UN mission in Ukraine has no powers to assess situation in Crimea, diplomats noteWorld September 25, 21:11
Gentlefan continues: Manchester United fans to get raincoats ahead of encounter with CSKASport September 25, 20:30
US-led coalition denies charges of US units leading Syrian 'opposition' through IS linesWorld September 25, 18:49
Supplies of S-400 systems to Turkey may begin within two yearsMilitary & Defense September 25, 18:14
Ukraine involved in illegal arms deliveries to South Sudan — Amnesty InternationalWorld September 25, 18:01
Russian general's death in Syria result of US double-dealing in war on terror — diplomatRussian Politics & Diplomacy September 25, 17:42
Russia's top diplomat says conditions in Syria ripe for defeating terroristsRussian Politics & Diplomacy September 25, 17:07
Russian envoy notes US actions in Syria as Washington's true colors on anti-terror policyRussian Politics & Diplomacy September 25, 17:00
Economy minister believes new technologies will drive Russia’s economyBusiness & Economy September 25, 16:50
SHANGHAI, June 19. /TASS/. BRICS member-states (Brazil, Russia, India, China and South Africa) are considering the possibility of creating a rating agency, Russia’s Finance Minister Anton Siluanov said at the meeting of BRICS finance ministers and central banks’ heads in Shanghai on Monday.
"The issue of setting up a rating agency is under consideration. There are various opinions regarding the issue. Our position is that it is necessary to create a single agency for the five BRICS countries. However, it will only operate inside the five, while we need global ratings in order to attract world-renowned investors," he said.
"Ratings issued by Russia-based rating agencies may be used for our local investments and bonds placed by corporates and financial institutions, while if we speak about country-wide assessments, the assessment of our national securities’ issuances for global investors here international ratings are needed," Siluanov said, adding that the participants of Monday’s meeting agreed to "study the issue in more detail."
BRICS is an informal association of five major emerging national economies founded in June 2006 at the St. Petersburg International Economic Forum, known as BRIC prior to inclusion of South Africa in 2009. Russia was presiding in BRICS in 2015 and was chairing the BRICS Business Council until April 2016.