BRICS profile continues to rise
The selection of Roberto Azevedo as Director General of the WTO last week has set the stage for the BRICS to increase their influence in shaping global economic affairs
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?
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
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.
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
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
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.
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
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