All right, Alexander, let's talk about the BRICS summit, which is a couple of weeks away from Kazan,

which will be taking place from Kazan, Russia, and a lot of talk about a payment system.

I think this is the big topic that Bricks is going to undertake in their event. And it looks like Russia is taking the

lead and putting together a payment system. This is going to be, from what I understand,

this is going to be a payment system on a government-to-government level. We're not talking about

anything that's going to interact with the actual

consumer or customer. But we are looking at perhaps a digital system, digital currency, or a basket

of currencies. What have you heard about the payment systems that Bricks is putting together?

Well, the first thing to say is that, of course, the Russians are chairing Bricks. So, I mean,

they are going to be the host country in Kazan, which is, of course, the city inside the Russian

Federation. They are coordinating, therefore, with all the various other BRICS states.

And they are the people who will present the proposal, though I suspect it will be a proposal

in which the other BRIC states, the other key brick states,

which for this purpose will be India, China, South Africa, obviously, Brazil, but also Saudi Arabia and Iran,

will also be participating and involved in.

And I think it's absolutely clear now that the priority is going to be to set up this

payment system, this international payment system.

And we've had the strongest indication of this up to this point because a couple of

days ago Russia held a meeting of its Security Council and I've discussed many times

that the Russian Security Council doesn't just deal with defence and security and foreign

policy issues. It's also, it's basically the main decision-making body on all questions in

Russia. Anyway, they held a meeting and we know, because Putin has told told us that the topic of discussion at that meeting was the setting up of this international payment system.

...