brics: Russia, China look to advance agendas at BRICS summit of developing countries in South Africa
Even an agreement on the principle of expanding BRICS, which already consists of a large chunk of the developing world's biggest economies, is a moral victory for the Russian and Chinese vision for the bloc as a counterbalance to the G-7, analysts say. Both favor adding more countries to bolster a kind of coalition -- even if it's only symbolic - amid China's economic friction with the U.S. and Russia's Cold War-like standoff with the West because of the war in Ukraine.
Source: indiatimes.com
