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South Africa has had endorsed the election as “peaceful, transparent, credible, free, and fair".
China has replaced the US as India’s largest trading partner.
China's Foreign Ministry has said both countries made great sacrifices and contributions to the victory of the world's anti-Fascist War.
Brazilian President Dilma Rousseff kicked off a second term vowing to tackle corruption and revamp the economy.
At the session, Indian finance minister Arun Jaitley said India intended to return to an eight to nine percent growth rate.
The swiss city of Zurich joins list of global centres for trading the yuan.
Lavrov said Russia and the US “carry great responsibility” in the “world arena” and must work together.
In his State of the Union address on Tuesday, Obama said China must not be allowed to write trade rules for Asia.
The two nations will sign a financial deal on Wednesday in the presence of Chinese Premier Li Keqiang.
IMF has sharply cut its 2015-2016 world growth forecast owing to weak prospects in Japan, the Eurozone, China and Russia.
