushakov, the new investment platform aims to drive sustainable economic growth across BRICS nations and the broader Global South.
“In anticipation of the BRICS summit in Rio de Janeiro, the leaders examined in detail the progress of the Russian initiatives from last year’s Kazan summit, including mutual settlements and industrial cooperation,” Ushakov said.
The proposed BRICS platform is expected to:
Putin emphasized the need for greater cooperation in sectors like:
“Our countries need to step up cooperation in areas such as technology, education, trade, and finance,” Putin stated. “We must multiply the volume of capital investment.”
Beyond the BRICS initiative, Russia and China reaffirmed their strategic partnership, particularly in the Middle East. The two leaders exchanged updates via phone and are reportedly preparing for coordinated actions in global affairs.
In a notable shift away from Western financial systems, Russia and China have begun settling certain energy trades using Bitcoin, reducing dependence on the U.S. dollar.
Putin is also reportedly exploring options to expand Russia’s national currency through the creation of a digital platform for cross-border settlements and investments. This aligns with BRICS’s broader goal of building financial alternatives to Western-dominated systems.
With rising global tensions and shifting alliances, the BRICS-led investment initiative could reshape economic power in favor of the Global South. Putin and Xi’s strategic alignment signals a stronger, united front that challenges existing global financial norms.
The BRICS investment platform, coupled with de-dollarization efforts, aims to challenge Western-dominated financial institutions and reduce reliance on the U.S. dollar. This could lead to a more multipolar global economic order, shifting influence towards the Global South and East.
While de-dollarization efforts are still in early stages, if they gain significant traction, they could lead to increased volatility in global exchange rates and trade patterns, potentially impacting the stability of currencies you rely on by introducing more competition and alternative payment systems.
The BRICS partnership aims to build alternative financial systems, such as a digital platform for cross-border settlements. These changes could diversify global financial options, potentially offering new investment opportunities or altering the relative strength of different currencies, which might indirectly impact your savings depending on your portfolio.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The cryptocurrency market is steady above $4 trillion in total value, with Bitcoin around $124,000…
XRP is trading just above $3.30, gaining more than 9% in the past 24 hours.…
Bitcoin has reached a fresh all-time high of $125,559 on October 5, 2025, with its…
Remittix has become the top token since the start of this quarter, following the launch…
The crypto market arrived in October with positive traction, and investors are once more considering…
The OKB price has exhibited one of the most remarkable rallies in 2025, primarily driven…