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Moscow and Beijing will also cooperate in manufacturing aircraft engines, says the Russian deputy industry minister.
The bank was announced during the fifth BRICS Summit in Durban in March this year.
Officials said the affected products had not reached Chinese consumers.
China’s $15 billion skin care market is an attractive destination for foreign firms.
Apple is expected to unveil a new version of the iPhone next month and may also release a cheaper smartphone targeted at emerging markets.
The prosecutors are demanding 250 million Brazilian reais ($108 million) in compensation.
South Africa is seeking to expand its nuclear energy sector, planning a further 9,600 MW capacity in the next decade.
PetroChina is also in talks with Russia's Lukoil to buy into a second project at the Qurna field.
The Finance Ministry unveiled measures on Monday to check the widening current account deficit (CAD) and stem the rupee slide.
India's $500 billion retail market is an attractive destination for global retail giants like Wal-Mart.
