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"By the end of the year, the Ministry of Finance of Russia and the Bank of Russia, together with their unification partners, will prepare a report to the leaders of the BRICS countries on improving the international monetary and financial system, which will contain a list of initiatives and recommendations," the statement said.

It underscored that the result of the report would the "launch of a number of practical initiatives", one of which could be the "BRICS Bridge Platform".Challenge West

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