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South Africa is one of Russia’s leading foreign trade partners in sub-Saharan Africa.
The five BRICS Trade Ministers met in Fortaleza on Monday ahead of the BRICS Leaders Summit.
BRICS members should see each other as gateways to the region, said the Russian BRICS Business Council member.
The two leaders met ahead of the 6th BRICS Summit in Brazil.
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.
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.
