Why it matters:
The move signals Moscow’s intent to turn BRICS political commitments into tangible economic outcomes in an effort to establish the use of currencies other than dollar.
Key points:
- The committee was established by a presidential decree signed by Vladimir Putin on February 16, 2026, and took effect immediately.
- Its main task is to ensure effective interaction between the business community and federal executive bodies involved in multilateral and bilateral projects under the BRICS framework.
- It will also monitor progress, define strategic directions, and help implement agreed economic initiatives.
The big picture:
BRICS countries are steadily strengthening institutional mechanisms to deepen economic integration. Russia’s new committee fits into broader efforts to create more structured, business-driven cooperation within the group.
Go deeper:
By formalizing a platform that links state policy with private-sector interests, Moscow aims to reduce trade and investment barriers and create more predictable channels for long-term cooperation with BRICS partners.
Russian FM: Global Power Shift Accelerates as U.S. Economic Influence Wanes
seyed mohammad kazemi
