Modi had apparently phoned Sharif to convey his Ramzan wishes and it is believed that the meeting was confirmed during the phone call. China is a leading nation and the largest economy among the BRICS countries and mutual projects like ‘Silk Road’ will definitely increase the cooperation between Russian Federation and China economically, he added.
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He was accorded a warm welcome at the Ufa Airport and was treated with candies.
Putin is also expected to meet his Iranian counterpart Hassan Rouhani.
“I am looking forward to developing the cooperation (between the two countries)”, Putin said as the two leaders met in Ufa ahead of the BRICS and Shanghai Cooperation Organisation (SCO) summits. The BRICS Summit will focus discussions on enhancing cooperation in economic area, including the possibility of trade in local currency.
“Advancing the new development bank is the foremost goal since it can help shift the cooperation from mere view-exchanging to more practical one”, said Zhu Jiejin, an associate professor at the Center for BRICS Studies of Fudan University.
A number of meetings are being held in the run-up, some in Moscow, where Brics ministers of trade and industry were holding talks on Wednesday. “India and Pakistan’s admission to the SCO will play an important role in the SCO’s development”.
India was surprised by Russia’s decision to join China to shield Pakistan.
Björn Düben, writing for Reuters, notes that while in the past year it has seemed that Russian Federation and China were teaming up at last, reality is more complicated.
But considering the fact that Greece bailed on a roughly $2 billion loan from the worldwide Monetary Fund, a loan in which some of the BRICS, but their membership in the IMF IMF, aren’t getting paid back, Russian Federation is essentially calling a sub-sub prime borrower to siphon off money that the BRICS could surely use themselves.
Mr Cheng said the summit, to be attended by Chinese President Xi Jinping, would also discuss security in Afghanistan.
Indian Prime Minister Narenda Modi, listens to Russia’s President…
India has raised objections to the United States dollars 46 billion China-Pakistan Economic Corridor project passing through Pakistan-occupied Kashmir. India has been upset over reports that Moscow and Islamabad had nearly concluded negotiations over sale of Russian Michigan 35 Hind E attack helicopters to Pakistan.
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