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BRICS planning to sign documents on development bank, currency reserve pool, Kremlin

July 04, 2014, 16:42 UTC+3
The BRICS summit will be held in Brazilian cities of Fortaleza and Brasilia on July 15-16
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© ITAR-TASS/Mikhail Metzel

MOSCOW, July 04./ITAR-TASS/. Russian President Vladimir Putin will have talks with leaders of China, India, the Republic of South Africa and several Latin American countries during his visit in Brazil for a summit of the BRICS developing-nation assembly of Brazil, Russia, India, China and South Africa, the Kremlin press service said on Friday.

“Putin is expected to have bilateral talks with leaders of China, India, South Africa and contacts with several leaders of Latin American countries on the sidelines of the BRICS summit,” the Kremlin press service reported.

During the visit to Brazil scheduled for July 13-16, Putin will hold talks with Brazilian President Dilma Rousseff and meet with Russian and Brazilian businessmen. He will visit FIFA World Cup closing ceremony during which Brazil will hand over its host nation status to Russia.

The summiteers are also expected to discuss international issues, including cooperation within the UN, the G20, the World Trade Organisation (WTO) and regional integration associations.

The BRICS summit will be held in Brazilian cities of Fortaleza and Brasilia on July 15-16.“The leaders of the BRICS states will discuss issues on political agenda and global management problems. They are expected to sign several important economic documents to establish the BRICS Development Bank and the Foreign Currency Reserve Pool,” the press service noted. Meanwhile, the Dialogue Forum between the BRICS leaders and Latin America is expected to have a meeting in the outreach format and a meeting with the leadership of the BRICS Business Council is planned on the summit agenda.

Russia's President Vladimir Putin will make official visits to Cuba and Argentina for talks with leaders of both countries, the Kremlin says.

Putin will visit Cuba on July 11 at the invitation of Cuban President Raul Castro. The talks will focus on the development of trade, economic and investment cooperation and the implementation of joint projects in energy, transport, civil aviation, peaceful use of outer space and healthcare, the Kremlin says.

Putin and Cuban leaders are expected to discuss international issues. Documents on cooperation in different fields are expected to be signed, it says.

Putin is planning to meet with the Cuban revolutionary leader, Fidel Castro.

On July 12, Putin will visit Buenos Aires at the invitation of Argentina's President Cristina Fernandes de Kirchner. "The presidents of both countries are due to discuss bilateral relations and international issues. Trade and economic cooperation, and the implementation of joint energy projects will prioritise," the Kremlin says.

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