BRICS profile continues to rise
With the addition of South Africa, the informal group of emerging economies known as BRIC has become BRICS. The expanded group met for the first time at a summit in the Chinese city of Sanya in April, 2011. While the composition of the group has changed, the question remains the same: What exactly unites these countries, with all their geographic, cultural and political differences?
Putin, Zuma vow to cement Russia-South Africa interaction within BRICS
After their talks in Sochi, Putin and Zuma signed eight agreements covering education, energy, defence, fisheries, mineral resources, transport and science and technology
Increasing Russia’s involvement in the Asia-Pacific
Seasoned diplomat and Russia’s new ambassador to China Andrey Denisov talks to RIR about Moscow’s development of friendly relations with Asian countries and the scope for BRICS
Syria wants to join the SCO and BRICS - Minister
Syria would like eventually to join the international associations such as the Shanghai Cooperation Organization (SCO) and BRICS. This was announced on Saturday by Syrian Information Minister Omran al-Zoubi during a meeting with the deputy chairman o
BRICS states to work in groups on Development Bank - Storchak
Finance ministers of the BRICS countries agreed to set up delegations that would work out the main principles for the establishment of a development bank by this fall, Russian Deputy Finance Minister Sergei Storchak said.
What the world really needs from the BRICS
The 5-nation grouping should focus on greater leadership on today's great global issues
The post-Durban BRICS roadmap: Hopes and Challenges
If the BRICS grouping seeks to achieve their overarching goal of reconfiguring the existing world order, they sail or sink together
What made India’s prime minister happy
Was it the BRICS summit? Or, was it the successful first meeting he had with China’s new leader Xi Jinping?
BRICS birth a new South-South revolution in Durban
The Durban summit will go down in history as a defining moment in the trajectory of the South-South cooperation and marked the maturation of the BRICS grouping.
Egypt eyes gas supplies from Russia – Lavrov
Russian President Vladimir Putin and Egyptian President Mohamed Morsi have discussed the possibility of the deliveries of Russian natural gas to Egypt as the North African country may soon become an importer to revive its weakened economy, Russian Fo
BRICS states call for substantial contributions to Development Bank
The initial contribution to the BRICS Development Bank should be substantial and sufficient for the Bank to be effective in financing infrastructure, BRICS leaders said in their Declaration adopted at the 5th summit of the grouping in Durban, South A
BRICS countries agree to create self-governing currency reserve of 100 billion dollars
The BRICS countries have agreed to establish a self-governing currency reserve of 100 billion dollars to be used in emergency situations, the final declaration of the summit says.
Russia open for new investment projects – Putin
President Vladimir Putin on Wednesday played up Russia’s potential as an investment destination as he tried to reassure investors at a summit of the world’s leading emerging market economies that the country was open for new business projects.
Direct investment in BRICS hits $263 billion
In 2012, BRICS together accounted for 20% of global foreign direct investment (FDI), or $263 billion, according to a report of the United Nations Conference on Trade and Development (UNCTAD)
BRICS strike deal on Development Bank
It’s a game-changer for the global South as the bank is envisaged as an alternative to the Bretton Woods institutions
Putin advocates BRICS Development Bank to boost trade
President Vladimir Putin lent his support on Wednesday to the idea of establishing a development bank of the BRICS organization of leading emerging market economies to build up mutual trade and investment
BRICS to co-finance infrastructural projects in Africa - Putin
The BRICS countries - Brazil, Russia, India, China and South Africa - are going co-finance infrastructural projects in developing African countries, Russian President Vladimir Putin said.
BRICS Bank: A reality check
The very philosophy underlying BRICS needs to be applied in the establishment of the bank
Finance ministers fail to agree on creation of BRICS Development Bank
Siluanov said that the finance ministers could not agree on separate issues such as the amount of capital and the size of contributions to be made by each country
Russia offers South Africa help with nuclear power
Russia is ready to assist South Africa with construction of nuclear power plants (NPP) in the country, providing a line of credit if the project is implemented by Russian specialists, President Vladimir Putin said on Tuesday
BRICS means business, sky’s the limit
Besides the Development Bank, the formation of the Business Council will be a key outcome of the Durban summit