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Goldman Sachs economist Jim O'Neill predicts BRICS will collectively represent 31 per cent of global trade by 2020.
The US has pushed European capitals, despite some resistance, to “punish” Russian President Putin for the accession of Crimea.
Brazil and Russia will sign a raft of cooperation agreements in energy, investment, innovation, agriculture, science and technology.
The BRICS New Development Bank is a promising and strategically significant undertaking, says Georgy Toloraya.
BRICS will get a new $100 billion development bank and a $100 billion Contingency Reserve Arrangement at the Summit.
The Palestinian death toll crossed 160 on Sunday with no fatalities reported on the Israeli side.
Rosatom would be involved in the construction of units in Argentina's Atucha III nuclear power plant.
Oil-rich Arab nations should invest in the BRICS Bank, writes Dr. Sadiki.
A Kremlin aide said earlier this week that Shanghai has been chosen as the headquarters of the Bank.
BRICS are meeting at a time of political turmoil in the world, said the Indian PM.
