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The Russian city of Ufa will host the BRICS and SCO Financial Forum on 8 July.
The Russian Foreign Minister on Thursday said “a new and very important period has begun in the group's activity”.
Brazil's Vale is the world's biggest supplier of iron ore.
China Mobile and China Unicom have committed to buy $1.5 billion worth of network equipment from France's Alcatel-Lucent this year.
Cuba has supported BRICS’ calls for less US and European dominance of international affairs.
China has maintained it will not have veto powers at the AIIB, unlike the World Bank where Washington has a limited veto.
78% of those polled refused to repose confidence in the left-leaning leader.
Some have said Merkel must reject any bailout plans for Greece because German taxpayers are tired of rescuing Athens yet again.
The European Union says that one-fifth to one-fourth of its gas supplies come from Russia via the Ukraine.
Even as BRICS gear up to operationalise new Fund, the IMF has once again delayed voting reforms to give emerging countries greater say.
