The China-led Asian infrastructure and Investment Bank (AIIB) and BRICS New Development Bank (NDB) can coexist, Russian Minister of Economic Development Aleksey Ulyukayev told RT ahead of the key BRICS/SCO summits in Russia.
Ahead of the landmark BRICS/SCO summits in Russia’s Ufa, Putin's top aide Yury Ushakov speaks to RT, Vesti and RIA on the key topics of the forums’ agendas, including the BRICS New Development Bank, Iran joining SCO, and crises in Greece and Ukraine.
The issue of Greece joining the BRICS bank hasn’t been officially discussed, one of President Putin’s top aides Yuri Ushakov told RT, Vesti and Ria, commenting on media reports that Athens had been invited to join the institution.
The BRICS countries may sign an agreement on economic integration in the next 5 years, says Russia’s Deputy Economic Development Minister Alexei Likhachev. Russia will offer a ‘road map’ at the BRICS summit in Ufa this week, he said.
China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, says research reported in the Financial Times (FT).
Russia’s Bashkortostan is ready to host the 7th BRICS summit and the Shanghai Cooperation Organization (SCO) summit in the capital Ufa, the republic's president Rustem Khamitov told RT. It’s hoped the events will bring the region to a new level, he said.
The BRICS members have kicked off consultations on an alternative to the global SWIFT system that processes about 1.8 billion financial messages annually, said Russian Deputy Foreign Minister Sergey Ryabkov.
The BRICS countries should move toward a single trade and economic market, as well as looking to create and promote projects and tools for global economy control, Zhang Dejiang, a member of the Chinese National People’s Congress said.
WikiLeaks has published 17 secret documents related to a controversial trade agreement currently being negotiated behind closed doors between the US, EU and over 20 WTO members. NGO Global Justice Now called the leak “a dark day for democracy.”
Beijing’s disclosure earlier this week of its latest military white paper, outlining a new doctrine moving beyond offshore defense to “open seas” defense, predictably rattled every exceptionalist’s skull and bone.