Many are confident that organization uniting such different countries as Brazil, Russia, India, China and South Africa can't become an international player. But when it comes to “Arab spring” cases, BRICS gives a hope
The Indians and the Chinese are almost equally in need of global power which would contribute to regional balance and stability. A simple analysis shows that Russia is the only actor that can play this role
Russia has urged the BRICS Group of counties to render humanitarian assistance to Syria. A statement to this effect was made by President Dmitry Medvedev following the BRICS summit in New Delhi. All BRICS countries deem foreign interference in Syria
The major development banks of the BRICS states will finance projects in each other's states in national currencies, Russia's national development bank Vnesheconombank (VEB) said on Thursday, after VEB signed a deal with BRICS nations banks in Delhi,
An important achievement of the BRICS summit in New Delhi is the agreement among the members to foster trade in local currencies. But to play a sustained and significant role, the members must coordinate their policies and rise above bilateral differ
Russia's President Medvedev called for a key role for the BRICS nations in world affairs, and demanded faster modernization of the world financial system, following talks with BRICS nations leaders in Delhi on Thursday.
The BRICS group of emerging economies support a plan toset up a new joint development bank known as the South-South bank to finance various projects in their states, Russia's Economic Development Minister Elvira Nabiullina said on Wednesday in Delhi
Russian minister of trade and economic development Elvira Nabiullina raised concerns about the cancellation of 2G licence given to Sistema Shyam Teleservices, a JV between Russian company Sistema and India's Shyam Group, in her meeting with commerce