"In regard to individual formats, we’re working and we’re discussing the possibility of creating non-preferential zones with our Chinese colleagues, and we’re discussing similar possibilities with our Indian colleagues. There is a large amount of work ahead, but has been started conceptually. So far there are no discussions on expanding the bilateral formats into multilateral formats," Ulyukayev told journalists at a press conference in Ufa.
Brazil, Russia, India, China and South Africa are holding the seventh annual summit in the Russian city of Ufa. The meeting will conclude later in the day. The leaders of the five emerging economies gathered to discuss cooperation in the areas of global peace and security, social issues, energy and climate change.