Russia Proposes BRICs Payment SystemThe BIS must of got leaned on to ditch M-Bridge as it would cicumvent sanctions under SWIFT.
Russia proposed a BRICs payment system. China has the M-Bridge coding and supports it becoming a BRIC's payment system.
"Maneco64" summarizes the shift in his short video:
https://www.youtube.com/watch?v=UB-iC6VHw1g