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, May 5, 2016
Russia’s Technodinamika Holding aerospace firm will deliver 1.6 billion rubles ($24.7 million) worth of hardware for Russian-made aircraft in service with the Indian Air Force in 2016-2017, the company’s press service said
A Russian-Chinese working group on high-speed railway cooperation met in Beijing. Russian and Chinese delegations were led by Russian Railways First Vice-President Alexander Misharin and China Railway Vice General Manager Huang Min respectively
The BRICS countries are working to implement an initiative of sharing information on the Earth’s remote sensing, which will allow to swiftly respond to emergency situations and disasters, Russia’s Federal Space Agency Roscosmos head Igor Komarov said
‘Only one of these institutions sounds like a new bank’. That was the conclusion of one attendee at the Think20 Conference in Shanghai in February after a session featuring four international financial institutions: the Asian Infrastructure Investment Bank (AIIB), the New Development Bank BRICS (NDB), the Asian Development Bank, and the OECD