The BRICS bloc has accomplished plenty since its inception and will continue to be a force in global affairs, Russian President Vladimir Putin has said.
In a recent joint interview with the Sputnik and the IANS news agencies in Moscow, Putin made the remarks ahead of the upcoming 8th summit of the bloc, which groups the world's five leading emerging economies -- Brazil, Russia, India, China and South Africa.
"The establishment of the New Development Bank (NDB) and the BRICS Contingent Reserve Arrangement with a total capital of 200 billion U.S. dollars is a concrete example of our cooperation," the Russian president said. "Since starting its work in 2016, the NDB has approved its first series of projects in all five countries."
Speaking of the BRICS summit scheduled for the weekend in Goa, India, Putin expects the five nations to come up with new ways of expanding their cooperation, including a focus on international security and stability.
The BRICS nations may use the summit to discuss a number of global challenges including terrorism, drug trafficking and corruption, as well as settling conflicts and ensuring global information security, he added.
The Russian leader also emphasized the need to strengthen cooperation in e-commerce, including activating a web portal service for BRICS' small and medium-sized businesses.
Putin added that the The BRICS members also actively coordinate within the Group of 20(G20), including under China's current presidency. The Russian leader said such cooperation illustrates the group's firm commitment to international law and promoting the United Nations to play a core role in addressing global issues.
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