Responding to questions about Russian President Vladimir Putin visiting India to attend the G-20 summit next month, the Deputy Chief of Mission (DCM) of Russian Embassy in India, Roman Babushkin, said on Friday that a decision on the “level” of delegation for the summit has not been taken yet.
“The decision has not yet been taken. All options are on the table,” Mr. Babushkin said speaking at a discussion organised by the India Foundation.
Speaking at the discussion, he said that BRICS members have been taking consistent steps to switch to settlements in national currencies for quite sometime now and working out new payment mechanisms. In this regard, he referred to the proposal of Brazilian President Lula de Silva, about the creation of a single BRICS currency. He also pointed to last year’s summit, where Mr. Putin spoke about an international reserve currency based on the currency basket of the BRICS countries and said, “These ideas demonstrate new tendencies. However, it is clear that a lot of aspects around that require in-depth study.”
