Comparative analysis of the banking system access and depth in the BRICS countries

The Western countries imposed an unprecedented set of sanctions on the Russian economy has led to increased interaction of the Russian Federation with alternative centers of power in the modern system of international relations. This interaction is carried out in various formats, among which a special place is given to the BRICS interstate group. The expansion of the use of national currencies in international trade and financial transactions between the BRICS countries, as well as their trading partners, requires effective interaction of the banking systems of the member countries. The paper conducted the results of a comparative assessment of the banking systems of the BRICS countries for their access and depth. A set of indicators has been defined to assess the access and depth of the banking systems of the BRICS countries. An assessment of the Banking system access and depth in the BRICS countries was carried out according to fifteen indicators.