by AKANI CHAUKE
JOHANNESBURG – INTRA-trade within the BRICS nations has reached a staggering US$1 trillion (about R17.75 trillion), a senior Russian executive has revealed.
“(It is) A major milestone, which confirms the strengthening of economic ties and the growing role of the association in the formation of a new architecture of the global economy,” noted Kirill Dmitriev, Chief Executive Officer of Russian Direct Investment Fund (RDIF).
“This historic milestone underscores the growing economic integration among BRICS nations and the increasing shift toward a more multipolar global economy.”
Dmitriev disclosed this in his social media page.
“We continue strengthening business ties, including through the BRICS Business Council, as requested by Russian President Vladimir Putin,” he continued.
BRICS is an intergovernmental organisation comprising Brazil, Russia, India, China, South Africa (BRICS), Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
Brazil will host the BRICS Summit at the Museum of Modern Art in Rio de Janeiro on July 6 and 7.
Media are encouraged to apply for accreditation.
– CAJ News
