The plan to establish a BRICS exchange aimed at developing mutual exchange-based trade is to be submitted to the Russian government by July 1, 2026, according to the National Competition Development Plan for 2026-2030.
"The development and approval of a work plan for the creation of a #BRICS exchange to promote mutual exchange trade—report to the Government of the Russian Federation by July 1, 2026," the document said.
The Ministry of Economic Development, the Ministry of Finance, the Ministry of Agriculture, the Federal Antimonopoly Service, and the Ministry of Industry and Trade have been designated as the responsible executors with the participation of the Bank of Russia and other interested organisations.
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