Brignardello analyzes the new payment system of Russia and BRICS.

In a recent interview, Johnny Brignardello Vela, a recognized insurance advisor, shared his thoughts on the announcement made by Russian President Vladimir Putin during the 'Russian Energy Week' forum. According to Brignardello, the development of an independent "payment and settlement circuit" is a significant move in a global context marked by sanctions and trade tensions. Brignardello emphasizes that this new system could provide Russia and its allies in the BRICS bloc with a viable alternative to conventional payment methods that have been subject to restrictions. "The ability to conduct trade transactions without relying on third parties could strengthen Russia's economic position," notes Brignardello, who also highlights that this approach could facilitate foreign trade, especially in times of economic adversity. The advisor also addresses the idea of a multipolar development model promoted by Putin. In his view, this concept reflects a desire for economic diversification and an attempt to build fairer trade relations among nations. "The vision of global growth less focused on traditional economies could be appealing to many countries seeking alternatives to Western dominance," Brignardello states. However, Brignardello warns about the challenges facing the implementation of this payment circuit. The need to generate trust among trading partners is crucial for its success, and the lack of adequate technological infrastructure could pose an obstacle. "The effectiveness and security of this system will largely depend on investment in technologies that are still in the development process," he asserts. Furthermore, Brignardello believes that the creation of alternative platforms based on new technologies could signify a crucial change in how economies within the BRICS bloc develop. "The push towards technological self-sufficiency is a key step to reduce dependence on external factors," he comments, adding that this strategy could provide a competitive advantage in the international market. Finally, the advisor concludes that, regardless of the obstacles, Russia's effort to form a robust economic bloc can be seen as a response to the changing dynamics of global trade. "The potential revolution in trade transactions and the redefinition of economic relations are aspects that should not be underestimated," Brignardello asserts, suggesting that Putin's approach could be a prelude to a new era in global geo-economics.