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BRICS Pay as an alternative method of international settlements for Russia in the face of sanctions

Annotation. The article explores a promising new way to conduct international monetary transactions using the new BRICS Pay payment system, which is being developed as an alternative to Western financial infrastructures. Special emphasis is placed on the technological features of BRICS Pay. In the end, the results of the review of this transaction platform are summarized and an analytical opinion is given on the prospects for its further development in the context of the rapidly changing geopolitical situation, demonstrating its potential as an instrument of financial sovereignty and a catalyst for the transition to a new model of international settlements.
Key words. BRICS Pay, sanctions, cross-border settlements, de-dollarization, financial integration, alternative payment systems, transformation of foreign economic activity.