Important BRICS agreements signed in Durban
Agreements were reached on financial and economic issues, information security, joint anti-drug efforts, and youth and educational exchanges
Russian President Vladimir Putin held talks with his Egyptian counterpart Mohamed Morsi on the sidelines of the summit. Both vowed to strengthen bilateral ties.
Russia proposes a programme of long-term economic cooperation within the BRICS group, which brings it together with Brazil, India, China and South Africa.
President Vladimir Putin spoke about this for the media after emerging from the fifth BRICS summit in Durban on Wednesday.
The summit approved proposals to expand student exchanges, join forces for dealing with illegal drug trade, cooperate in cybersecurity and look into initiatives to establish a joint development bank.
The next BRICS summit will sit in Brazil in 2014.
Russia’s President Vladimir Putin hopes that agreements and resolutions adopted at the BRICS summit could possible reverse negative market trends, a Voice of Russia correspondent reports from South Africa’s Durban that hosts the summit.
The BRICS countries are also to decide on creating a joint development bank aimed at providing funds and loans for BRICS projects.
The ministers haven’t so far agreed on the issue.
Voice of Russia