04:54 GMT +322 July 2019
Listen Live
    Russian President Vladimir Putin takes part in informal BRICS summit in Antalya

    Russian Deputy FM Lauds Stabilizing Influence of Intra-BRICS Cooperation

    © Sputnik / Michael Klimentyev
    Politics
    Get short URL
    0 81

    Sergei Ryabkov said BRICS played the role of a stabilizing factor in harsh economic conditions.

    MOSCOW (Sputnik) — Russian Deputy Foreign Minister Sergei Ryabkov told Sputnik on Thursday that cooperation between BRICS states acts as a stabilizing factor on its members, which can not be overlooked despite current economic difficulties.

    "When the economy is under stress and experiences hard times, cooperation between the BRICS is a factor of stabilization, financial stabilization and finding additional resources, easing of solutions to infrastructure problems. BRICS is in a practical demand in this sense," Ryabkov said.

    He added that cooperation within the association also had a political nature as BRICS is a venue for discussing the most important issues. According to Ryabkov, this fact cannot be disregarded despite the temporary economic difficulties being experienced by the member states.

    BRICS is an association of five major developing economies, including Brazil, Russia, India, China and South Africa. Together they account for a quarter of the world land's mass and 42 percent of its population, estimated at approximately 3 billion people.

    Related:

    BRICS Countries Interested in Development of Inter-Parl'tary Cooperation
    BRICS Continues to Strengthen Positions on International Arena - Matvienko
    Argentina May Join BRICS in Future - Matvienko
    BRICS Leaders Speak Against Politicization of Economy, Unilateral Sanctions
    Tags:
    BRICS, Russian Foreign Ministry, Sergei Ryabkov, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik