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.
Thursday, February 18, 2021
Sibur Shortens Timeline, Reduces Cost of Large-Scale Petchem Project in Russia's Far East
Sibur, Russia’s biggest producer of petrochemicals, has cut the timeline and reduced the estimated cost of its large-scale petrochemical project in Russia’s Far East, near the border with China
The 2017 BRICS New Development Bank’s strategy report The Role Of BRICS In The World Economy & International Development detailed a long-term vision of the direction BRICS countries’ economic cooperation was headed in. The strategy report made the case that reforms in the existing western institutions would not be in BRICS countries' favour in the near future, and hence emphasized the importance of a new Multilateral Clearing Union
Rosneft has held talks with international traders as well as big global oil consumers such as India and China about their possible participation in its massive Vostok Oil project, the Russian energy giant said