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Brazil says the BRICS currency reserve fund is important to serve as "a cushioning against crises".
Between 2002 and 2012, intra-BRICS trade increased 922 per cent.
Russia is hosting the BRICS Summit in July this year.
The South African Foreign Minister hit out at the lack of African participation in the decision-making processes of the UNSC.
China's trade with the European Union, its biggest trade partner, waned by 7.1 percent during the Jan-May period.
China accounts for almost two-thirds of the reduction in the number of undernourished people in poor countries since 1990, says FAO.
Hungary is also a member of the China-led Asian Infrastructure Investment Bank.
ISIL's growth in Afghanistan means foreign forces want to harm China, Russia, Central Asia, says Former Afghan President Karzai.
The Russian President also said the West is reluctant to acknowledge the legitimacy of trade blocs led by Russia.
The Greek leader will meet Putin at the St Petersburg International Economic Forum, which will take place on June 18–20.
