Russia says it's working with a group of countries to build a platform that doesn't need the dollar

• A group of emerging countries are planning a payments platform to bypass the US dollar, Lavrov announced.
• The initiative follows a BRICS summit call for trade in national currencies.
• The platform may use digital currency, with more details expected at the Kazan BRICS meeting.

A group of major emerging countries is working on a way around the dollar — but they face an uphill battle to diminish the greenback's dominance.

On Monday, Russian Foreign Minister Sergey Lavrov said BRICS countries are developing a payments platform that will allow them to bypass the US dollar, per TASS, a state news agency.