InternationalInternational Economics

Putin’s invitation to create an international payment system based on digital currencies


According to the report of the International Economic Group of Fars News Agency, quoted by Russia EliumRussian President Vladimir Putin, at the artificial intelligence conference, called for the creation of an independent international payment system based on digital currencies and technologies. blockChina became

The President of Russia said at the international conference “Journey of Artificial Intelligence” that was held in Moscow, the capital of this country, that the international payment system is now under the control of a limited group of countries, and this area is one of the lines of attack against Russia.

Putin said: Therefore, it is necessary to create a new system for international payments independent of banks and the intervention of third countries.

According to Putin, global financial institutions should reflect the reality of the multipolar world and be based on open democratic principles and abandon dictation, abuse and monopoly.

In light of this, the Russian president proposed combining advanced technologies with “thousand years of human experience” to launch an independent system for international payments, and as an example of this experience, Putin pointed to the Oriental Remittance System, which he said had long ago Since the advent of banks, it has provided and still provides mutual settlement services.

Western sanctions against Russian banks because of Moscow’s military operations with KayYhas limited their access to the international financial system.

After the imposition of Western banking sanctions against Russia, the Russians, by creating the infrastructure to use national currencies in payments between the member countries of the Eurasian Economic Union and the group brixto the development of the ruble system and policy implementation De-dollarization they paid.

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