Russia to launch types of Investment funds in BRICS to surpass the US dollar by 2027

Russia plan to take huge steps to regulate 1 BRICS currency Equal to 1 USD in future. BRICS need $33 Trillion Annual Trades through the member countries of BRICS to surpass USD in global market. Recently, United Nations Conference on Trade and Development (UNCTAD) has reported, Russia and BRICS countries are need more than $33 Trillion USD Annual International Settlements to surpass US Dollar untill 2030. UNCTAD says, Russia plans to launch Investment funds in BRICS to surpass the US dollar in Annual Trades, International Forex Reserve and Cross-Border banking facilities. Russian President Vladimir Putin plan to take huge steps to regulate 1 $BRICS currency Equal to 1 $USD in future. The BRICS countrise which include Brazil, China, Russia, India and South Africa sees a increasing of annual trade volumes in 2022. In years between 2022-2024, Total Intra-Regional Trade within BRICS was above of $5 Trillion since begin of Ukraine-Russian war. In 2001–2022, the average total amount of BRICS+ world trade was $3.1 trillion. In year 2023 BRICS summit, six new top developed countries are joined BRICS inluding Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and UAE which will lead $9 Trillion Annual Trades by 2027.

Russia to Replace Ruble currency to BRICS, Russian Retail funds, Investment funds, and Exports allows the BRICS currency

Currently, Russian Banking, Financial and Cross-Border Business companies have said that now the Russian President has thought of converting his local currency the Russian Ruble into BRICS so as to save Russia’s GDP and Economy from US and Western Sanctions. Recently it has been told that Russia is not only using BRICS for international purpose but also wants to take Oil & Gas Economy, Banking, Payments system or all its exports into BRICS so that in the future Russia will get almost 30% BRICS currency dominance. But now Russia will accept payments in the BRICS for International payments, Crude Oil, Gas, and agriculture in the future, which will greatly enhance the performance of the Russian Ruble. so that it can completely avoid US dollar and Western sanctions, or US interest in Europe. Russian banks are focusing on BRICS Pay decentralzied scheme to allow BRICS countres to trade with each other without using US Dollars. Russian Market Vectors Russia ETF (RSX) an exchnage-traded fund (ETF) that can be purchased through an International Trading Account, and JPM Russia A (acc) – USD. Russian Stabilization Fund of the Russian Federation (SFRF) dun that will allow the russian payment system to split into Reserve Fund and the National Wealth Fund.  Recently, Russian Direct Investment Fund (RDIF) an investment fund that has partnered with other BRICS countries to invest in Russia and BRICS Forex Reserve. Russian Banks and Political leaders are plans to approve Gold backed loan in BRICS currency.