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Deputy Prime Minister Alexander Novak said that Russian and Chinese companies have reached the final stage of agreeing on specific contracts for the Power of Siberia-2. The route has been determined, and political decisions have been made at the leadership level. Kremlin spokesman Peskov confirmed that an understanding on key parameters has been reached, and a result is expected in the near future. On May 21, the Chinese Foreign Ministry announced China's readiness to strengthen cooperation on t

Following the BRICS sherpa/su-sherpa meeting in New Delhi on February 9-10, the Russian Foreign Ministry announced the need to create a cross-border payment, settlement, depository and reinsurance infrastructure for the association, as well as to develop a new investment platform and Grain Exchange. For foreign economic activity, this is primarily about the stability of settlements and the reduction of "friction" in international payments, which directly affects the timing of shipment, the cost

BRICS does not set itself the task of transforming itself into a full-fledged international organization. The Russian Foreign Ministry said that the current model of unification has proven its effectiveness and allows developing trade, economic and financial cooperation without excessive bureaucracy.