The head of the Union of Entrepreneurs proposed to create a payment system within the framework of the BRICS countries

The BRICS countries (Brazil, Russia, India, China and South Africa) should create their own payment system. With such a proposal, the head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin made on Friday, February 25.

He noted that the creation of such a system would help offset the new restrictive measures. At the same time, he added that it takes time to build it, the TV channel reports.360“.

“On the one hand, we do not fully know the scale of these sanctions, direct and indirect. On the other hand, we must build something, such as a payment and settlement system, or build alternative solutions with new partners, ”the head of the RSPP told reporters after the annual meeting of the Sverdlovsk Regional Union of Industrialists and Entrepreneurs.

The day before, US President Joe Biden said in his circulation to the nation about restrictions for Russian companies in the ability to conduct settlements in dollars, pounds sterling and yen. American sanctions will affect the funds of the largest Russian state-owned companies.

According to Biden, the US plans to freeze the assets of large Russian banks. Also, export restrictions are being introduced against Moscow in order to limit the entry of high-tech products into the country by 50%.

According to the American president, Europe has refused to disconnect the Russian Federation from SWIFT now, since the US sanctions are comparable in scale with this action, according to the website kp.ru.

At the same time, it is worth noting that the United States is not only a financial, but also an informational empire, therefore a number of sanctions may affect this area as well, Alexander Razuvaev, an independent analyst and director of the analytical department at Alpari, recalled in an interview with Izvestia.

Following the United States, “unprecedented” anti-Russian sanctions were announced in the European Union. The leaders of 27 countries agreed on additional anti-Russian measures due to the situation in Ukraine. The EU sanctions package is directed against the financial, energy, transport sectors and dual-use goods. They will also affect the visa policy and will manifest itself in restrictions against a number of Russian individuals and organizations.

On February 24, Russian President Vladimir Putin, in his special televised address, announced that a special operation would be carried out in the Donbass in order to protect the civilian population. After that, Vladimir Zelensky accused Russia of hitting the country’s military infrastructure and introduced martial law throughout the country.

The Russian Defense Ministry, meanwhile, said that the army does not carry out air missile or artillery strikes on the cities of Ukraine. They stressed that nothing threatens the civilian population of the country. High-precision weapons destroy military infrastructure: military airfields, aviation, air defense facilities of the Armed Forces of Ukraine.

On February 21, Putin signed decrees recognizing the independence of the LNR and the DNR. Also, the Russian leader and the heads of both republics Leonid Pasechnik and Denis Pushilin signed agreements on friendship, cooperation and mutual assistance. The documents were ratified the next day by both the republics themselves and the Russian State Duma.

The situation in Donbass escalated on February 17, 2022. In the Donetsk and Lugansk People’s Republics, heavy shelling by Ukrainian security forces was reported, including from heavy weapons. The republics announced a general mobilization and evacuation of civilians to the territory of Russia.

Since 2014, the Ukrainian authorities have been conducting a military operation against the inhabitants of Donbass, who refused to recognize the results of the coup d’état and the new government in Ukraine. At the same time, Kiev blames Moscow for the current situation.