The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Members of the BRICS Business Council will suggest specific projects that could be supported by the New Development Bank. The bank has agreed to finance road construction projects in Madhya Pradesh and hydropower plants in Karelia
The transport group FESCO reduced the transit time of cargo delivery between the ports of the Far East of Russia and the ports of China via the regular FESCO China Direct Line (FCDL) after improvement and optimization of the service