Clashes between police, protestors over in downtown KievWorld October 18, 5:38
No plans to turn Kapustin Yar testing range into space center — chiefScience & Space October 18, 4:14
US court turns down Russia tycoon Deripaska’s libel suit against APWorld October 18, 4:13
Russian Defense Ministry tests new missile for Iskander short-range systemMilitary & Defense October 18, 1:18
Moscow court prolongs house arrest for director Serebrennikov to Jan 19, 2018World October 18, 1:11
Rusisan tennis star Sharapova comments on her performance in VTB Kremlin CupSport October 17, 19:29
Russia blacklists almost 400 football fansSport October 17, 18:48
Window for dialogue with Ukraine still open — diplomatRussian Politics & Diplomacy October 17, 18:40
Sharapova out of 2017 VTB Kremlin Cup in Moscow after 1st roundSport October 17, 18:35
MOSCOW, April 3. /TASS/. The establishment of a rating agency of the BRICS grouping of emerging economies (Brazil, Russia, India, China and South Africa) is being discussed at the expert level, Russian Foreign Ministry Ambassador-at-Large Vadim Lukov said on Friday.
"After the well-known events when the big three rating agencies issued politicized and intentionally biased ratings on the state and prospects of the Russian economy, this issue becomes especially important," the Russian envoy said in reply to TASS’ question.
The envoy’s statement comes after Russia assumed the BRICS rotating presidency from April 1.
Russia is not the first country that was confronted with rating aggression or dumping. Similar cases were experienced by France, Argentina and Italy. France even held litigation with one of the rating agencies, he said.
"Now the issue of creating the BRICS rating agency is being discussed among experts," Lukov.
"It is important to ensure that the agency’s establishment should not be perceived as a political counterbalance to the agencies that already exist because in this case its ratings would be perceived by opponents as politicized and deserving no attention," the Russian envoy said.
"This should be avoided. Work should proceed stage by stage," he added.
The first thing now is to hold negotiations between China’s rating agency Dagong and interested Russian economic associations, the diplomat said.