The development of the economies of the BRICS countries through the formation of a new international financial system

The organization of a fair and convenient financial system is now at the head of the table of the heads of many states. Finance affects sensitivity to Western sanctions, in fact, it is the only and most powerful tool of US influence on any economy in the world. The lack of an affordable alternative is associated with an increase in transaction costs and a lag in development, so much so that even a change of supplier becomes an insurmountable test. The Russian Federation is one of the most advanced countries in the introduction of digital services, and is able to lead the way in creating such a system. After all, the shorter the path of an economic agent from an idea to obtaining a result, the faster the next iteration of its development will come. The economy moves only when goods and material assets are transferred from the hands of one agent to the hands of another. Next, the general welfare of the people who touch this movement is growing. They get food at the table, clothes in the wardrobe and fuel for the car. Thus, the development of sustainable financial mechanisms directly affects human well-being.