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    B.R.I.C.S. Discussion

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    Hannibal Barca
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    Re: B.R.I.C.S. Discussion

    Post  Hannibal Barca on Sat 17 May 2014, 19:26

    This is beyond great. This is truly amazing! Bring in Argentina Indonesia and Iran and West is over!

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    Re: B.R.I.C.S. Discussion

    Post  GarryB on Sun 18 May 2014, 10:47

    The more the better and stronger it will become, though the more difficult it will become to get a consensus...

    Of course at the end of the day total agreement in everything is not needed.


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    Re: B.R.I.C.S. Discussion

    Post  George1 on Sat 31 May 2014, 14:35

    Argentina to join BRICS upcoming summit on Russia's invitation

    Argentina has been invited to join the sixth BRICS Summit, due to take place in July in the Brazilian city of Fortaleza. The country will join the bloc of major emerging economies, made up of Brazil, Russia, India, China, and South Africa, which jointly account for as much as nearly quarter of the world's economy.

    Russia voiced the news following the recent meeting held between the country’s Foreign Minister Sergei Lavrov and his Argentine counterpart Héctor Timerman, which resulted in signing a joint declaration on the non-proliferation of arms in outer space.

    Argentina’s Timerman stressed the "strategic association" between both countries "is based on a common vision about the essence of international relations, values and objectives of common well-being that both nations are building."

    The officials have discussed both the global and regional policies, "assuming that international conflicts have a sustainable solution" if political leaders work toward "the strengthening of a solid multilateral system based in cooperation and mutual collaboration and the non-intervention in states' domestic affairs through economic, political or military means."

    Timerman, notably, "stressed Argentina’s position against double-standard" messages, referring to Western powers denouncing the referendum recently held in Crimea while the same parties supported the 2012 voting in the Malvinas Islands as their inhabitants reaffirmed their decision to stay British.

    Sergei Lavrov said Russian leader Vladimir Putin will likely meet with President Cristina Fernández de Kirchner and other Latin American heads of state during Putin’s upcoming visit to the region.
    Read more: http://voiceofrussia.com/news/2014_05_31/Argentina-to-join-BRICs-upcoming-summit-on-Russias-invitation-8322/

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    Re: B.R.I.C.S. Discussion

    Post  Viktor on Fri 04 Jul 2014, 23:26

    Hopefully  thumbsup 

    BRICS planning to sign documents on development bank, currency reserve pool - Kremlin

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    Re: B.R.I.C.S. Discussion

    Post  Viktor on Mon 14 Jul 2014, 23:38

    BRICS bank coming to its life

    Russian Direct Investment Fund: BRICS summit on Russia announce the creation of infrastructure fund investments BRICS

    Putin: soon the BRICS Development Bank and create a pool of foreign exchange reserves



    truly evil plan  russia  Very Happy 

    Putin: BRICS wants to reduce the dependence of the global monetary system of the U.S. policy

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Tue 15 Jul 2014, 09:30

    President Putin: BRICS not to create military and political alliance

    MOSCOW, July 15 /ITAR-TASS/. Russia’s President Vladimir Putin stressed that Moscow had no intention to create a BRICS political alliance.
    Vladimir Putin: It is time to raise the BRICS' role to a new level

    “Certainly, the BRICS countries (Brazil, Russia, India, China and South Africa) intend to strengthen the political element of our cooperation. That is why we will develop the practice of mutual consultations and joint actions in international organisations, first of all, in the UN”, he told Itar-Tass in an interview ahead of the BRICS summit.

    Putin said that they planned to create a virtual BRICS secretariat in the long term.

    “At the same time, I would like to stress that we do not have any plans to form a BRICS military and political alliance”, he added.

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Wed 16 Jul 2014, 14:23

    Russian GLONASS to Boost Yield Capacity by 50% - Putin

    FORTALEZA, July 16 (RIA Novosti) – Deployment of GLONASS satellite navigation systems to the BRICS states is very promising, the technologies allow to boost yield capacity up to 50 percent, Russian President Vladimir Putin said at the plenary session of the BRICS summit Tuesday.

    “The joint implementation of the Russian global navigation systems GLONASS looks very promising in a whole range of spheres: transportation, national security and even agricultural industry, where GLONASS technologies, according to the experts’ estimates, allow to boost yield capacity by 30-50 percent,” Putin said.

    Earlier Monday, Brazilian Foreign Minister Luiz Alberto Figueiredo told RIA Novosti that two more GLONASS stations were to open in the states of Pernambuco and Rio Grande do Sul. According to the top diplomat, the technological alliance between Brazil and Russia is an important element of bilateral relations, as it facilitates modernization and global competitiveness for both countries.

    The GLONASS network, which was put into operation in 1993, is considered Russia’s answer to GPS. The network provides real-time positioning and speed data for surface, sea and airborne objects.

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Sat 02 Aug 2014, 02:35

    BRICS bank after members' conformity with domestic laws

    NEW DELHI: The New Development Bank will be set up by the BRICS grouping after all the 5 signatory nations give approval to the agreement in accordance with their laws, Parliament was informed on Friday.

    "The Bank will be established after each signatory country has deposited with the government of Republic of Brazil an instrument setting forth that it has accepted, ratified or approved this Agreement in accordance with its own laws," Minister of State for Finance Nirmala Sitharaman said in a written reply in the Lok Sabha.
    The BRICS nations include Brazil, Russia, India, China and South Africa.

    The setting up of the BRICS bank was decided in a summit on July 15 in Fortaleza, Brazil, Sitharaman said.

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    Re: B.R.I.C.S. Discussion

    Post  Viktor on Thu 14 Aug 2014, 17:57

    Nice  thumbsup 

    Russia to Contribute $30Bln to BRICS Reserves Pool – Putin

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Mon 27 Oct 2014, 16:23

    Russia, Brazil, South Africa discuss possibility of joint military products development

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Thu 01 Jan 2015, 15:26

    Russia Assumes Presidency of Emerging Economies Union BRICS

    In his New Year's Eve greeting to his South Africa's counterpart Jacob Zuma, Russian President Vladimir Putin pledged to strengthen the union's position in the global arena.

    MOSCOW, January 1 (Sputnik) — Starting on January 1, Russia will take over the rotating presidency of the BRICS grouping of five emerging economies, which also includes Brazil, India, China and South Africa.

    In his New Year's Eve greeting to his South Africa's counterpart Jacob Zuma, Russian President Vladimir Putin pledged to strengthen the union's position in the global arena, according to the Kremlin.

    The BRICS countries make up about one-third of the world's population and command a combined economy of about $13.6 trillion.

    Following the June summit in Brazil's Fortaleza and the creation of a BRICS development bank, many experts have speculated that an alignment between the five partner nations could provide a counterweight to the West's influence.

    The next summit is scheduled to take place in July in the southern Russian city of Ufa. It is expected to fill the job of the bank's chairperson, among others.

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    Re: B.R.I.C.S. Discussion

    Post  Kyo on Fri 02 Jan 2015, 18:54

    Brazilian President confident versatile cooperation with Russia to continue developing:



    http://itar-tass.com/en/russia/770235

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Wed 28 Jan 2015, 00:01

    BRICS Summit in Ufa to Discuss Creation of Manned Space Station

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    Re: B.R.I.C.S. Discussion

    Post  magnumcromagnon on Wed 28 Jan 2015, 00:54

    George1 wrote:BRICS Summit in Ufa to Discuss Creation of Manned Space Station

    Excellent news!

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Wed 28 Jan 2015, 11:52

    Brazil Hopes BRICS Members to Ratify Bank Agreement Soon

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Thu 26 Feb 2015, 12:47

    BRICS to Create Own Parliamentary Assembly – Reports

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Tue 10 Mar 2015, 13:50

    Putin signs law ratifying BRICS Bank

    The BRICS bank, Putin has said, “will become one of the largest multilateral financial development institutions in the world”.

    “The bank and the Currency Pool, with combined resources of 200 billion dollars, lay the foundation for coordinating a macroeconomic policy between our nations,” Putin said during the 6th BRICS Summit in Brazil.

    The BRICS Bank launched last year will fund infrastructure projects in Brazil, Russia, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF.

    The Agreement will enter into force and the Bank will begin operations only after all member countries deposit their instruments of ratification with Brazil.

    Central Banks of the member countries will also have to finalize an Inter-Central Bank Agreement containing the operational details of swap transactions and the Standing Committee’s Operational Procedures (SCOP) before the arrangement can be operational.

    Russian Finance Minister Anton Siluanov is likely to become the bank’s first Chairman of the Board of Governors while India will nominate the first President of the BRICS Bank.

    The first board meeting is supposed to take place in April in the Russian city of Ufa and the Bank is expected to start fully functioning by the end of 2015, according to the Russian Finance Ministry.

    BRICS launched a $100 billion development bank and a currency reserve pool in July this year in their first concrete step toward reshaping the Western-dominated international financial system.

    “The creation of the BRICS Development Bank and the Contingency Reserve Agreement (CRA) had been discussed for several years, and yet it still comes as a surprise to most Western analysts who consistently argued that the BRICS countries were too different from each other to ever agree on much,” writes Professor Oliver Stuenkel who teaches at the Getulio Vargas Foundation (FGV) in São Paulo, Brazil.

    Each of the five-member countries is expected to allocate an equal share of the $50 billion startup capital that will be expanded to $100 billion.

    The next BRICS Summit will be held in the Russian city of Ufa on July 9-10 this year.

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Wed 01 Apr 2015, 22:49

    Launching New Development Bank priority for BRICS — Brazilian diplomat



    RIO DE JANEIRO, March 31. /TASS/. Launching the New Development Bank (NDB) and creating a reserve currency pool will be one of the top priorities for the BRICS countries during Russia’s presidency in the organization, Brazil’s sous-sherpa at BRICS, Director of Regional Mechanisms of the Foreign Ministry of Brazil Flavio Damico told TASS on Tuesday.

    "During Russia’s presidency, we hope to see how mechanisms of our cooperation are developing and strengthening and [how] cooperation spheres are expanding," Damico said, commenting on the upcoming ceremony of handing over the presidency in the association to Russia on April 1. "Along with preparatory works on launching the Development Bank and a reserve currency pool in accordance with decisions made at the BRICS summit held in July last year in the Brazilian city of Fortaleza, the issues of ratifying the corresponding agreements will be discussed," he added.

    "Here in Brazil we are currently working to speed up the ratification in the parliament," Damico said, adding that "Russia has gone ahead in this respect." On March 9, Russian President Vladimir Putin signed a law on ratification of the agreement that stipulated establishing the New Development Bank by BRICS countries (Brazil, Russia, India, China and South Africa).

    Talking about the place and role of BRICS in the modern system of international relations, Damico said that the association "has been a significant factor in world affairs right from the moment of its establishment as countries in the group have big influence in decision-making on the international arena."

    "After they began coordinating their actions, their influence has grown even more," the diplomat said. "Wide coordination between the BRICS countries became the new factor in the international life," he added. The countries in the organization are "very large and complex," and it is only logical that "there are spheres where coordination and cooperation are moving forward very fast and some spheres where more effort is needed to see tangible progress," Damico said.

    The next BRICS summit will take place in Russia’s Ufa in July 2015.

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Sun 05 Apr 2015, 16:53

    BRICS May Create Unbiased Credit Rating Agency

    Experts from BRICS countries are discussing the creation of a new independent rating agency to counter the geopolitically-biased economic assessment by Western ratings agencies, the Russian sous-sherpa for BRICS said Friday.

    MOSCOW (Sputnik) — China’s rating agency Dagong is currently holding talks with economic experts in Russia regarding the creation of a new independent agency, the Russian official said.

    After sanctions had been imposed on Moscow by the West over Russia’s alleged role in the internal conflict in Ukraine, the Big Three credit rating agencies — Fitch, Moody’s and Standard & Poor’s – downgraded their rating regarding Russia’s creditworthiness.

    “After the recent cases with Big Three rating agencies issuing politicized and biased assessments of the state and development prospects of Russian economy, this issue is of particular relevance,” sous-sherpa Vadim Lukov told journalists, adding that Russia is not the first country to suffer from “rating aggression and rating dumping.”

    The Big Three have also published negative outlooks for Mercosur countries for 2015. Mercosur is a sub-regional economic bloc comprising Argentina, Brazil, Paraguay, Uruguay and Venezuela alongside associate countries Bolivia, Chile, Colombia, Ecuador and Peru.

    These steps and other questionable actions have prompted criticism from numerous experts and lawmakers worldwide, who believe that the proprietary ratings by the three primary western credit rating agencies are largely based on their interpretation of geopolitics and do not reflect reality.

    Read more: http://sputniknews.com/business/20150403/1020420455.html#ixzz3WRkbLGpG

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    Re: B.R.I.C.S. Discussion

    Post  George1 on Tue 07 Apr 2015, 09:51

    Russian Commission Ratifies BRICS Currency Reserves Agreement at $100Bln

    A Russian Cabinet of Ministers commission on Monday approved the ratification on an agreement to create a pool of conditional currency reserves for BRICS member states at $100 billion.

    MOSCOW (Sputnik) – A Russian Cabinet of Ministers commission on Monday approved the ratification on an agreement to create a pool of conditional currency reserves for BRICS member states at $100 billion.

    The Russian Foreign Ministry and Finance Ministry introduced the legislation to create the joint bank between the countries of Brazil, Russia, India, China, and South Africa (BRICS).

    "The overall volume has been set at $100 billion. China's share is $41 billion, South Africa's is $5 billion, and Brazil, India and Russia's is set at $18 billion each," according to the document, published on the Cabibet of Ministers' website.

    The currency pool will be maintained by a board of directors, a permanent committee, and a coordinator, whose functions will be performed by the state chairing BRICS.

    A country-borrower may use up to the 70 percent maximum of state-limit funds if it has an approved International Monetary Fond (IMF) crisis stabilization program and fulfills its obligations under the agreement, according to the document. Up to 30 percent of the resources may be used without such a deal with IMF.

    The agreement will be considered at a government session, according to the Russian Cabinet of Ministers.

    The agreement on the creation of the pool was worked out by the finance ministries of the BRICS countries at the June 2012 meeting in Mexico.

    Read more: http://sputniknews.com/business/20150407/1020554990.html#ixzz3WbjPv9Ow

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    Re: B.R.I.C.S. Discussion

    Post  Viktor on Fri 17 Apr 2015, 23:38

    Nice thumbsup

    BRICS Finance Ministers meet held in Washington

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    Re: B.R.I.C.S. Discussion

    Post  GarryB on Sat 18 Apr 2015, 05:41

    Correction... BRICS finance ministers and the NSA hold a meeting in Washington... Rolling Eyes


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    Re: B.R.I.C.S. Discussion

    Post  George1 on Tue 21 Apr 2015, 17:48

    BRICS to Deepen Member Ties With New Development Bank - Russian Think Tank

    The launch of the BRICS New Development Bank signals deepening ties among the bloc's member countries, the executive director of Russian National Committee on BRICS Research told Sputnik on Monday.

    STRASBOURG (Sputnik), Daria Chernyshova — BRICS unites five world economies: Brazil, Russia, India, China and South Africa. In July 2014, BRICS leaders approved the establishment of the New Development Bank.

    "It is a very important signal of our decisiveness to go on with BRICS process," Georgy Toloraya said. "So this is the question of principle."

    Toloraya also underlined that despite a tough economic situation in Russia, Moscow is determined to deliver on its obligations in establishing the bank.

    On April 16, Russian Finance Minister Anton Siluanov said the New Development Bank would be launched prior to the groups's summit in the Russian city of Ufa on July 9-10.

    Russia is currently presiding at the group, taking over from Brazil earlier in April.

    New Development Bank, AIIB to Exert Pressure on World Bank

    Toloraya also noted that the New Development Bank of BRICS countries and the China-led Asian Infrastructure Investment Bank (AIIB) will exert pressure on an existing financial architecture, including the World Bank, although they do not pretend to substitute it.

    "Both the New Development Bank and the AIIB have their advantages and have the niche of their own. It brings some competition, it brings a new factor of pressure onto the World Bank and its subordinate institutions, so this is a positive development for the borrower, for the developing economies," Georgy Toloraya said.

    Toloraya explained that at the early stages the New Development Bank will focus on the project areas which are not interesting to the World Bank, such as projects in the developing world and infrastructure projects in BRICS countries.

    Comparing the AIIB and the New Development Bank, Toloraya underlined that the New Development Bank is based on the principle of equality, and potentially has more influence than the AIIB, controlled by Beijing.

    On July 15, 2014, the BRICS member countries signed an agreement to establish the $100-billion New Development Bank, formerly referred to as the BRICS bank, and a reserve currency pool set at $100 billion. Russia will contribute $18 billion to the pool, along with India and Brazil. China is expected to contribute the largest share of $41 billion, with South Africa chipping in the remaining $5 billion.

    The AIIB is an international financial institution proposed by China that aims to invest in infrastructure projects in the Asia-Pacific region. The bill establishing the bank was signed by 21 countries in October, 2014. China announced on March 31, 2015 that Russia was accepted as one of the founding members of the AIIB.

    Read more: http://sputniknews.com/politics/20150420/1021144902.html#ixzz3XxWcM0Yk

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    Re: B.R.I.C.S. Discussion

    Post  Viktor on Wed 22 Apr 2015, 20:41

    Nice thumbsup

    Russia ready to propose BRICS orbital station creation —Roscosmos

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    Re: B.R.I.C.S. Discussion

    Post  medo on Wed 22 Apr 2015, 21:13

    Will BRICS members place their modules on new Russian space station, or they will build additional space station?

    Sponsored content

    Re: B.R.I.C.S. Discussion

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