Under the Russian Chairmanship, the BRICS grouping of countries is planning active work in three key areas – politics and security, economy and finance, cultural and humanitarian contacts. This was announced by Russian Foreign Minister Sergey Lavrov during a meeting of the Commission of the General Council of the United Russia Party on international cooperation and support for compatriots abroad.

Taking into account the accession of five new members at the beginning of this year, the main priority is the successful integration of the new participants into the general architecture of strategic partnership, while maintaining the effectiveness of all existing mechanisms.

“Plans are underway for the International Inter-Party Forum in the BRICS-plus/outreach format to be held at the initiative of the United Russia political party in June-July in Vladivostok. We welcome the plans to hold it in an expanded format with the participation of our partners from the CIS. It is important to use this factor to further strengthen ties with the countries of the World Majority”

Sergey Lavrov Russian Foreign Minister

BRICS is also interested in strengthening its role in international monetary and financial systems, developing interbank co-operation and using national currencies of the member states in international trade. This is reported by the official
website of the Russian Ministry of Foreign Affairs.

Plans to establish their own rating agency and stock exchange are being actively discussed in the context of increasing the BRICS’ influence in the global arena.

From 1 January 2024, the BRICS chairmanship was taken over by Russia, it will last until the end of the year and includes more than 200 events that have a wide range of topics.

Photo: 
Russian Ministry of Foreign Affairs