"The operation of the financial systems of the banking sector... as you know, created within the framework of this association, BRICS, contains various ideas on how we could enhance its functionality. It would be great if we, on behalf of Russia but considering the interests of the member countries of our organization, offered our colleagues some proposals," Putin said at a meeting with Chairman of the Board of the Eurasian Economic Commission Bakytzhan Sagintayev.

He emphasized that Russia aims to coordinate any actions in these fields with all members of the Eurasian Economic Community.  

"Of course from your position, from the perspective of the commission, we could prepare these joint proposals. It would be interesting for everyone," Putin added.

He noted that Russia, Kazakhstan, and Belarus already cooperate with BRICS countries in some capacity.

"And if we could offer our colleagues some proposals – we will discuss this in more detail, there are some ideas – especially if presented as our joint steps, it could have promising prospects," the Russian president concluded.