XIAMEN (Sputnik) — BRICS member states have been lately speaking in support of Russia's idea to set up a credit rating agency run by the bloc, Katyrin told Sputnik Sunday.
"We've had a very serious talk on a BRICS credit rating agency, the topic is important for each country both in general and in terms of the BRICS bank, as they are also pursuing a strong rating, [necessary] for work," Katyrin said on the sidelines of the BRICS Business Forum, adding that "there is progress and understanding… we have made remarkable progress in this area."
Katyrin chairs the Russian part at the BRICS Business Forum, a major side event of the bloc's summit, scheduled for September 3-5. The Business Forum brings together CEOs and business leaders of BRICS nations, particularly Russia, China, Brazil, South Africa and India. The event is held in China's southeastern coastal city of Xiamen in parallel with the leaders' meetings.