The BRICS summit, which will take place on Tuesday and Wednesday in the Brazilian city Fortaleza, will be for the President of the Russian Federation " playing at home ", despite the isolation of Russia from the Western countries, in South America centuries Putin still welcome, says Austrian print edition.

The situation in Ukraine will be discussed at the conference, however, the BRICS unanimously against sanctions concerning Russia, writes the magazine.

As underlined Der Standart, the annual meeting of the BRICS are not " ritual " character: the plans of the Association is development of its own development Bank and the monetary Fund, the institutions of this kind can transform international financial architecture.

a year earlier, the conference of the BRICS in South Africa discussed the development Bank of development, but countries were not able to come to a common opinion about the conditions. This year was announced that the total volume of authorized capital will amount to 100 billion dollars. Distributed capital will reach $ 50 billion.

" in the creation of such a Bank makes sense, As the main obstacle to improving the emerging markets is the lack of appropriate infrastructure. In addition, will be reduced dependence on the Euro and the dollar, " says the economist Antonio Carlos Alves DOS Santos.

According to the expert, that the BRICS, despite the diversity, once again will demonstrate the ability to successfully conduct dialogues. The economic power of these countries and the resulting freedom of political action unites them, he added.

in the BRICS live estimated at 40 % of the population of the world. On five members of the organization have presumably a quarter of the world's GDP.

sections: Politics