Brics 15th Summit News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Abuses in Africa have attracted criticism from some influential quarters, including Amnesty International and Pope Francis.

Russia and Egypt are actively ramping up their trade and economic relations and developing joint projects in various areas, Russian Foreign Minister Sergey Lavrov said on Monday.

Russia and its partners within BRICS and the Shanghai Cooperation Organization (SCO) need to work on a unification of payment systems and a mechanism to regulate trade in national currencies to boost mutual trade and be more independent, geopolitical analyst Pepe Escobar told Sputnik.

The BRICS group of nations is an alliance between emerging economies initially formed in 2006 by Russia, China, India, and, Brazil, and joined four years later by South Africa.

Iran’s BRICS membership creates avenues for win-win collaboration, which can help the bloc establish itself as a global heavyweight and pave way for Iran to flourish economically, says an analyst.