Emelianenko-Mitrione bout postponed due to American’s illnessSport February 19, 4:06
OSCE unable to identify perpetrators of cyber attacks against it - secretary generalWorld February 19, 4:02
Russian biathletes win gold in relay at 2017 IBU World Championships in AustriaSport February 18, 18:30
Putin signs decree on recognition of documents given to Donbass peopleRussian Politics & Diplomacy February 18, 17:26
Sberbank CEO says no repeat of crisis in the short termBusiness & Economy February 18, 17:24
Judging by certain statements at Munich Conference, "cold war" is still not over — LavrovRussian Politics & Diplomacy February 18, 15:19
Bout’s lawyers will challenge Court of Appeals’ decision in Supreme Court on February 21Russian Politics & Diplomacy February 18, 7:16
Turkish Minister reproaches NATO for not fulfilling obligations on its south-eastern flankWorld February 18, 7:12
Moody's upgrades outlook on Russia’s sovereign rating to stable from negativeBusiness & Economy February 18, 2:37
NEW DELHI, August 27 (Itar-Tass) - Claims suggesting that BRICS /Brazil, Russia, India, China, and South Africa/ is past its heyday are absolutely absurd and the economic slowdown in the countries making up the informal group obviously has a temporary character, former Indian Foreign Minister Kanwal Sibal said in an interview with Itar-Tass.
He admitted that some of the BRICS constituent nations had come to grapple with problems in their economies but China continued demonstrating high rates of economic growth along with it and India was showing persistent 5% growth.
The other three countries - Brazil, Russia and South Africa - show convincing results along a range of other criteria and the economic growth slowdown has a passing character there.
Sibal recalled that BRICS is something greater than just an economic union if one adopts the standpoint of the member-states. BRICS is a political amalgamation and a forum, the format of which enables the five countries representing different continents to discuss international problems.
The latter factor explains for the importance of BRICS, Sibal said.
He believes that it is extremely important for BRICS at the moment to work together at the summit of the Group of Twenty that will be held in St Petersburg September 5 and 6.
The problems that are highly on the agenda today include the reforming of the international financial system where a considerable overbalance exists in favor of the West exists at present, and counteraction to the militarist policies of the West implemented through military interference in the affairs of other countries, Sibal said.
He believes that multilateral cooperation in the areas where the five countries have traditionally strong positions should take on a priority character now. The case in hand is natural resources, agriculture, innovations, as well as progress in research and technologies in general.