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.
India & Russia will use their national currencies for defense deals to bypass US sanctions – report Russia and one of the biggest importers of its weapons, India, have decided to use their national currencies to transfer payments for massive defense deals in order to skirt possible US sanctions
The Minister of Commerce and Industry, Piyush Goyal, said that Engagement in BRICS Summits provides a platform for discussions and exchange of views on issues of mutual interest. These interactions help develop congruence on various issues and could lead to closer cooperation and strengthening of trade and investment ties between BRICS nations
Prime Minister of Mongolia Ukhnaagiin Khurelsukh has announced about the start of the project of a gas pipe from Russia to China through Mongolia at the meeting with Russian PM Dmitry Medvedev