Russia Assumes Presidency of Emerging Economies Union BRICS

In his New Year’s Eve welcome to his South Africa’s partner Jacob Zuma, Russian President Vladimir Putin vowed to fortify the union’s position in the worldwide arena – BRICS

ANUJA, January 1 (Ooduarere) Balogun Adesina — Starting on January 1, Russia will assume control over the pivoting administration of the BRICS gathering of five developing economies, which likewise incorporates Brazil, India, China and South Africa.

In his New Year’s Eve welcome to his South Africa’s partner Jacob Zuma, Russian President Vladimir Putin vowed to fortify the union’s position in the worldwide arena, as per the Kremlin.

The BRICS nations make up around one-third of the world’s populace and order a joined economy of about $13.6 trillion.

Taking after the June summit in Brazil’s Fortaleza and the production of a BRICS improvement bank, numerous masters have guessed that an arrangement between the five accomplice countries could give a stabilizer to the West’s impact.

The following summit is planned to occur in July in the southern Russian city of Ufa. It is required to fill the employment of the bank’s administrator, among other.