Foreign relations of Brazil

Andrey Karneyev, Russian Orientalist, commented the possible outcomes.

The war in Ukraine goes painfully on. After 4 months, the Russians show slow gains and have taken much of the Donbas, E Ukraine. In fact, if we count Crimea and the land along the south coast as well, Russia has grabbed almost 20% of Ukraine's land, and most of it is the most valuable, including where the wheat is grown.

Turkish President Recep Tayyip Erdoğan said he anticipates further collaborations between BRICS countries and Turkey in economic matters in his address at the 10th BRICS summit, proposing to form a "new credit-rating agency" to "strengthen the south-south collaboration" in the global political economy.

The New Development Bank (NDB), set up by the BRICS group of major emerging economies, wants loans to the private sector to eventually take up a 30 percent share of its project portfolio, a senior executive at the bank said on May 29.

Standard & Poor's (S&P), Moody's, and Fitch Group are often accused of using double standards when assessing countries, companies and financial instruments. RT has talked to experts about this bias.

An initiative to create a joint digital currency for BRICS countries and the Eurasian Economic Union (EEU) has been proposed by the Central Bank of Russia, according to its First Deputy Governor Olga Skorobogatova.

She said the issue of a common cryptocurrency for a number of countries is very promising, more than that for a single nation.

Backed by BRICS partners Russia and India, China will soon take the top spot from the United States as the world's biggest economy, Russian Foreign Minister Sergey Lavrov told RT.

Lavrov pointed out that the growing influence of BRICS in the global economy and the G20 will lead to a multi-polar world.

Brazil, Russia, India, China and South Africa (BRICS) are discussing the possibility of establishing a separate gold trading system, according to the First Deputy Chairman of Russia's Central Bank Sergey Shvetsov.

Just a week after the two Asian neighbours ended a tense standoff in Doklam, Chinese President Xi Jinping and Indian Prime Minister Narendra Modi decided to maintain cordial bilateral ties and to ensure regional peace.

Russian President Vladimir Putin warned yesterday of a global catastrophe unless a diplomatic solution is reached over North Korea, but rejected U.S. calls for more sanctions as "useless," widening a split among major powers over how to rein in Pyongyang.