Lavrov urges Steinmeier not to fuel tensions over Serbian Republic eventsRussian Politics & Diplomacy September 29, 21:26
Diplomat: Polish authorities intentionally worsen relations with RussiaRussian Politics & Diplomacy September 29, 21:18
Germany urges Russia to agree to ceasefire in Syria longer than 48 hoursWorld September 29, 20:40
Kerry: US standing on verge of calling off talks with Russia on SyriaWorld September 29, 20:00
Putin, Merkel call for joining efforts to establish truce in SyriaRussian Politics & Diplomacy September 29, 19:54
Putin, Merkel agree schedule of Normandy Four contacts on Donbass settlementRussian Politics & Diplomacy September 29, 19:31
Russia concerned over US' statements on readiness to use nuclear weaponsRussian Politics & Diplomacy September 29, 19:01
Russia to hold consultations with OPEC on oil production cap in October-NovemberWorld oil prices September 29, 19:00
Rosneft claims almost $50 mln from RBC media holding for reputational damageBusiness & Economy September 29, 18:51
UFA, July 10 /TASS/. Russian President Vladimir Putin does not see the need to transform BRICS (Brazil, Russia, India, China and South Africa) into a full-fledged international organization at this stage.
According to him, real actions are more important than bureaucratic formalities, he said on Friday.
"I do not know whether we should bureaucratize this structure (BRICS). There is no need for that so far. We are creating an E-secretariat to better coordinate our joint wok," Putin told a news conference held after the BRICS and SCO (Shanghai Cooperation Organization) summits on Friday.
According to Putin, the common desire to integration is much more important. He added that BRICS had started forming in 2006 when the leaders of China, India and Russia met on the sidelines of the G8 summit in St. Petersburg. Brazil and South Africa joined the format later. "Everything goes in a natural way. No one is driving anybody into any associations. It is very important that all participants in the process feel the objective need in cooperation," the Russian president stressed.
"It is particularly true of the need to create more democratic principles of world economy. Reciprocal support is also important. That is why we created the New Development Bank and the Pool of Foreign Exchange Reserves worth 200 billion US dollars," Putin said adding that actual instruments of interaction were being formed.