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.
Tuesday, September 18, 2018
Siberian Gold: BRICS Launches First Joint Project in Russia – Indian Businessman
BRICS nations have kicked off their first joint project in Russia's Chita region, Shiv Vikram Khemka, vice chairman of SUN Group, a leading principal investor and private equity fund manager in emerging markets, told Radio Sputnik
The Russia-China Investment Fund (RCIF) and China's Tus-Holdings have announced joint investment plans focusing on developing technology, which "would see $1.28 billion investment in the Russian Tushino Project Technology Park,"
Russia is now much closer to China than the U.S., the head of Russia's sovereign wealth fund told CNBC, with a strategic partnership between Russian firms and Alibaba the latest example of their strengthening ties