© Summit's photo-host agency
© Summit’s photo-host agency


Large-scale economic partnership has become a priority in BRICS development, Professor at the School of International Studies of Jawaharlal Nehru University in New Delhi Arun Mohanty told TASS First Deputy Director General Mikhail Gusman on Wednesday.

“Economic cooperation, along with security issues and creating new financial institutions, is for the first time on top of the agenda at the BRICS summit in Ufa, which makes it truly historical,” Mohanty said. “All BRICS countries stand for sustainable and inclusive economic development. Though there are differences in the economic development models adopted by the member-states of BRICS, they have found common ground for resolving macroeconomic issues and are keen to promote joint projects. The group has not adopted any big economic project so far. But the Ufa BRICS summit is going to be a landmark event in this sense,” he continued.