Meeting with Putin of exceptional importance for Serbia - premierWorld March 27, 4:16
Election in Moldova shows people support rapprochement with Russia - Socialist factionWorld March 27, 4:06
Former Zenit FC player Kazachenok dies at 64Sport March 27, 1:37
Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
MOSCOW, October 20. /TASS/. Russian Industry and Trade Minister Denis Manturov proposed to establish economic coordination between BRICS and the Eurasian Economic Union (EAEU), he said Tuesday.
"I propose to start working on opportunities for reducing barriers between the BRICS and the EAEU in order to boost mutual trade, increase investment and new full-scale industrial projects," he said.
Manturov noted that both BRICS and EAEU are huge markets that become objects of global competition amid declining demand. "Thus, to avoid a conflict of interest, in the framework of the EAEU we created a system of sectoral balances," the Minister said.
The Russian Industry and Trade Ministry also intends to develop mechanisms for coordinating promoting products to the markets of the third world countries.
"I am sure that these algorithms can be adjust to the level of EAEU - BRICS," Manturov concluded.