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1 of April, 09:20

Moscow for a year became Chairman of the BRICS The Russian Federation mission to open the development Bank of the BRICS and run a pool of foreign currency reserves. With all this, Russia relies on the active support of member countries in the fight against unilateral Western sanctions.

On the agenda will be issues in combating terrorism, and the development of international stability. Also during the presidency actively planned to lure the youth of the States members of the BRICS.

One of the main objectives will be opening new tracks multilateral sectoral cooperation is the beginning of functioning of the New development Bank and currency reserve Pool, TASS informs. The benchmark for the achievement of these objectives will be the financial Strategy of the partnership until 2020, the intention of which was submitted by the Russian Federation at the summit in Brazil in 2014.

It should be noted that some Western powers are already starting to think about joining the development Bank of the BRICS, said Ambassador for special assignments of the MFA of Russia Vadim Lukov. It was also suggested that the IMF and the world Bank was done over 3 years and this process was "not bright". "It took us less time," said he added that for the first time such structures are created without the fate of the Western States.

In relation to the objectives of the development Bank of the BRICS Bows announced that it is based on the pay principles. "The opinion of shareholders (development Bank of the BRICS. - Approx. ed.) is contained in the fact that all projects must be cost-effective. This is not a Fund and not the Fund's grants. A new development Bank will be built on a paid principles," the diplomat said.

Together with the Moscow expects to enlist the support of the States members of the organization regarding anti unilateral Western sanctions and the use of double stereotypes about Russia. "In this we have the support of these States. We assume that this support at the summit in Ufa will be declared quite clearly. For us it is, of course, extremely powerful inspiring moment," said Executive Director of the National Committee for BRICS studies George Talori and reported that in Moscow alone it would be difficult to resist the West.

Russia during the presidency has a view to actively involve the participation of young people. So, in early June of 2015 will be held in Moscow Civil forum, and in the beginning will take place in Kazan 1 youth summit of the BRICS. The focus of the event is the interaction of guys from different countries in the field of culture and economy.

Also on the agenda will be discussed the issues of strengthening international stability and counter-terrorism. Will be discussed the issues of international information security, strengthening the non-proliferation of weapons of global elimination.

The name of the "BRICS" is an acronym of the first letters of the participating countries of the organization in English: Brazil, Russia, India, China and South Africa. The total population is 42% of the world and covers an area of 42%. Market, BRIC is considered the greatest in the world, and annually increases by $ 500 billion.
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