
China backs Russia-proposed BRICS payment system
Voice of America
Chinese President Xi Jinping, left, Russian President Vladimir Putin, center, and Egyptian President Abdel Fattah el-Sisi clink glasses during a festive reception to mark the BRICS Summit in Kazan, Russia, Oct. 23, 2024.
Gathered Wednesday at a summit in the Russian city of Kazan, the members of BRICS adopted a joint declaration calling for the creation of an independent payment system based on their national currencies, a move in response to what they regard as illegal sanctions that are damaging the global economy.

Local officials and navy personnel attend a joint Iranian, Russian and Chinese military drill in the Gulf of Oman, Iran, on March 12, 2025. (Iranian Army Office via AFP) Chinese navy troops attending a joint naval drill with Iran and Russia stand on the deck of their warship in an official arrival ceremony at Shahid Beheshti port in Chabahar in the Gulf of Oman, Iran, on March 11, 2025.

India's Prime Minister Narendra Modi waves as he arrives for Mauritius' 57th National Day celebrations at the Champ De Mars, Port Louis, Mauritius, March 12, 2025. India's Prime Minister Narendra Modi, left, and his Mauritius counterpart Navin Ramgoolam pay homage after laying a wreath at the Sir Seewoosagur Ramgoolam Botanical Garden during his State visit, in Pamplemousses, Mauritius, March 11, 2025. FILE - Sailors walk on the deck of the INS Imphal, a stealth guided-missile destroyer, at the Naval Dockyard in Mumbai, Dec. 22, 2023.

Police officers guard the Palace of the Republic after Bosnian prosecutors ordered the detention of three top Bosnian Serb officials over a series of separatist actions, in the Bosnian town of Banja Luka, 240 kms northwest of Sarajevo, March 12, 2025. FILE - Bosnian Serb leader Milorad Dodik speaks during an interview with the Associated Press, in the Bosnian town of Banja Luka, 240 kms northwest of Sarajevo, Dec. 29, 2023.